Goodness I didn't think an accountant could ask someone this based on the car they drive. How much is this car worth?I would ask the client how he is able to fund his lifestyle as it seems to be unsupported by the known income. See what he says before you jump to conclusions.
Goodness I didn't think an accountant could ask someone this based on the car they drive. How much is this car worth?
Turns out a client is driving a 2006 BMW 635 despite only declaring an average PAYE income on their tax return, as director of their company. They're also cribbing about CT bill.
Any advice on what to do? (hypothetical situation of course)
He is driving it, you say.
But does he own it?
Do you know of many people who loan BMW 635's, other than as a tax scam?But does he own it?
Turns out a client ....
Do you know of many people who loan BMW 635's, other than as a tax scam?
It is not right to look away from something that might be questionable (on a micro-scale, that is the sort of thing that has gone wrong with our banks).