Recent content by ITContractor9

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    Accountant failure in duty of care / professional negligence?

    Just one additional note on this. I thought for a moment that this could be done even more simply by recording the pension contribution as remuneration before the end of the tax year as an accrual and then making the payment within 9 months of the following year, thus avoiding the complexity of...
  2. I

    Accountant failure in duty of care / professional negligence?

    Not in the next 10 years at least. They are good at answering specific questions, but still lack the originality to "come up with ideas" which humans do best. But, never say never ;)
  3. I

    Accountant failure in duty of care / professional negligence?

    I have been getting a lot of help from ChatGPT in understanding tax. But it doesn't always give the right answers. And couldn't make the suggestions for solutions that some of you made in this thread.
  4. I

    Accountant failure in duty of care / professional negligence?

    The £130k was a one off due to me selling a sideline brand of the business. It'll be more like £100k per annum going forward. As any IT contractor will tell you, expenses are pretty low, and high expenses would probably raise eyebrows at HMRC anyway. So, it seems tax reduction options are...
  5. I

    Accountant failure in duty of care / professional negligence?

    Regarding this detail, I thought that one couldn't make employer pension contributions if it would result in a trading loss for that accounting period. Or is this about whether the company has the funds to do so? (It does, by the way - lots of cash in the account).
  6. I

    Accountant failure in duty of care / professional negligence?

    Thank God I posted on this forum. I would have never thought of this idea myself! This is exactly what I need to do! I have a lot of money sitting in a business savings account, and I could take a large employer's pension contribution now (never taken one before so it could be bigger than the...
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    Accountant failure in duty of care / professional negligence?

    Thanks all for the replies so far - I didn't expect so much engagement so quickly! Alas I cannot find the letter of engagement - it was 8 years ago that I first took on his services, so it seems to be lost now. I just spoke to another contractor colleague, and he basically said the same thing...
  8. I

    Accountant failure in duty of care / professional negligence?

    Sorry to bring up such a big issue in my first post. But I believe my accountant has been negligent, in not informing me of tax changes that, based on previous year's accounting trends, would have affect me, as well as not offering ways of mitigating tax through employer pension contributions...
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