Reply to: Getting advice from your accountant

[wantacontract]

my accountant never offers anything, I had to prod him with information..such as

Me - I am closing my company, i got a stash there I want to get out..
Accountat - just make it dormant and leave the money there...

Me - no, I want the money, whats the best way to take it out...
Accountant - ...

Me - hello ...
Accountant ...

Me - Are you going to apply for the entrepneurs relief?
Accountant - so you know about that then....okay...let me get my book out...
Me -

[BlasterBates]

Think about it common sense.

1. You can increase your dividends
2. You can loan yourself the money (but doesn't really get the money out).
3. You can close the company and liquidate.
4. You can give yourself a salary raise (subject to HR and Shareholders approval).
5. You could make yourself redundant.

I don't think a 10 minute conversation is going to give you a quick answer here, on which is the most tax efficient.

You really need I think on this one to ask and pay for some "consultancy" from your accountant, or another one.

I don't think there is like a "back door" here.

[BlackenedBiker]

Whats wrong with tomorrow?

Nothing better than the crappy answer he gave me today

[Andy2]

My accountant says yes to every question I ask
I think he is not bothered if I go to jail

[cailin maith]

Good advice: I have suggested that a phonecall might be better and we are talking tomorrow.

Whats wrong with tomorrow?

[VectraMan]

I keep trying to talk to my accountant about how best to take money out of the business.

I usually use online banking, but you could try a cheque.

HTH.

[norrahe]

Mine is a pain regarding pensions and investments.

He referred me to his rather helpful IFA who when asked about investing suggested setting up an ISA.....................

This is also the same IFA who couldn't get me a decent deal on a mortgage to save his life.

[singhr]

They are a cagey lot. Mine wont respond to the hypothetical question 'How can I evade tax?' but will if I ask 'How are other people evading tax?'

[BlackenedBiker]

Maybe they're reluctant to put anything in writing.

If I had any reason to ask my accountant for advice which might even conceivably be detrimental to, say, HMR&C, or remotely contrary to accountancy practices for them to raise, (but potentially beneficial to me) I'd try arranging a phone call with them so there is no official record of it.

Good advice: I have suggested that a phonecall might be better and we are talking tomorrow.

[OwlHoot]

Is this impossible for anyone else.

I keep trying to talk to my accountant about how best to take money out of the business. To no avail.

What to do????

Maybe they're reluctant to put anything in writing.

If I had any reason to ask my accountant for advice which might even conceivably be detrimental to, say, HMR&C, or remotely contrary to accountancy practices for them to raise, (but potentially beneficial to me) I'd try arranging a phone call with them so there is no official record of it.

[thunderlizard]

My accountant gave me 2 or 3 options.

That's his job, after all...

My accountant is great at that. If I call to ask whether I should do x or y, she'll say either is fine and maybe I should also consider z.

[Iron Condor]

Why, are you saying it isn't hard for you?

First use google and if that fails.

Post your questions in the CUK Accounts forum.

If that fails then try your accountant.

Thats what i do.

[cojak]

My accountant gave me 2 or 3 options.

That's his job, after all...

[BlackenedBiker]

Get yerself another accountant.

Next!

Why, are you saying it isn't hard for you?

[cojak]

Get yerself another accountant.

Next!