I am sure. No limited company. I have the tax computation sheets for last year from the accountant, a copy of the SA tax return, including the self-employment pages completed by the accountant, and every possible invoice I could ask for (but I don't particularly want to go through them). I may have to suggest he bites the bullet one more year, but this time asks questions instead of just collecting the books.
I'm doing something because he is my friend... and wants to know if he needs an accountant for the year just ending or not. He thought he did because he thought he still owed money somewhere, and the accountant fee was going to take a lot of what he'd earned. I'm not claiming the accountant did anything wrong, just that there was a communication glitch and lack of understanding.
Thanks for the mention of the balancing allowance/charge. That may tip the balance in terms of needing one. :-(
"change the mindset" - yep, working on it. I think light is dawning.
Of the school "I give them the stuff, they sort it out - I don't know how or why" and in this case, ignorance was not bliss. :-)
Thank you, everyone (sincerely).
I have just rung him and told him if he *wants* to keep working, no-one is stopping him but he definitely doesn't *have* to.
I just wanted to be 100% sure that I was right. As I'm not an accountant, I didn't want to say to him "Don't worry, your accountant has just made a mess of things" if there *was* something to worry about. He has been worrying - a lot.
I'm happy if my assumptions are right - that there is nothing to worry about. :-)
I will just not put WDA through this year. (If he has to pay an accountant for another year, most of what he did last year will go to pay that bill...)
Sorry for long-windedness... I read repeatedly "Give all the information". :-)
Yes, the credit card bill has been paid.
I agree - can't have liabilities to yourself. Surprised the accountant did it this way.
What about the WDA? Can I just ignore it as it's been (probably) at least 5 years anyway?
@ johngroganjga ... that was really my question. Does it matter?
@ JCresswellTax ... don't think so. One was his and I know he dissolved it. Just didn't expect to see him listed (was thinking of adding him as a Director to my company, which is why I was looking). The other I believe the guy who founded it is now deceased... I'd have to ask my son for details. Maybe the error is with the website.
@ bernard michael Yes, that was my thought.
Sounds as if it doesn't matter, so I'll leave well enough alone.
As is often the case, I think the penny has dropped in explaining it to others...
When I raise the invoice, I will have an "income" of 100 in 4200... but as this is something I already own, the journal entry will clear it. Is this right?
My answers
OK. Sorry. Message understood... leaving the forum.
I am sure. No limited company. I have the tax computation sheets for last year from the accountant, a copy of the SA tax return, including the self-employment pages completed by the accountant, and every possible invoice I could ask for (but I don't particularly want to go through them). I may have to suggest he bites the bullet one more year, but this time asks questions instead of just collecting the books.
I'm doing something because he is my friend... and wants to know if he needs an accountant for the year just ending or not. He thought he did because he thought he still owed money somewhere, and the accountant fee was going to take a lot of what he'd earned. I'm not claiming the accountant did anything wrong, just that there was a communication glitch and lack of understanding.
Thanks for the mention of the balancing allowance/charge. That may tip the balance in terms of needing one. :-(
"change the mindset" - yep, working on it. I think light is dawning.
Of the school "I give them the stuff, they sort it out - I don't know how or why" and in this case, ignorance was not bliss. :-)
Thank you, everyone (sincerely).
I have just rung him and told him if he *wants* to keep working, no-one is stopping him but he definitely doesn't *have* to.
I just wanted to be 100% sure that I was right. As I'm not an accountant, I didn't want to say to him "Don't worry, your accountant has just made a mess of things" if there *was* something to worry about. He has been worrying - a lot.
I'm happy if my assumptions are right - that there is nothing to worry about. :-)
I will just not put WDA through this year. (If he has to pay an accountant for another year, most of what he did last year will go to pay that bill...)
Appeared twice :-)
Sorry for long-windedness... I read repeatedly "Give all the information". :-)
Yes, the credit card bill has been paid.
I agree - can't have liabilities to yourself. Surprised the accountant did it this way.
What about the WDA? Can I just ignore it as it's been (probably) at least 5 years anyway?
@ johngroganjga ... that was really my question. Does it matter?
@ JCresswellTax ... don't think so. One was his and I know he dissolved it. Just didn't expect to see him listed (was thinking of adding him as a Director to my company, which is why I was looking). The other I believe the guy who founded it is now deceased... I'd have to ask my son for details. Maybe the error is with the website.
@ bernard michael Yes, that was my thought.
Sounds as if it doesn't matter, so I'll leave well enough alone.
Thanks all.
In this case, it's a laptop... so the answer is Yes (as I thought) - thank you. :-)
As is often the case, I think the penny has dropped in explaining it to others...
When I raise the invoice, I will have an "income" of 100 in 4200... but as this is something I already own, the journal entry will clear it. Is this right?