Right, I'm in a bit of a predicament here, I'll try and keep it short and to the point:-
My accountant has told me it's ok to claim 40p/mile and 9p/mile for fuel costs. Having checked this out on another forum thread and also done my own investigation work, I think my accountant may be wrong on this (9p or so is for a COMPANY car, not a private car).
My accountant is also my mothers accountant, who she gets on very well with, he's also doing some work for a few of my contracting colleagues as well (who are also in the same situation now with the incorrect 9p/mile claim).
I don't want to directly challenge him on his professional conduct as he is doing my company year end, etc at a very reasonable price. I do everything else myself, book keeping, payroll, mileage logbook/expenses etc (that part is easy).
I've spent 10 months claiming this 40p + 9p per mile, approx 200 miles per month. How can I go back and correct this as I've been paying my mileage expenses monthly out my company account. I have the log in excel so I can just delete the 9p column and it will give me the correct total, but how would I fix this in my books? I don't want to ask my accountant this as I've already discussed this with him and he is adamant that it is fine to claim this 9p extra. In all honesty it's a bit worrying that this mistake can actually take place by someone in the profession, but everything else so far he's been spot on with.
My accountant has told me it's ok to claim 40p/mile and 9p/mile for fuel costs. Having checked this out on another forum thread and also done my own investigation work, I think my accountant may be wrong on this (9p or so is for a COMPANY car, not a private car).
My accountant is also my mothers accountant, who she gets on very well with, he's also doing some work for a few of my contracting colleagues as well (who are also in the same situation now with the incorrect 9p/mile claim).
I don't want to directly challenge him on his professional conduct as he is doing my company year end, etc at a very reasonable price. I do everything else myself, book keeping, payroll, mileage logbook/expenses etc (that part is easy).
I've spent 10 months claiming this 40p + 9p per mile, approx 200 miles per month. How can I go back and correct this as I've been paying my mileage expenses monthly out my company account. I have the log in excel so I can just delete the 9p column and it will give me the correct total, but how would I fix this in my books? I don't want to ask my accountant this as I've already discussed this with him and he is adamant that it is fine to claim this 9p extra. In all honesty it's a bit worrying that this mistake can actually take place by someone in the profession, but everything else so far he's been spot on with.
Comment