I am hoping someone can offer me advice, I recently got asked to look over a set of books of a good friends nephews business as they were concerned that the amount of CT tax was not right (based on previous years).
I duly did this and found that the accountant had 3 months bank statements missing but had calculated the accounts from incomplete records.
I then asked for the bank statements and produced a set of accounts in line with the bank statements presented and came out at a different PNL figure, which was lower.
After my client showing the accountant what I had done, he has now resigned from supplying accounting services to them, but I need to get the accounts altered at companies house which I haven't done before ??
Also how does the CT Tax work, would I just put an alteration on next years or does it need to get re-done as well ?
I feel like I've been left in the lurch so any advice would be very grateful, thanks for reading.
Companies House has some guidance on submitting amended accounts. I assume that you've revised the full accounts and will be submitting revised abbreviated accounts to Companies House.
If you do submit revised accounts, then you would need to revise (and re-submit to HM Revenue & Customs if necessary) the corporation tax computations and return for the year. As profit is now lower, this is presumably something that your client would be keen for you to do.
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Pearce & Co - Chartered Accountant and Chartered Tax Adviser
Hello, Thank you Robert, I'll investigate further with companies house regarding the re-submission of the revised accounts. They are exempt from audit, but as they are revised accounts would they now need to be audited do you know? Lisa
