I own a small business that over the years has been quite successful but like most other companies have been hit hard by the recession.
Our accounts for last year are showing a PAYE difference of + €20,000. This will hit revenue in about 2/3 weeks and I want to know best way to approach them about payment.
Has anyone experience of same. Otherwise I am tax compliant and have never been in this situation before. I have often been in credit at year end.
This year started badly (let some staff go) but has improved and have some good orders on the books. Accountant says don't panic, but I would like to be upfront with revenue from start, -nmaybe payment plan?
Anything would help.
Our accounts for last year are showing a PAYE difference of + €20,000. This will hit revenue in about 2/3 weeks and I want to know best way to approach them about payment.
Has anyone experience of same. Otherwise I am tax compliant and have never been in this situation before. I have often been in credit at year end.
This year started badly (let some staff go) but has improved and have some good orders on the books. Accountant says don't panic, but I would like to be upfront with revenue from start, -nmaybe payment plan?
Anything would help.