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Thank you all - that is very helpful. I'm changing accountants asap but just had to make sure I was doing the right thing before the end of the FY (for stress levels, my business and finances).
Mucho gracias!
Ok so following good advice here and my own nervousness...
I will probably just make the full annual allowance contribution to my SIPP (from employer contributions) this FY. I will carry the loss back to last year (where there was more than enough profit to cover).
Does that sounds sensible...
Thank you for your help with this.
I have had a long conversation with my accountants supervisor just now who tells me
-Because the employer pension contribution this year has created a (£20k) loss this year HMRC may view the contribution as excessive and investigate
-If I make an employer...
Thank you so much. That is really helpful.
I have asked pretty clear questions of the accountant but get statements back that make no sense. I have asked to be allocated someone else in the firm today and will ask those very clear questions.
I am in the process of deciding what to do with my limited company but will not be continuing with the current accountants... Who claim to be contractor specialists :-(
I knew he was talking nonsense about the employer pension contributions - it makes no sense.
I have also never heard anyone...
I wish I knew about this forum a few years ago - I am totally new to the forum so apologies if I have got a few things wrong here...
I have been a little passive and assumed my accountants were on the ball with their advice. I have asked multiple questions and am only now realising they may not...