I have been working on my first return with a new client who runs the Ltd co with his wife.
When I checked companies house however, he is the only shareholder, not his wife, who he thought was a shareholder; she's just a director.
The issue is the previous accountant has not adjusted this or completed a transfer of sorts, but has been splitting dividends 50/50. I presume from my conversation was that the intention was that she should always be a shareholder.
Would it need re-stating all the prior returns as I fear?