I have just taken over two companies' accounts as their accountant has retired. One of the individuals is a director for both companies (but not sole director).
The issue is that the previous accountant has been reporting dividends received based on the companies' financial years (June and January), rather than those received by the directors in the tax year. Should this be reported to HMRC? Should the 2018 returns be amended or do I just include any unreported dividends in the 2019 returns and bring them up-to-date to the tax year, 5 April? This has been done like this for years!
Advice would be appreciated and thank you in advance.