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Can I trust my accountant?

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator

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mubu
Junior Member
Posts: 63
Joined: Tue Nov 13, 2007 3:44 pm

Can I trust my accountant?

Post by mubu » Wed Feb 17, 2010 9:16 pm

I have a limited company, I am applying as 'salaried'

have taken monthly salary and quarterly dividends. have all payslips and dividend vouchers, letter from accountant in the format on this forum.

Now, accountant says that this is ENOUGH for my tier 1 renewal, I know someone on this forum got it too...without any profit/loss, income documents etc.

I insisted that I have the P&L, company accounts, he has given me a report which is basically company accounts printed on normal A4 paper, with no sign/seal.

Is that acceptable? is it the standard format in the UK?

Also, he refused to give any invoice/sales summary.

Your thoughts would help me please. Thanks in advance.

mubu
Junior Member
Posts: 63
Joined: Tue Nov 13, 2007 3:44 pm

Post by mubu » Thu Feb 18, 2010 7:57 am

Also, is any letter required for net profit? All I have from him is the plain paper print out with accounts, no sign , no stamp, not on letterhead.

He did not give me sales summart or net profit on a separate letter.

mubu
Junior Member
Posts: 63
Joined: Tue Nov 13, 2007 3:44 pm

Post by mubu » Thu Feb 18, 2010 9:35 pm

Why are sushil/ramesh & other senior guys not replying? :?

mubu
Junior Member
Posts: 63
Joined: Tue Nov 13, 2007 3:44 pm

Post by mubu » Fri Feb 19, 2010 3:51 pm

:o

tvn_ramesh
Diamond Member
Posts: 3158
Joined: Fri Sep 21, 2007 7:52 pm
Location: Sussex

Re: Can I trust my accountant?

Post by tvn_ramesh » Fri Feb 19, 2010 4:11 pm

mubu wrote:I have a limited company, I am applying as 'salaried'

have taken monthly salary and quarterly dividends. have all payslips and dividend vouchers, letter from accountant in the format on this forum.

Now, accountant says that this is ENOUGH for my tier 1 renewal, I know someone on this forum got it too...without any profit/loss, income documents etc.

I insisted that I have the P&L, company accounts, he has given me a report which is basically company accounts printed on normal A4 paper, with no sign/seal.

Is that acceptable? is it the standard format in the UK?

Also, he refused to give any invoice/sales summary.

Your thoughts would help me please. Thanks in advance.
mubu..
no offence pls, i am not sure, so dont want to misguide you.. i am sure other seniors will respond on this soon.

skomati
Member
Posts: 136
Joined: Sun Oct 04, 2009 5:40 am

Post by skomati » Thu Mar 11, 2010 3:21 am

when my accountant prepared and submitted my company accounts to companies house and HMRC..all of them are printed on plain A4 paper.
on First page --- company name , address, accountants name address etc..
on second page: Directors report...signed by the director..
on 3rd page..balance sheet....signed by the director..
on 4th page.. p/l statement...
on 5 th page... small statement like " as the information given bla bla.. we here by prepare and submit accounts..bla bla.... signed by accountant..
on 6 th page: net profit statement...

but i asked my accountant to issue me letter to confirm all the figs in the statement and he gave me a letter as well..

ChetanOjha
Moderator
Posts: 2771
Joined: Thu Dec 28, 2006 12:49 am
Location: London
United Kingdom

Re: Can I trust my accountant?

Post by ChetanOjha » Thu Mar 11, 2010 1:14 pm

If you are applying as "Salaried" person, you don't need to submit P&L etc. You can work with the below set of documents:

1. Company payslips
2. Personal Bank statement corroborating payslips.

For Dividends you can use:

1. Accountant Letter confirming Gross/Net dividends.
2. Dividend Vouchers.
3. Personal Bank Statement corroborating deposit of your dividends.

If you are still feeling skeptical, you can submit your balance sheet along with above mentioned company documents.


mubu wrote:I have a limited company, I am applying as 'salaried'

have taken monthly salary and quarterly dividends. have all payslips and dividend vouchers, letter from accountant in the format on this forum.

Now, accountant says that this is ENOUGH for my tier 1 renewal, I know someone on this forum got it too...without any profit/loss, income documents etc.

I insisted that I have the P&L, company accounts, he has given me a report which is basically company accounts printed on normal A4 paper, with no sign/seal.

Is that acceptable? is it the standard format in the UK?

Also, he refused to give any invoice/sales summary.

Your thoughts would help me please. Thanks in advance.

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