We have a number of issues that make us uncomfortable with regard to tax credits as a professional firm.
One area is we have a number of clients, who it is impossible to know there correct income as at 31st January each year.
One is a property client, who it takes a good year after the event to prepare accounts to get a true position of all expenses, a lot of this to do with the mortgages and dates and is no fault of ours or the clients. The other new self-employed clients.
We have noticed a number of clients recently have effectively under-declared there income for 2010 and whilst we write to HMRC TCO and inform them in the past they have said they can not accept these amendments as they are out of date. Any thoughts and solutions around this would be welcome.
- Closing down loss-making company 686 13
- S.455 Tax again 322 5
- Entrepreneur relief and deduction of Amortisation of Goodwill Pre2002 338 14
- Tips on meals 466 4
- co-operatives & Societies 62 1
- Client gets a penalty and being threatening! 585 7
- HMRC having technical difficulties 1,178 20
- Xerocon 2016 1,459 40
- FHLs and Entrepreneurs Relief 186 4
- Website Content 440 6
- Company restructure - Share valuation, ERS and PAYE 179 3
- Directors in dispute 135 1
- Incorporate to utilise dividend allowance next year? 706 12
- Incorporated company charity 142 2
- property capital gains 337 3
- Taxation of sinking fund contributions 440 5
- Overpaid In Employers NI - RTI EYU for hundreds of employees 430 2
- 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? 265 2
- Stumped - IHT 496 6
- No PAYE Registration but need auto enrolment 596 12