Dodgy accountant

[ASB]

what's wrong with this ? My accountant also advises me to charge about one third rent for home office. Is that wrong ?

Charging rent of itself may or may not be a problem depending on the views of your accountant and the circumstance.

But, I was referring to the rent a room schme. This is a system where you make up to about 3600 a year in rental income on your property without declaring to the tax man. You can't claim any other expenses. Unfortunaltey this is only valid in a residential scenario (which accountant 2 had failed to realise).

Generally there is likely to be little use claiming rent from your company for the use of a home office because:-

a) It reduces the company profit and saves tax at 19%
b) It increases your schedule A income by the same amount and is taxed at either 22 or 40%.

In the case of a rented property I think it would be different.

[lamboman]

I am sending Simon an email now and will keep this post updated.

My colleagues use other accountants at SJD and don't seem to be having any problems, so do not take this as an overall opinion of SJD just yet!

Thanks

[malvolio]

Hi lamboman,

It would be great if you can post the outcome of your conversation with Simon@sjdaccountancy.com. I am currently in the process of finalising my accountant between SJD & Nixon Williams, I wanted to be sure I am joining the right people.

It will be really helpful if you can post the outcome in the forum.

Cheers

He won't, 1 gets you 10 he's not a real person with a real question...

[MarillionFan]

If it's Highfield Strand. It's because they can't be arsed to do a proper job.

[THEPUMA]

Lamboman/Simon

It's all gone a bit quiet. Can we assume that Lamboman was a figment of someone's imagination?

[lamboman]

Lamboman/Simon

It's all gone a bit quiet. Can we assume that Lamboman was a figment of someone's imagination?

No, I am real. I am in communication with Simon right now but I do not have a positive outcome as yet.

[portseven]

I am currently in the process of finalising my accountant between SJD & Nixon Williams

Not that it's any help but I had a similar response to a similar question from Nixon a few years ago when I was with them. Maybe I got them on busy days....

I am going Ltd again later this year and I am under orders from the Mrs not to use Nixon.

[lamboman]

OK here's an update as promised:

Simon has kindly put me in touch with another accountant at SJD who will be managing my account.

I will continue to use SJD and hope that everything will go smoothly from now on.

Thanks

[simondolan]

Hardly a balanced nor representative view of the situation was it?

As you brought this into a public forum I think I have the right of redress.

You complained that your account manager had not answered your queries, and yet I quite clearly pointed out to you exactly when and how she had replied, and sent you the emails. I also pointed out to you that as you expressly told us you would not accept any telephone calls from us because you were too busy at work it can make communication difficult on some points.

I reiterated the answers to your queries again yesterday and asked whether you now understood, or whether there was anything I could add. You did not acknowledge this, and simply wanted me to give you another accountant, which I did.

OK here's an update as promised:

Simon has kindly put me in touch with another accountant at SJD who will be managing my account.

I will continue to use SJD and hope that everything will go smoothly from now on.

Thanks

[MarillionFan]

SJD. Shame on you again for poor service and ignoring customers.