Where do people find these clients? I'm either very lucky or my first discussions with new clients lay down non-negotiable ground rules.
Looks like a nightmare scenario that's almost certainly not going to end well. Solicitors spend a lot of their time defending the indefensible providing they get paid up front and take instructions however misguided.
I don't think accountant/client relationships work the same way - certainly I wouldn't take the sort of instructions that your client seems to be wanting you to take.
There might be some fall-out but I'd disengage now and subject to monies outstanding walk away with the reason that you can't fight a case that you believe is unwinnable.
His M.E. will hopefully prevent him from fighting you as well as HMRC. If he's going to fight you as well you may as well get the aggravation over and done with.
My first concern would be to make sure you're not going to lose out as far as fees are concerned. Are we talking about narcissistic personality disorder by any chance? If so, it's only a matter of time before you become the subject of his wrath. I'd disengage in a flash if it was me.
Kent accountant wrote:
All done, finished the whole lot.
122 return submitted today.
Your bank manager will be happy next month.
Yes, you're right about the correct treatment and the 18 month limit and for which I'm not sure of the reason.
That said I've submitted a 23 month accounting period (on a change of accounting date) on a couple of occasions and got away with it both with HMRC and with my software which didn't reject it.
Don't understand the question but I've always questioned HMRC's obsession with IR35.
If dividends are to be reclassified as deemed remuneration, then by definition the CT liability will be reduced and a PAYE & NI liability be created.
This will mean an amended personal tax return of the shareholder and presumably an overpayment of dividend tax.
If I was HMRC I know who I'd prefer to be chasing for money - an individual all of whom's assets are at risk or a limited company that could be here today and gone tomorrow. The company liability could make the company insolvent and the directors would be duty bound to wind it up.
Don't know whether it's true, but it is true that H & R Block tried many years ago to break into the UK market and failed miserably.
We mustn't forget also that NatWest bank tried to muscle into the business and despite their inflated fees also withdrew - I picked up a couple of clients from them.
I wouldn't want the sort of clients that buy their tax expertise from a grocer or a bank in the same way that I don't buy insurance from a bank.
You're just a youngster DJKL. I was brought up on the Companies Act 1948 (with its famed Table A).
Answer 1 - Excellent
Answer 2 - Agree
Are you sure Matrix? My Moneysoft says that they're due on or after 5 April. Like the OP I've never known when to do these but am playing safe by submitting them all on the 5th or 6th of April (subject to HMRC systems not being down).