Client was incorporated by previous accountant and as a result of the incorporation, had a credit balance on DLA of 30K.
For the past 2 years, client has taken a minimum salary (NI threshold) and 5K dividends in 2017-18, reducing to 2K in 2018-19. Further extractions from the company have come off the DLA balance, at client's request as "why should I be taxed on salary / dividends when I'm owed money from the company". Fine.
Now, she wants a mortgage and has discovered that I was right when I told her that most lenders will not take DLA draw downs as income.
Client now very unhappy that she cannot seem to obtain a mortgage.
No you cannot re-write history and no you cannot have your cake and eat it - duckwit.
Client has pestered me all morning about urgently sending accounts and various summaries as client is meeting a mortgage adviser this morning. First I know of this is at 9:30am with client ringing incessantly! Urgent urgent urgent!
Now I get a phone call while client is sat with the mortgage adviser. "Here, the mortgage lady wants to speak to you".
Mortgage adviser suggested that projections for the next 12 months may help if needed - ok fair enough.
20 minutes later, client rings and says "so have you sent those projections over yet"!
I'm sure you can guess the answer that was given.
Unbelievable. Blood pressure high once again.
Apologies, just wanted to vent.