Ignoring someone like you would be even more blissful.
I just learned that many accountants on here aren’t actually respectful people. You make numbers up that didn’t actually happen and tweak away. It was a straighforward question more to do with honesty but no it depends on blah blah blah blah.
Thanks to those who gave a straight answer.
Disappointed at the quality of Accountingweb members. Get over yourselves.
What I meant by “declare” was to put in the corporation tax return that director’s pay was £9k instead of the actual £6k I paid myself (which I carefully recorded throughout the financial year in question).
Apologies, you probably replied before I edited my reply above... I have no other jobs and I’m not sure what objectives I should have. I’m simply wondering why an accountant would tell me to put in my c orp tax return that I paid myself £9k when
I only had records that I paid myself £6k for that previous year. Moving forward, makes sense. Retrospectively, it doesn’t.
HMRC says register for PAYE unless the salary is less than £120 a week (and other criteria that I don’t meet- no second job). I’m confused as to why I would retrospectively declare paying myself £9k pa (PAYE reg required) and be liable for penalties. I’m sure it’s sound moving forward, but is it sound advice retrospectively? That was my question. I wasn’t questioning the basis of his advice but more so the observance of the rules. Is HMRC not strict on this rule? Is this what I’m missing here?
I’m sure the accountant was looking out for the best tax position for the company but it was odd to suggest something that required PAYE reports for the previous year when I wasn’t rgistered.
My answers
Ignoring someone like you would be even more blissful.
I just learned that many accountants on here aren’t actually respectful people. You make numbers up that didn’t actually happen and tweak away. It was a straighforward question more to do with honesty but no it depends on blah blah blah blah.
Thanks to those who gave a straight answer.
Disappointed at the quality of Accountingweb members. Get over yourselves.
Youareatit.
Quite meaning to the utmost or most absolute extent or degree; absolutely; completely.
So Since I respect people, I said you were “quite helpful”
Free info???? Hardly. Having to endure rudeness!!! Keep your free knowledge and learn respect and English too while you’re at it..
Cheers you’ve been quite helpful. Appreciate your time..
Thank you for this. I have more info to investigate further.
What I meant by “declare” was to put in the corporation tax return that director’s pay was £9k instead of the actual £6k I paid myself (which I carefully recorded throughout the financial year in question).
Apologies, you probably replied before I edited my reply above... I have no other jobs and I’m not sure what objectives I should have. I’m simply wondering why an accountant would tell me to put in my c orp tax return that I paid myself £9k when
I only had records that I paid myself £6k for that previous year. Moving forward, makes sense. Retrospectively, it doesn’t.
HMRC says register for PAYE unless the salary is less than £120 a week (and other criteria that I don’t meet- no second job). I’m confused as to why I would retrospectively declare paying myself £9k pa (PAYE reg required) and be liable for penalties. I’m sure it’s sound moving forward, but is it sound advice retrospectively? That was my question. I wasn’t questioning the basis of his advice but more so the observance of the rules. Is HMRC not strict on this rule? Is this what I’m missing here?
I’m sure the accountant was looking out for the best tax position for the company but it was odd to suggest something that required PAYE reports for the previous year when I wasn’t rgistered.
Thanks again.
Thanks so much.... as a non-accountant, I am gathering info on what is the “done thing” in the industry. Thanks again