Wonder if anyone could offer advice:
Took on a self employed individual to submit their tax return. They were self employed between April 2017 and mid-June 2017 - they have bank statements and evidence and it's easy to compile these accounts for this period. They then went Limited - I assumed they would be paid through the limited company, again no problem!
The issue is upon reviewing the information they're withdrawing money/transferring money willy-nilly in the exact same fashion as they did when they were self employed - from reviewing a few months of this this is well over 2.5k a month.
This is going to cause huge issues for whoever then needs to compile their Limited Company accounts (it won't be me) - I can only imagine it will have to go to the DLA Account but then what's done with that? Other than that, claim it was a salary but what about RTIs? No recorded dividends and no allowances for CT etc
My question is this and my responsibiliy to submit their personal tax return - do I treat this as employment and record the money recieved and show zero tax paid on it and leave it to be sorted by whoever is unfortunate enough to take on his limited company accounts? What are my options without knowing what the future treatment will be in the limited company accounts.
At this point I'd happily give the whole lot back and take nothing to do with it!
Any offer any advise on this?