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end of year company accounts

  • 20-03-2012 5:26pm
    #1
    nino1
    Registered Users, Registered Users 2 Posts: 829 ✭✭✭


    I got my accountant to do my end of year company accounts but he did not do the ct1 corporation tax returns.
    Would that not generally be seen as part of the end of year accounts?

    if not how much extra is it usually?


Comments

  • #2
    Toblerone1978
    Registered Users, Registered Users 2 Posts: 684 ✭✭✭Toblerone1978


    nino1 wrote: »
    Would that not generally be seen as part of the end of year accounts?

    Yeah, that would be fairly unusual. It would normally be incorporated as part of the "package" (service) of most accountancy practice. The only time two accountacy firms would seperate the tax and accountancy tasks is on the very big companies, PLC size.

    I suspect there is a miscommunication / misunderstanding along the way. Give him a call on it. Its normally not worth paying another firm to complete the CT1, as they would have to familarise themselves with the firm, complete load of paperwork such as letter of engagements etc and that extra workload will cost you money!!


  • #3
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    This sounds very unusual. Did you agree a fee with him before he did the accounts and did this include the Ct1?
    As part of completing the accounts you must include the tax liability if any so if there is no profit and no loss coming forward he should have the tax charge worked out.
    Let us know what your accountant says. Also check and see what's going to happen with the abridged accounts!


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