Hi everyone, I'm at the end of my tether literally and dont feel I can continue with keeping my business open. I have my own business and I employ 19 people in the retail sector (part-time and full time). My Problem is the following:-
My main concern has been to keep everyone employed as best I can which I have done and the staff are lovely people with families to feed which is my main concern as their employer.
I have agreements going with Revenue for money owed and the county Council for rates and I am managing to keep to these agreements and am doing my best to keep all the balls in the air.
My problem is this, I simply cannot afford to keep my accounts up to date although of course I want to, I have explained this to the CRO but they dont want to know and I appreciate its the law completely. Someone rang today from Revenue and said they noticed I was in 'disolved status' and what was I going to do, I explained that I've been ringing around trying to get an accountant to do an agreement with me to do my books but I cant get anyone, obviously I would need to be audited now, although there is not much books to do as we d'ont generate a lot of paperwork and theres no VAT involved as we are not registered for it. My dilema now is do I make all these people unemployed, simply because I cant afford to keep to the CRO rules, I've just about managed to keep the business afloat to date but I have no real money left over for the accounts, but I could pay someone monthly. I'm sure there are other people out there like me, that just have to let go of their business because they cant afford to keep the paperwork up to date. Today I have no fight left in me, I'm sick of fighting the red tape and feel theres no one to talk to or to turn to for help, I dont think anyone can really offer any advice as I don't think theres much that can be done. Thank you.
My main concern has been to keep everyone employed as best I can which I have done and the staff are lovely people with families to feed which is my main concern as their employer.
I have agreements going with Revenue for money owed and the county Council for rates and I am managing to keep to these agreements and am doing my best to keep all the balls in the air.
My problem is this, I simply cannot afford to keep my accounts up to date although of course I want to, I have explained this to the CRO but they dont want to know and I appreciate its the law completely. Someone rang today from Revenue and said they noticed I was in 'disolved status' and what was I going to do, I explained that I've been ringing around trying to get an accountant to do an agreement with me to do my books but I cant get anyone, obviously I would need to be audited now, although there is not much books to do as we d'ont generate a lot of paperwork and theres no VAT involved as we are not registered for it. My dilema now is do I make all these people unemployed, simply because I cant afford to keep to the CRO rules, I've just about managed to keep the business afloat to date but I have no real money left over for the accounts, but I could pay someone monthly. I'm sure there are other people out there like me, that just have to let go of their business because they cant afford to keep the paperwork up to date. Today I have no fight left in me, I'm sick of fighting the red tape and feel theres no one to talk to or to turn to for help, I dont think anyone can really offer any advice as I don't think theres much that can be done. Thank you.