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P11D vs Accountant

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    #41
    Originally posted by sidknows View Post
    I'm not sure if we have had the answer to this but do accountants not provide a minutes of meeting and a dividend voucher

    Surely this is juts a case a running it from an accountancy software

    In addition , if I was paying 95 quid a month , I would expect this
    What would be the point of getting an accountant , if I was'nt get some tax planning advice at the minimum once every three months at least

    ps as a aoctractor 1500 - 2300 is way too much
    Some do some don't. The link I posted earlier had some templates I think. If not do a search here for dividend voucher and you will find one. In the past my accountants have produced them for me. Now I do them myself and send a copy to accountants. It's really very simple. You just have to replace the date and amount each time.

    I currently pay £850 (inl. VAT) for accountants who do all I need.

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      #42
      Blimey. I'm less clear now than I was before

      So, for the 10 mostly identical, regular payments that I made in 07/08 is it worth me doing the paperwork still? And do I have to do one set for each?

      Thankfully I haven't paid myself one yet in this year, so I will get it right from the start this time.

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        #43
        Originally posted by Gros View Post
        Blimey. I'm less clear now than I was before

        So, for the 10 mostly identical, regular payments that I made in 07/08 is it worth me doing the paperwork still? And do I have to do one set for each?

        Thankfully I haven't paid myself one yet in this year, so I will get it right from the start this time.
        You could theoretically argue that every time you made a dividend payment, you made a conscious decision to pay a dividend and given that you are the sole director (?), that decision constituted a quorate director's meeting. You could therefore minute today the meetings that took place on each of those occasions.

        That's probably your best bet although it's not the most robust line of argument I've ever heard.

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          #44
          Originally posted by sidknows View Post
          I'm not sure if we have had the answer to this but do accountants not provide a minutes of meeting and a dividend voucher
          I would have thought that the minutes of the meeting declaring the dividend have to be signed by a Director or the Co Sec. If the accountant does this on your behalf does that not put you into the MSC realm?

          MyCo's accountant provided a template word doc for the dividend meeting minutes, I just amend that, sign it and send it to them.

          I have no idea if they produce a dividend voucher from that, but then they do my personal tax too so I would have no need to see it.

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