• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

appealing tax calculations?

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    appealing tax calculations?

    I have a feeling my accountant is a bit of a HMRC sympathiser and is going to cost me a lot of tax I could legally avoid. Are there ways one can ask HMRC to recalculate?

    #2
    You can submit amended accounts after the fact if you find things that have been omitted or miscalculated, although it's obviously not going to look great on your record that you've done so.

    You'd be better to find a new accountant if you don't trust him, do your own research so you can question him if you do decide to stay, or get another expert to review the accounts before they are signed off.
    ContractorUK Best Forum Adviser 2013

    Comment


      #3
      Originally posted by Jeystone View Post
      I have a feeling my accountant is a bit of a HMRC sympathiser and is going to cost me a lot of tax I could legally avoid. Are there ways one can ask HMRC to recalculate?
      Jeez. You are seriously going to have to wake up and smell the coffee if you are going to get much past this phase.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        As I keep saying, use an accountant by all means but always find out things for yourself too so you can keep a check. Some accountants are good but some are bloody awful and are reactive rather than proactive, they don't tell anything you unless you ask a question.

        Start points:

        http://www.hmrc.gov.uk/guidance/480.pdf
        HM Revenue & Customs: Expenses and benefits A to Z
        http://www.uktaxcalculators.co.uk/
        Last edited by xoggoth; 10 October 2011, 19:24.
        bloggoth

        If everything isn't black and white, I say, 'Why the hell not?'
        John Wayne (My guru, not to be confused with my beloved prophet Jeremy Clarkson)

        Comment


          #5
          Originally posted by Jeystone View Post
          I have a feeling my accountant is a bit of a HMRC sympathiser and is going to cost me a lot of tax I could legally avoid. Are there ways one can ask HMRC to recalculate?
          Why do you say that? What has given you that impression?

          Comment


            #6
            Accountant has a t-shirt that says "I heart hector".

            Comment


              #7
              Originally posted by Sockpuppet View Post
              Accountant has a t-shirt that says "I heart hector".
              Or a picture of a donkey with a purple towel on it saying 'HMRC are ACE!'
              'CUK forum personality of 2011 - Winner - Yes really!!!!

              Comment


                #8
                Originally posted by northernladuk View Post
                Jeez. You are seriously going to have to wake up and smell the coffee if you are going to get much past this phase.
                by sympathizer I mean doesn't seem to be interested in setting up the best structure for me and my business..She failed to mention that dividends could be taken monthly and set me up PAYE, so now I am paying 3 different flavours of tax leaving me with....fck all

                Comment


                  #9
                  Originally posted by Jeystone View Post
                  by sympathizer I mean doesn't seem to be interested in setting up the best structure for me and my business..She failed to mention that dividends could be taken monthly and set me up PAYE, so now I am paying 3 different flavours of tax leaving me with....fck all
                  ******* get rid then. We have told you enough times. Sort yourself out for christs sake. If you are not going to help yourself the board will not be sympathetic that is for sure.
                  'CUK forum personality of 2011 - Winner - Yes really!!!!

                  Comment


                    #10
                    edumicate yourself.

                    start here:

                    Company Tax Advice: Dividends vs Bonus vs Salary

                    Comment

                    Working...
                    X