bent accountant


G

Grandad

I have just fired my accountant:
6 months ago I paid him in cash, discharging most of my tax liability.
Last week I contacted him about my final return for this financial year and
he told me I had to pay him an additional £4k over and above the £1.5k I
gave him 6 months ago. I told him he had better look again at his figures.
He came back to me, telling me I only needed to give him an additional £400
and that I had only paid him £600 six months ago.
So a tax liability of £5.5k suddenly drops to £1k, when challenged, which is
£500 less than I paid him in cash, but he still expects me to pay him
another £400!???!!?
Any advice on how to tackle this thief?



--
 
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P

Peter Saxton

I have just fired my accountant:
6 months ago I paid him in cash, discharging most of my tax liability.
Last week I contacted him about my final return for this financial year and
he told me I had to pay him an additional £4k over and above the £1.5k I
gave him 6 months ago. I told him he had better look again at his figures.
He came back to me, telling me I only needed to give him an additional £400
and that I had only paid him £600 six months ago.
So a tax liability of £5.5k suddenly drops to £1k, when challenged, which is
£500 less than I paid him in cash, but he still expects me to pay him
another £400!???!!?
Any advice on how to tackle this thief?
Get another accountant and ask advice on what to do. The new
accountant can ask for information from the old accountant and explain
what is wrong.
 
D

DoobieDo

Grandad said:
I have just fired my accountant:
6 months ago I paid him in cash,
There's your problem. People who deal in cash deserve everything they try to
get away with...
 
N

Nogood Boyo

I have just fired my accountant:
6 months ago I paid him in cash, discharging most of my tax liability.
Last week I contacted him about my final return for this financial year and
he told me I had to pay him an additional £4k over and above the £1.5k I
gave him 6 months ago. I told him he had better look again at his figures.
He came back to me, telling me I only needed to give him an additional £400
and that I had only paid him £600 six months ago.
So a tax liability of £5.5k suddenly drops to £1k, when challenged, which is
£500 less than I paid him in cash, but he still expects me to pay him
another £400!???!!?
Any advice on how to tackle this thief?
Show him your receipt for £1.5k.
 
K

Keith

You got a receipt, of course?

You got a receipt of course?
Get another accountant and ask advice on what to do. The new
accountant can ask for information from the old accountant and explain
what is wrong.

No.

Engage brain -firstly don't give money to *anyone* without a receipt.

Let's try and emphasise a prime tenet -

PAYING CASH ? GET A RECEIPT

Your new accountant, whilst 'asking' for information' is impotent. No
(existing) accountant is going to give your historical data to another
'firm' prior to you settling their outstanding bills. I believe it's
called a 'clearance certificate' - but I'm sure Peter can correct me if
I'm wrong. Not that it makes a lot of difference what it's,called - the
guy can refuse and you've no comeback.

'One Man Band' accountants are going bust/ being 'absorbed'. No-one in
this profession - as a single practitioner - can keep up with the
regulation/statutory demands required of them. It's a no-brainer to
consider, they spend half a year learning/getting 'credits' and find
what they;d learned three months earlier is out of date !

So, if you need practical help employ a bookkeeper, if you need
technical advice go to a 20-person partnership. Stop wibbling about 400
sovs - it's peanuts compared to what it would cost you for an IR
investigation.

My/ (best) advice - take your medicine, pay the man and get your
records into a safe place.
 
J

Jon Griffey

I must agree that sometimes asking for information is indeed 'impotent'
as more often than not you don't get a reply.

An accountant who is a member of a professional body is under an
obligation to provide information to the new accountants notwithstanding
that fact that fees may be owed. This is certainly the case for ACCA
(Chartered Certified) members. Indeed for the unqualified accountant
there is no such obligation and no comeback.

However don't think that always the bigger the accountancy firm is, the
better the service/advice. In my experience it often means that there is
more time/billing pressure and more delegation and the partner less
involved with the clients.
Your new accountant, whilst 'asking' for information' is impotent. No
(existing) accountant is going to give your historical data to another
'firm' prior to you settling their outstanding bills. I believe it's
called a 'clearance certificate' - but I'm sure Peter can correct me if
I'm wrong. Not that it makes a lot of difference what it's,called -
the guy can refuse and you've no comeback.

'One Man Band' accountants are going bust/ being 'absorbed'. No-one
in this profession - as a single practitioner - can keep up with the
regulation/statutory demands required of them. It's a no-brainer to
consider, they spend half a year learning/getting 'credits' and find
what they;d learned three months earlier is out of date !

So, if you need practical help employ a bookkeeper, if you need
technical advice go to a 20-person partnership. Stop wibbling about 400
sovs - it's peanuts compared to what it would cost you for an IR
investigation.

My/ (best) advice - take your medicine, pay the man and get your
records into a safe place.
--
Jon Griffey FCCA CTA
Hackett Griffey
Chartered Certified Accountants & Registered Auditors
2 Mill Road, Haverhill, Suffolk, CB9 8BD

Tel (01440) 762024

www.hackettgriffey.com

See website for disclaimers
 
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D

DoobieDo

Jon Griffey said:
See website for disclaimers

you should know better than top posting... so I looked for a disclaimer as
suggested and found:

"During the 5 year period from 1998 to 2003 we have experienced phenomenal
growth. Fee income and staff numbers have increased fourfold. No stagnation
at Hackett Griffey! "

Indeed, no stagnation. you've been dead for 4 years!!
Maybe it was the case of wine (which I hope you declared)
 
P

Peter Saxton

I must agree that sometimes asking for information is indeed 'impotent'
as more often than not you don't get a reply.

An accountant who is a member of a professional body is under an
obligation to provide information to the new accountants notwithstanding
that fact that fees may be owed. This is certainly the case for ACCA
(Chartered Certified) members. Indeed for the unqualified accountant
there is no such obligation and no comeback.
Getting another accountant at least helps with understanding the
problem. Complaining without justification is unhelpful so another
acountant would be able to understand the true picture.
 
G

Grandad

thanks for the advice
A thought did occur to me, I employed an accountant because I thought I had
to (I lived abroad for many years and did not keep up with practices in the
uk).
As I was paying the accountant, I did not bother too much about keeping an
eye on books myself, ok lazy - yes! complacent - very.
Thinking back to another time I remembered that I once did a bookkeeping
course (1986) and ended up with a qualification I could use, City and Guilds
bookkeeping. ie. compiling accounts up to final balance and preparing a
profit and loss statement.
Do I actually need any more qualifications to be legally able to keep
accounts for myself and others?
Tia



--
 
P

Peter Saxton

thanks for the advice
A thought did occur to me, I employed an accountant because I thought I had
to (I lived abroad for many years and did not keep up with practices in the
uk).
As I was paying the accountant, I did not bother too much about keeping an
eye on books myself, ok lazy - yes! complacent - very.
Thinking back to another time I remembered that I once did a bookkeeping
course (1986) and ended up with a qualification I could use, City and Guilds
bookkeeping. ie. compiling accounts up to final balance and preparing a
profit and loss statement.
Do I actually need any more qualifications to be legally able to keep
accounts for myself and others?
Tia
No, you are legally entitled to make a mess of your accounts.
 
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D

DoobieDo

Dildo Sextoy said:
On Tue, 23 Jan 2007 21:33:52 -0000, "Grandad"


No, you are legally entitled to make a mess of your accounts.
or employ someone like sextoy to do a similar job.
 
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