Accountant and Tax consultant needed for my books?

Cook_County

Mandles wrote: »

Because my OH thinks that if you have messed up and lost most reciepts then it is best just to bury your head in the sand and put all threatening letters in a draw as that will makes it all disappear!:mad:..Lucky i love him !

Sounds like it is a lucky draw then; just stop him using your drawers in future!:rotfl:

3plus1

Mandles wrote: »

I dont think you need an accountant necessarily if your books are ok. It is my OH's company and being a typical bloke files reciepts in all sorts of strange places like jeans , which get washed, or in cars on the floor, that is why they are in a mess(thus the mess for early years). I have done the current year and chased up every reciept as it is spent and have kept simple up to date books with vt+ and books tally perfectly and i have done most of the reports myself so no i would not rethink my advice earlier about not needing an accountant unless you have a OH that can't put reciepts in a box marked reciepts! Also the other business was also very small and i don't know why but i felt like it was a woman poster and i know it is not 100% true but usually they are more organised.;)

Filing returns for a limited company is more than just adding up though... You want to start with the accounts, then arrive at a tax adjusted profit/loss. People pay tax consultants because they have an excellent working knowledge of what expenses are allowable, disallowable, what level of capital allowances you can claim on assets, etc.

If HMRC have opened an enquiry into your OH's business and you don't know exactly what to do in order to get the enquiry shut down, then yes, you should be calling in a qualified accountant and/or tax specialist for advice!