feartheclaw
Registered User
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- 23
Hello all,
I have a small limited company and am the sole employee
I received a letter from Revenue stating my Corporation tax (CT1) wasn't filed for 2014 even though I thought my accountant had done it in October and I had paid them for it. Just found out there is a liability which I was not aware of and now a penalty of 10%. In the financial statements corporation tax is entered as €1 and there is no entry in tax on profits in notes to financial statements. Each year till now I've avoided CT as I pay myself any profits. I changed accountant in the new year (not related to this issue just found a more suitable one) and my new accountant has raised questions about the quality of the job done. I feel the fee I paid for the completion of accounts should be refunded.
My new accountant has advised to pay Revenue and then look at my options.
Before I challenge my old accountant what are people's views?
Thanks
ftc
I have a small limited company and am the sole employee
I received a letter from Revenue stating my Corporation tax (CT1) wasn't filed for 2014 even though I thought my accountant had done it in October and I had paid them for it. Just found out there is a liability which I was not aware of and now a penalty of 10%. In the financial statements corporation tax is entered as €1 and there is no entry in tax on profits in notes to financial statements. Each year till now I've avoided CT as I pay myself any profits. I changed accountant in the new year (not related to this issue just found a more suitable one) and my new accountant has raised questions about the quality of the job done. I feel the fee I paid for the completion of accounts should be refunded.
My new accountant has advised to pay Revenue and then look at my options.
Before I challenge my old accountant what are people's views?
Thanks
ftc