Originally posted by abu1
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New Accountant - advises against income splitting
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Originally posted by abu1 View Postmy accountant has also advised against it he also has advised against giving out dividends saying its risky and safer just to pay the tax on profits after the whole year. Told me apart from the salary leave all income in the accountComment
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Originally posted by MrButton View PostSounds like you need a new accountant.Comment
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Originally posted by abu1 View PostHe said he does not want to bring any suspicion from hrmc on me and that I should just play it safe . I wanted to purchase new mobile phone he said don't will make things complicated'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by abu1 View PostHe said he does not want to bring any suspicion from hrmc on me and that I should just play it safe . I wanted to purchase new mobile phone he said don't will make things complicatedThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostBetter walk to work if he's your accountant. It'll be for the best and won't bring suspicion upon you. Unless you claim for shoes of course.Comment
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Originally posted by abu1 View PostI will change accountants after next financial year.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by WordIsBond View PostEver hear of HMRC challenging director's remuneration of £8K or even £11K?
They'd have to quantify the proper amount of compensation to compensate a director for the liability they incur by serving in that role. How can they prove it should be less than £11K?
If you pay a spouse director's compensation of £50K or £100K you might have an issue, but then IT, ERNI, and EENI come into play, so no one would do that and they wouldn't be likely to object.
No reason, really, other than that it is illegal.
So you are assuming all children in the world are under 16? Nice one!Comment
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Originally posted by craigy1874 View PostIt is clearly uncommon for HMRC to challenge it, but believe me, if you get a CT enquiry, they will ask for it to be justified.
Originally posted by craigy1874 View PostSo you are assuming all children in the world are under 16? Nice one!Comment
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