Breakthru
Member
- Location
- Scottish Borders
Very much so. They look at the number of investigations relative to that accountant and rate them. However it cuts both ways in that if your accountant is just a glorified tax collector what are you paying for. Something as simple as Quickbooks can do most of what they do. You need to do some homework and then throw suggestions at them. As stated new legislation precludes them from giving advice.Thanks for the advice . I’ve not had the pleasure in all my days, I think a reputable accountant keeps them away to an extent .
Two examples not in our industry both guys ltd co status. (for Tax reasons)
1 bought a motorhome, reclaims the Vat and the Capital allowance as he needs it to stay in it when working on various sites. (supposedly)
2 Has a rather lavish garden office again deductible. Not sure whether he claimed for the hot tub or it came as part of the deal.
Neither of these were suggested by the accountants involved but given the go ahead. Number 1 was my suggestion. No 2 didn't want a motorhome but extrapolated the idea.
Why do reps all drive trucks/suv's . Lower tax and if on 24 hour call either for work or security on premises little or no tax. You just have to think or discuss with friends etc what may be applicable to your business and throw it in the pot. Accountant at worst will say no but might be able to accept a slight change to your proposal as that is not seen as advice.