Quizzes & Puzzles1 min ago
Tax, PAYE errors
2 Answers
Associates of my husbands charged my husband's company with PAYE for three other companies. This went unpaid, and has only recently come to my husband and his fellow-directors' attention.
The accountants can substantiate the 'errors', but there seems to be no urgency to re-allocate the liabilites to the correct companies.
How can this be done, and how quickly?
Has anyone had any other similar problem?
The accountants can substantiate the 'errors', but there seems to be no urgency to re-allocate the liabilites to the correct companies.
How can this be done, and how quickly?
Has anyone had any other similar problem?
Answers
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How did they charge the company - via an invoice or some other means? If it's an invoice it's just a case of entering a credit note to cancel it out.
If it's by some other means then will be showing as a liability on the balance sheet so will need a journal or something doing to reverse it off - would have thought the accountants should sort that out though?
If it's by some other means then will be showing as a liability on the balance sheet so will need a journal or something doing to reverse it off - would have thought the accountants should sort that out though?
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