Client with a history of head in the sand. Accounts almost a year late and now just waiting for credit card statements to finalise. Thought we had finally made progress when I was forwarded a webchat with bank that said credit card statenents would be sent, but have been informed today that bank still havent sent them and client doesnt know what to do.
In the meantime Co House has issued a demand for accounts to be sent in or company will be closed. Can I ignore and just finalise accounts without, with a white space declaration to HMRC? I'm concious that the accounts won't be a true reflection but unsure how to proceed otherwise.
Replies (17)
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He can set up a login online and extract credit card statements that way.
Otherwise, you could use expense receipts, prior statements and payments from bank in following months to work out balance.
Some banks only have the prior 12 months of credit card statements available online though. If you want to go back any further, you have to get them sent.
Hiya John!
I can go back to 2014 online for credit cards with that bank.
Other option, per your comment below, tell him not use webchat where he will expect follow up. Tell him to phone the number on the back of his card and ask for copies. They will charge, but they will actually post them out. No covid excuses. They have a team of 200+ staff in each of the 2 card departments, some working from home some in, so no excuses.
HTH
If he can’t prove they were business expenses then book to the DLA. Or take a view based on your knowledge of the client and prior years - some clients only use their CC for travel, others only for personal expenses!
Agree - he makes some effort or accepts all the charges are his.
Problem solved.
And, with a bit of luck, a nudge towards better record keeping in future when he finds out how much tax relief he's magically changed into an s455 charge.
I wonder if that is why he cant get them.
he knows half of it is his holiday and the other half Xmas.
If you tell Co Hse difficulties whilst he will not escape their late filing penalties they are unlikely to do anything nasty to the company, at least for a while.
Ah the classic, 'I have chucked away all my paperwork and cant be bothered to chase very hard for copies'.
Client needs to phone the bank like a big boy or girl and stop acting like a baby..
I once had an audit (a nightclub) where we were told that a disgruntled ex manager had thrown various diaries etc detailing/listing events/private bookings etc into the Firth of Forth and so we had no idea if all the sales were recorded as there was now no decent record detailing on which days the premises had been open. (late 1980s when cash was pretty much the only type of receipt)
I once had an audit (a nightclub) where we were told that a disgruntled ex manager had thrown various diaries etc detailing/listing events/private bookings etc into the Firth of Forth and so we had no idea if all the sales were recorded as there was now no decent record detailing on which days the premises had been open. (late 1980s when cash was pretty much the only type of receipt)
At least you knew where they were.
To be fair this is a simple case of client leaving everything to last minute....
No - to be fair, it's way beyond last minute. The accounts are a year overdue.