Hi,
Just looking for some sound advice about my income, I've previously been a director of ltd companies from 2006 to 2012. I was young when I had these companies from aged 20 to 26 years, during this I wasn't aware of how income tax worked I honestly thought my accountant did it all for me.
Basically my accountant put me on a basic directors salary £8000 and a dividend payment of £32,500 p.a, this happened for 6 years but he had never did a SA302 for me as a director. When I questioned him he said that because I had NO tax to pay it wasn't required due to being lower than the threshold, being young I didn't think twice because he was employed as my accountant.
In 2012 I started working for the family business which used the same accountant, now that I've left the family business this year after a fall out I've realised after phoning a FSA for a remortgage that my taxes and income have been messed up even though this accountant has been paid to do his job.
I've become a Director again in 2018 and had a meeting with a possible new accountant he has told me he needs to do a SA3O2 for 2017/2018 for me in order for me to remortgage, when I told him I've never done one when I lasted owned a company he almost fell off his chair.
Now it looks like I've been given the wrong advise from my old accountant that I've been loyal with for the past 11 years, what do I do about my past income??
How can I put this right?
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