I have provided a schedule showing the breakdown showing accounts year to tax year for sales, net profit, salary and dividends and clearly show these agreeing to the SA302 equivalents for each tax year. To add insult to injury they will not accept dividends from retained profits so if the net profit in one year is lower than the dividends taken they reduce your income to the net profit regardless of what the SA302 shows.
It's the strange look you get when they realise your accounts year is not the same as the tax year. I can think of very few clients with an accounts year of 5 April and certainly no company clients.
We will wait and see but he only had 4 boxes for each tax year to fill in so I don't hold out too much hope.
As suggested by fellow Awebbers I resent my tax calculations from TaxFiler together with the link to the list of lenders who signed up to accept figures from third party commercial tax software. After a few phone calls to head office and scratching of heads over what it meant they finally accepted the calculations in lieu of the SA302s.
I prepared my accounts to 31 December 2017 and got an accountants certificate signed off by an accountant friend which was duly rejected because even though she was only extracting 5 figures from the accounts across the years she hadn't actually prepared the accounts. The phrase 'I'm an accountant' was becoming tiresome.
Anyway, decided they didn't need the accountants certificate but would need the statutory accounts to 31 December restating into tax years to match the tax calculations!
So spent time doing that.
Its a shame this exercise is all about filling in boxes and there is a lack of comprehension. All they keep saying is 'we haven't dealt with anything like this before'.
Anyway, will wait and see what they come back with. No doubt it will be 'Computer says no'.
Have any other accountants had these sort of problems?
I will go back to him and share the link to the document that shows Santander should accept the TF calculation.
It is so frustrating and means that after all the joys of January and looking forward to a relaxing weekend I am faced with having to prepare my accounts to 31 December 2017 just to satisfy the muppet. I know 4 weeks after the year end and still not prepared - must be slipping!
Personally, I find it appalling that these sorts of PMs are sent at all. If it is undirected spam then that is one thing but if intentionally sent that is another. I have always found the advice you and many others have given on these forums to be practical and sound - perhaps some people are too sensitive when they don't get the answer or support they want?
We thought we were designing a forum for professionals with a bit of decorum. Experience has shown that is not always the case, so we will add it to our list of priorities.
On the basis of that remark I won't be showing them.
AW have fixed the two publicly discussed methods but there are more ways and you can STILL find the real username of an anonymous poster if you so wish.
So if you don't want your real username to be revealed I would not post as anonymous.
My answers
I have provided a schedule showing the breakdown showing accounts year to tax year for sales, net profit, salary and dividends and clearly show these agreeing to the SA302 equivalents for each tax year. To add insult to injury they will not accept dividends from retained profits so if the net profit in one year is lower than the dividends taken they reduce your income to the net profit regardless of what the SA302 shows.
It's the strange look you get when they realise your accounts year is not the same as the tax year. I can think of very few clients with an accounts year of 5 April and certainly no company clients.
We will wait and see but he only had 4 boxes for each tax year to fill in so I don't hold out too much hope.
A little bit of an update.
As suggested by fellow Awebbers I resent my tax calculations from TaxFiler together with the link to the list of lenders who signed up to accept figures from third party commercial tax software. After a few phone calls to head office and scratching of heads over what it meant they finally accepted the calculations in lieu of the SA302s.
I prepared my accounts to 31 December 2017 and got an accountants certificate signed off by an accountant friend which was duly rejected because even though she was only extracting 5 figures from the accounts across the years she hadn't actually prepared the accounts. The phrase 'I'm an accountant' was becoming tiresome.
Anyway, decided they didn't need the accountants certificate but would need the statutory accounts to 31 December restating into tax years to match the tax calculations!
So spent time doing that.
Its a shame this exercise is all about filling in boxes and there is a lack of comprehension. All they keep saying is 'we haven't dealt with anything like this before'.
Anyway, will wait and see what they come back with. No doubt it will be 'Computer says no'.
Have any other accountants had these sort of problems?
Mark
Thank you all for your replies.
I will go back to him and share the link to the document that shows Santander should accept the TF calculation.
It is so frustrating and means that after all the joys of January and looking forward to a relaxing weekend I am faced with having to prepare my accounts to 31 December 2017 just to satisfy the muppet. I know 4 weeks after the year end and still not prepared - must be slipping!
I will let you know how I get on :(
Mark
Thank you. I have a copy of v18 so will give that a try.
I could ask the client for the printouts but I would prefer to print out what I require myself, but of course as a last resort might have to do that.
Personally, I find it appalling that these sorts of PMs are sent at all. If it is undirected spam then that is one thing but if intentionally sent that is another. I have always found the advice you and many others have given on these forums to be practical and sound - perhaps some people are too sensitive when they don't get the answer or support they want?
Mark
Thank you both for your replies - I suspected that I should report to the practice MLRO but thought it would be wise to canvass opinion.
I have checked the subcontractor agreement and no mention is made of MLR. Perhaps this is something which should be incorporated?
Thanks again
Mark
I would recommend a look at Taxfiler
I can't. I am a professional with decorum. Oh hang on those don't exist do they according to AW. Maybe I can!
On a serious note there is no point publishing more flaws. They exist and unfortunately AW need to so some thorough testing and debugging.
On the basis of that remark I won't be showing them.
There are more than two ways.
AW have fixed the two publicly discussed methods but there are more ways and you can STILL find the real username of an anonymous poster if you so wish.
So if you don't want your real username to be revealed I would not post as anonymous.