New client, awful quality from outgoing accountant
Have just taken on a new small limited company client.
On handover, old accountant has included expensive personal car as a company asset and a personal bank account as a company one.
My confidence in the rest of the numbers as such that I want to tell the client the previous year's accounts will need to be done again from scratch. Not a great start to what I hope will be an enduring relationship.
When have you said, 'Last year's accounts will have to be redone' or alternatively, do you think I am over-reacting?
- Director owns 47% of shares in company A and 100% of shares in Company B. Is Company B a participator in Company A for S455 purposes? 194 2
- Stumped - IHT 347 6
- Entrepreneur relief and deduction of Amortisation of Goodwill Pre2002 117 4
- Taxation of sinking fund contributions 386 5
- No PAYE Registration but need auto enrolment 524 12
- Incorporate to utilise dividend allowance next year? 503 9
- Transferring DLA between Directors 296 3
- Company restructure - Share valuation, ERS and PAYE 125 2
- FHLs and Entrepreneurs Relief 108 1
- Creative Auto Enrolment 818 12
- HMRC now overriding SA bank repayment details on tax returns 1,384 35
- New LLP, basis of assessment and which boxes to complete? 122 3
- Rental losses on jointly owned property 259 4
- True Potential AE 277 2
- Closing down loss-making company 517 6
- CGT and primary residence 231 2
- Overpaid In Employers NI - RTI EYU for hundreds of employees 332 3
- Private doctors - Ltd company vs partnership 1,250 14
- VAT disaggregation 297 4
- Giving shares away 463 8