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Can my accountant bill me for previous work he agreed to perform for free? No. The difficult part will be for you to prove that he agreed to do the job for free. Hence the importance of having this kind of "gentlemen's" agreements in writing. You have the burden of outweighing --even by means of circumstantial evidence-- the common presumption that ...


16

So the first thing would be to send an email to the accountant if that is really a road that he wants to go on, because he is going to lose your commercial business, and it is unlikely that he will get any money from you personally. If he wants to go there, you should probably get a lawyer. Good lawyers not only know the law and can give you legal advice, ...


7

A receipt is just a written proof that money was taken. It is hard to imagine a place on Earth where the legality of giving such a proof would be questionable at all so that you would need to talk about an "authority to issue receipts". Only if you find a place where money itself is illegal. Now, the real question here is whether such receipts (issued by ...


3

A distinction has to be made between incompetent and unsatisfactory. Beware defamation laws, when you accuse someone of being professionally incompetent. Poor communication is not grounds for breaching a contract. It is not entirely obvious that your P30s problem is a breach of contract on the accountant's part – it might be, depends on what the contract ...


3

If I understand your question correctly, you have some clients who have paid you for services that you have not yet provided and, indeed, they have not yet requested. Is this correct? The accounting term for this is a "prepayment". The correct accounting treatment is to increase an asset account (your bank account) and create a liability account (...


2

Within the field of accounting, the process of maintaining financial records and auditing financial records for purposes other than tax collection is called "financial accounting" as distinct from "tax accounting" and as distinct from "managerial accounting" which is the internal use of financial information for the purposes of managing the entity and ...


1

If an accounting/bookkeeping app is developed in the US, and released for use in the same country, is it required by law that it first be certified or reviewed by a regulatory body, for instance to ensure that it performs basic ledger entries correctly or calculates gross or net correctly? The app doesn't require regulatory approval in advance. But, ...


1

Some more details, to complement Dale M's excellent answer. Note that this is general advice, as mentioned in the site disclaimer. For specific advice, ask a legal professional. Is it fair to assume that most of those funds will be used over time and I can use those funds? Are there any rules of thumb on this? As Dale M explained, you can use those ...


1

No There is no law that says a business must have a bank account, let alone that they must make deposits to it.


1

Short Answer: There is no U.S. rule or GAAP rule that mandates one particular stock taking process for fixed company assets. Any reasonable approach applied consistently is acceptable. Long Answer: The question doesn't generally present itself in quite the manner that you assume. In the U.S., an accountant prepares financial statements for a company ...


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