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Need accountant advice please

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

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

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gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Need accountant advice please

Post by gurrano2 » Sat Mar 23, 2013 5:23 pm

I am a company director with 100% shares of the company. I have taken only dividend of 35k from my company account and paid into my personal account for my earning. I don't take salary as I am not registered as PAYE. Please I need an accountant advice and help to prepare my company account profit&loss. Not sure if I have taken the dividend the correct as I am not sure I have taken it out of profit from the company. Please I need urgent help.

mnaeem126
inactive
Posts: 160
Joined: Sat Dec 15, 2012 12:02 am

Post by mnaeem126 » Sat Mar 23, 2013 5:56 pm

U can contact me by sending me email as pm then I would be able to give you Acct's contact No. He is FCCA and very reliable and competent.

King_tier1
Junior Member
Posts: 51
Joined: Wed Feb 06, 2013 3:30 pm
Location: United Kingdom

Re: Need accountant advice please

Post by King_tier1 » Sun Mar 24, 2013 3:53 am

gurrano2 wrote:I am a company director with 100% shares of the company. I have taken only dividend of 35k from my company account and paid into my personal account for my earning. I don't take salary as I am not registered as PAYE. Please I need an accountant advice and help to prepare my company account profit&loss. Not sure if I have taken the dividend the correct as I am not sure I have taken it out of profit from the company. Please I need urgent help.
I have an accountant if it helps, my case was similar to you and visa granted last week.

John
Moderator
Posts: 12320
Joined: Wed Nov 10, 2004 2:54 pm
Location: Birmingham, England
United Kingdom

Post by John » Sun Mar 24, 2013 7:04 am

I am a company director with 100% shares of the company. I have taken only dividend of 35k from my company account and paid into my personal account for my earning. I don't take salary as I am not registered as PAYE.
Clearly not a good idea. Not taking a salary from your company unnecessarily increases the amount of Corporation Tax payable by the company.
John

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Sun Mar 24, 2013 7:24 am

Clearly John not a good idea as I was badly advice by my accountant. It is late now for me to adjust what has already been paid. Will this be an issue for my case to be approved. Going forward, I need to correct this with my accountant or get a new accountant. But please advice as I am submitting my application at end of the week. Thanks

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Sun Mar 24, 2013 7:40 am

@king_tier : please I will need your help. Can you please share your number with me on pm? I need urgent help as I plan to send by month end. Thanks

Bijuk
Member
Posts: 112
Joined: Thu Aug 13, 2009 12:18 pm

Post by Bijuk » Tue Mar 26, 2013 2:08 pm

Pls check you pm for contact details of my accountant if that could help

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Tue Mar 26, 2013 2:21 pm

Thanks Bijuk.

gurrano2
Junior Member
Posts: 56
Joined: Mon Feb 18, 2013 4:18 pm

Post by gurrano2 » Sat Mar 30, 2013 6:22 pm

Clearly John not a good idea as I was badly advice by my accountant. It is late now for me to adjust what has already been paid. Will this be an issue for my case to be approved. Going forward, I need to correct this with my accountant or get a new accountant. But please advice as I am submitting my application at end of the week. Thanks

tier1_aspirant_del
Member
Posts: 153
Joined: Sat Mar 06, 2010 2:45 pm

Post by tier1_aspirant_del » Sat Mar 30, 2013 9:31 pm

contact Vijay at vijay@skthakrar.co.uk or 07903 514842. He is a good certified accountant and very genuine.

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