His income from being a director needs to be shown on his self assessment so you will need his P60 (probably from the accountant) for that role and details of any divideneds that he has received (definitely from the accountant).
It seems a little strange that the jobs being divided in two. Have you sent the ettiquette letter and received clearance from the accountant that he is ok with you taking half of the work? (but I'll have money on it that it's not half the money, lol).
Do the accountants know that they are not doing the self assessment? If you register the client for self assessment under your agent id then the accountant will lose them. Everyone is happy with that aren't they?
The arrangement seems a bit of a pigs ear to me but I just like everything to be nice and simple.
I'm thinking that there's a lot more info that I should be privy to in order to answer this properly but that will do to get the ball rolling.
All the best,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
yes (the self assessment is a snapshot of the clients personal affairs in their entirety. employment, self employment, property, etc.)
the second question is more difficult as there is a vaccum between what should happen and what actually does.
The actual self assessment does what it says on the tin and represents real people, not companies so from that perspective there is clear distinction between the company and the self employed individual (even though personal income from the company is a self assessment matter).
Concentrating just on the self employment rather than the company then, one signs up to represent a client and can then add different services.
Hypathetically for a given service the new agent "should" bump the old agent but such is not actually the case.
So, in absolute terms you may find it possible to have two agents dividing up the services between them or both being registered for the same services against the client. But, even though such may be possible I think that such is more by accident than design so I would avoid building a business model around such as its one of those undocumented features that I believe is undocumented for a reason.
Applogies about the wishy washy nature of the second part of the reply but I fear its one of those areas when what should happen and what can happen are a little misalligned.
You may find that registering as a second agent works fine but you may also find that such blows the incumbant out of the water.
Fingers crossed someone else will chip in with a better answer than mine.
kind regards,
Shaun.
p.s. good luck in the meeting tomorrow.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
If he is one of several company directors, the accountants would not automatically do the tax returns.
I have a client who I do:
- his sole trader accounts,
- Ltd company accounts
- his personal tax return.
However I don't do:
- The other directors of the Ltd Company personal tax returns - as they have their own accountant and I presume other businesses
- The partnership tax return (yes, he is a partner in another business)
- The other partners personal tax return (done by the accountant who does the partnership)
The partnership is always done late, so delays my clients tax return.
I think oddly enough it makes it simpler and less of a conflict of interest, as I can advise my client without any consideration of the others tax positions!
