End of Year Accounts & Advice
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£125(approx. $157)
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Chartered Accountant and Company Secretary by profession and now a full time freelancer specializing in Microsoft Excel, Word, PowerPoint, Data Entry and other Administrative Support.
Ahmedabad
Researcher, Data base building, Lead generation, E Mail database, Data Entry, Research base writing, Market Research,
Bay Minette
1512615339934977955853327257137946581482646730164089712352793015549837804
Description
Experience Level: Intermediate
Good afternoon,
I own an online homeware dropshipping website that as with many did well during lockdown but that has since fallen and in recent months has stopped trading. We have stopped using our previous accountants as their fees were very high (1k a month), which at the time when we had a lot of transactions due to the dropshipping method was justifiable but obviously since we stopped trading wouldn't have made sense.
We made a profit in that tax year, but in this year (ending 31st July) we will make a loss. I'm not sure how it works in terms of being able to offset that, as we are likely to close the company when its all resolved, carrying the losses forward would be of little benefit. As I understand it there is the possibility of offsetting the current year losses against the previous year, if that is possible it would be great to get some feedback on how that would work?
Ultimately either way we would need to file this years end of year accounts, so please quote for this and if possible some advice on whether the above is viable. We can then address the next set of accounts as there will be a little more work involved in that, with the previous accountants only doing them for the first six months of that year (though very little extra as we essentially stopped trading)
I own an online homeware dropshipping website that as with many did well during lockdown but that has since fallen and in recent months has stopped trading. We have stopped using our previous accountants as their fees were very high (1k a month), which at the time when we had a lot of transactions due to the dropshipping method was justifiable but obviously since we stopped trading wouldn't have made sense.
We made a profit in that tax year, but in this year (ending 31st July) we will make a loss. I'm not sure how it works in terms of being able to offset that, as we are likely to close the company when its all resolved, carrying the losses forward would be of little benefit. As I understand it there is the possibility of offsetting the current year losses against the previous year, if that is possible it would be great to get some feedback on how that would work?
Ultimately either way we would need to file this years end of year accounts, so please quote for this and if possible some advice on whether the above is viable. We can then address the next set of accounts as there will be a little more work involved in that, with the previous accountants only doing them for the first six months of that year (though very little extra as we essentially stopped trading)
Jamie C.
98% (33)Projects Completed
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6 Apr 2024
Spain
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