I am in the process of changing from Sole Trader to a Limited Company. I have created a new set of Quickfile accounts under a different username for the new company.
I have a Power User subscription on the Sole Trader accounts which is due for renewal in December. I don’t want to renew this, but I will be taking out the subscription on the new set of accounts. I gather I wont be able to access the Sole Trader accounts if I don’t renew as they are currently classed as Large.
My accountant will need to prepare my Self Assessment in January. I have three questions.
Other than downloading the data, is there a way for my accountant to access the old accounts 2 months after the renewal date?
Will the Sole Trader accounts be deleted if I don’t renew and keep them dormant? If so after how long? If I attempt to log in will this keep them as ‘active’?
If they are not deleted, will they be downgraded if dormant after 12 months and be accessible as a free account?