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Posted by The Belly on November 20, 2009, 9:45 pm
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This is UK based BTW
>
> I have just had to change accountants as my previous one was making some
> very basic errors that even I could see ( and I am not an accountant )
> Unfortunately, the old accountant has now had some very serious
> physiological problems.
>
> However, before that, I had moved my business to new accountant, who has
> discovered some very serious errors in the previous accounts.
>
> In essence. I am up to date with PAYE, but will have a ( potentially )
> serious VAT & Corp Tax liability.
>
> The new accountant is suggesting that I start a new company to continue my
> existing activities, whilst we try and sort out the mess left by the
> previous accountant.
>
> He is suggesting that this may result in closing the existing business.
> If
> I do that, do I have any liability for the outstanding VAT & Corp ? My
> accountant says no, but you will appreciate my confidence in accountants
> has been seriously shaken
>
> many thanks
>
>
>
>
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