We have to file CT61 forms for a loan the company pays interest payments on. If the company year end aligns with a the end of quarter then you only have to file 4 identical CT61 forms a year, otherwise it gets a bit complicated with having to file 5 a year (Quarter ends and company year end), 2 of which are different to the other 3. For this reason alone we’re thinking of changing our company year end to align with a quarter end.
I love your videos, have leant so much from all those advises. Thank you ! I wonder if you could you make a video about how to protect your asset and your company after the dead of sole director shareholder, who would be in charge and running the company, what happens to those investments in that company and what to do now to avoid the disaster whicj will end up of loosing everything ? It’s one of most important matters but don’t see many TH-camrs mentioned it on here. Many thanks .
Personal mid year payment (July) should be in the mix too?? Like the idea of not having everything crashing in Dec and Jan when my industry is usually super quiet.
![SAVE LAST MINUTE TAX BEFORE 5th APRIL - STUFF TO LOOK AT [2024]](http://i.ytimg.com/vi/iyVKyTSqgTA/mqdefault.jpg)
Ha, thanks Dan and the Heelan team for helping me work through this recently to line up with the US tax year.
No problem Derek!
We have to file CT61 forms for a loan the company pays interest payments on. If the company year end aligns with a the end of quarter then you only have to file 4 identical CT61 forms a year, otherwise it gets a bit complicated with having to file 5 a year (Quarter ends and company year end), 2 of which are different to the other 3. For this reason alone we’re thinking of changing our company year end to align with a quarter end.
Yup could certainly help! Why hmrc still want these forms is a longer question . . It’s so archaic!
I love your videos, have leant so much from all those advises. Thank you ! I wonder if you could you make a video about how to protect your asset and your company after the dead of sole director shareholder, who would be in charge and running the company, what happens to those investments in that company and what to do now to avoid the disaster whicj will end up of loosing everything ? It’s one of most important matters but don’t see many TH-camrs mentioned it on here. Many thanks .
This is a great idea for a vid, will add to the list.
Another great video! Thank you
Glad you enjoyed it!
Personal mid year payment (July) should be in the mix too?? Like the idea of not having everything crashing in Dec and Jan when my industry is usually super quiet.
Indeed can also be a factor.