Interviewing a potential new client it was discovered that for three years the income and expenditure relating to three properties was reported in a company whereas the properties and mortgages were in the directors name. Small losses in both years which could have been offset against sch E income. What are the ramifications of restating?The losses are about £11000. Any suggestions
Simon Charing
Simon Charing
25th Nov 2005
0
Can we go back
Can we go back