Just wondering how my fellow accountants deal with clients who forget to reimburse themselves expenses but still take out dividends that end up with adiditional tax implications
I have a few Ltd sole director clientsthat spend around £8000-£10000 in mileage and we only find out normally when we prepare their accounts yet they seem to declare the dividends but not pay themselve the £8000 or so that is owed. This just increases the amount of dividend tax payable when they could be taking out expenses instead.
Also, they send a whole year of mileage on excel spreadsheets or on paper but often information is missing. Thinking of trying to get them using a mileage app but the trouble maybe getting them to state the reason for the travel. I am not convinced the mileage is correct either and seems inflated. Just trying to figure out the most efficient system trying to deal with business mileage