Hi guys,
Having a bad spill of luck over this week, and all down to a stupid accountant.
Anyhows, I have a limited company, makes a reasonable turn over and employs only me. I had my accountant for two years, towards Sept/ Oct last year I started getting notices of unpaid VAT. I queried my accountant he said not to worry as the business was idle (not trading) for a year so there was nothing to declare, he said there would be no penalties etc and that he'll sort it.
This didn't sound right to me, I immediately decided to remove him as my accountant and get someone else. I informed him of my decision late Oct he was a bit snotty but got over it, I collected all my things when he told me to early Jan.
I passed it on to my new accountant last week, and received his phone call yesterday. Unfortunately it was not good news..
It turns out my old accountant didn't file my end of year returns, I think its called my B1? This went from Mar06 to Mar07. The company only traded for 3 months in this time (earning about 7k). He missed the deadline, and didn't file it at all.
My new accountant has advised me that I've recieved a on the spot fine straight away, and €3 for every day its late... 2.5months ago!!! He has also advised me that i've lost my audit exemption and that I'll have to get my company audited for last year and this year.
I'm not too happy to be honest, I gave my old accountant full rights as district of attorney. All documents were meant to go to him, he looked after everything and I just paid the bills.
So, now I have to pay this fine, and get audited.
Is there anything I can do in relation to my old accountant? surely he can't get away with this?
Also, how much will I be looking at for an auditor? The word itself makes my wallet feel a few grand lighter...
help me!!
PLEASE
Having a bad spill of luck over this week, and all down to a stupid accountant.
Anyhows, I have a limited company, makes a reasonable turn over and employs only me. I had my accountant for two years, towards Sept/ Oct last year I started getting notices of unpaid VAT. I queried my accountant he said not to worry as the business was idle (not trading) for a year so there was nothing to declare, he said there would be no penalties etc and that he'll sort it.
This didn't sound right to me, I immediately decided to remove him as my accountant and get someone else. I informed him of my decision late Oct he was a bit snotty but got over it, I collected all my things when he told me to early Jan.
I passed it on to my new accountant last week, and received his phone call yesterday. Unfortunately it was not good news..
It turns out my old accountant didn't file my end of year returns, I think its called my B1? This went from Mar06 to Mar07. The company only traded for 3 months in this time (earning about 7k). He missed the deadline, and didn't file it at all.
My new accountant has advised me that I've recieved a on the spot fine straight away, and €3 for every day its late... 2.5months ago!!! He has also advised me that i've lost my audit exemption and that I'll have to get my company audited for last year and this year.
I'm not too happy to be honest, I gave my old accountant full rights as district of attorney. All documents were meant to go to him, he looked after everything and I just paid the bills.
So, now I have to pay this fine, and get audited.
Is there anything I can do in relation to my old accountant? surely he can't get away with this?
Also, how much will I be looking at for an auditor? The word itself makes my wallet feel a few grand lighter...
help me!!
PLEASE