As previous, insurer lost contact with client due to him moving address, and he was unaware of the existence of the annuity which was created by his company many years before. as a result no SA Tax Returns were submitted in respect of the 17 years payable.
Client is quite frail and had forgotten or was not aware of the existence of the annuity which was created many years earlier when he was in business. Due to him moving address three times, insurer lost touch with him until 2020. If the annuity had been paid each year client would still have been within the basic tax rate threshold
My answers
Daughter is employee of fathers Ltd Co but also does the book-keeping for his sole trader business
Daughter does book-keeping for business and did it by mobile phone transfers out of business
I prepare the annual accounts and Self- Assessment Tax Return
Due to the culprit being proprietors daughter, it is not possible for him to report the matter to the police.
Thank you, your reply gives me some hope
As previous, insurer lost contact with client due to him moving address, and he was unaware of the existence of the annuity which was created by his company many years before. as a result no SA Tax Returns were submitted in respect of the 17 years payable.
Client is quite frail and had forgotten or was not aware of the existence of the annuity which was created many years earlier when he was in business. Due to him moving address three times, insurer lost touch with him until 2020. If the annuity had been paid each year client would still have been within the basic tax rate threshold
Insurer lost contact with client for 17 years, then when contact was made in 2020 they paid each year in one lump sum less 20% tax.
Insurer lost contact with client for 17 years, then when contact was made in 2020 they paid each year in one lump sum less 20% tax.
Treasurer
Be prepared to become a full time unpaid skivvy and become the public enemy No1 to the membership!!!!!!!!!!