What are the risks? | AccountingWEB

What are the risks?

I met a new potential client yesterday who has a one man band limited company. The current accountant does everything, according to the potential client.

He had no accounts, no company documents, no cert of incorporation, no register, no articles, etc, even though his home is the registered office, and he assumes they are all with the accountant. He had never heard of dividend vouchers or Directors Loan account. He doesn't know whether he gets Directors remuneration. He just gets a call from the accountant saying he needs to spend some money!!!!!!

This is so different to our way of doing things so I explained that if he liked the current accountants way of doing things then he wouldn't be very happy with us, but he is keen to find an accountant more local to his home.

I haven't quoted yet because I haven't enough information, but I do wonder if I am wasting my time and the clients money, by insisting everything is done correctly. I meet clients like this quite often and the lack of proper records, documentation, etc. never seems to cause a problem, and some clients think we are being pedantic by insisting on them, so is it worth bothering about for the really small companies?

There are 19 comments. Login or register to view them.

Quick answer---from a

uktaxpal |

I like the way you do business

Moonbeam |
Moonbeam's picture

My way or the highway

taxhound |
taxhound's picture


Flash Gordon |

Thanks Guys ... and Gals

ShirleyM |
ShirleyM's picture

Cutting orders

FirstTab |
FirstTab's picture

Is the client really the problem here?

Paul Scholes |
Paul Scholes's picture

I am with Paul's approach. I

beverly chester |

 I think the circumstances

uktaxpal |

Thanks again everyone

ShirleyM |
ShirleyM's picture

Could we re-write this script

uktaxpal |

maybe the accountant does do everything

Tosie |


Kent accountant |
Kent accountant's picture

Sleeping at night

Captainblack |
Captainblack's picture


davegibson00 |

use common sense

Lancsboy2 |

Definitely not OTT

Jimess |

Welcome Book

Bob Harper |
Bob Harper's picture

Bob H has a good point.  The

Fred Smith |