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Im a little ticked off to say the least.  About 2 years ago, I had to receive monies on my FIL’s behalf through my company.  I asked my accountant if this would be okay and how I should go about it.  He told me to withhold 20% of everything I receive to cover me for income tax purposes.  I have an S Corp and all monies flow through to my personal returns.  

Well long story short, one of the lots my FIL does/did snow removal for has a lawsuit going on.  Yep, you guessed it.  I was about to be thrown in the mix.  I spoke with an attorney and him and the other attorneys involved agreed that I am not responsible because I never did any work.  Okay...getting to the point, I asked my accountant for letter stating that he told me to withhold that 20% and he flat out told me “Sorry Doreen, that would put me in the mix”  I AM SO PISSED OFF.  I am now looking for another accountant.  He’s been my accountant for over 10 years!!! What would you do???



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Member Comments

    • 0 votes vote up vote up

      Denise Richardson wrote Mar 23, 2009
    • Hummmmm this is a tough one for me sorry I can’t be of any help to you, but I pray it all works out for your good.



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    • 0 votes vote up vote up

      Cynthia Schmidt wrote Mar 23, 2009
    • I hate it when people don’t stand behind their word! If he “said” something he should be willing to back it up in writing. Makes me wonder if what he said was entirely accurate. If you‘re not certain you owe it to yourself to at least get the opinion of another accountant. Or a tax attorney. If he’s that much of a stinker, I’d consider filing a complaint. It may not get you anywhere, at least it would be on record.

      Good luck with this, Doreen!



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    • 0 votes vote up vote up

      Doreen XoXo wrote Mar 23, 2009
    • I withheld the money for tax purposes on his advice.  I need to prove that I didnt earn any income and that I was just a fiduciary.  The letter would help me but I think I can work around it.  I have all the sales tax payments made on FIL behalf and all the monies that were paid out to workers.  I also have a signed letter that FIL sent to them when I began collecting for him.  

      I just cant believe my accountant d**ked me over like that.  I have been in the process of finding him new clients too.  WTF??



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    • 0 votes vote up vote up

      Feathermaye wrote Mar 23, 2009
    • His reaction doesn’t make any sense. As long as what he advised you to do is legal, how could he be “in the mix” at all? Seems like he could make a sworn statement and that would be that.  

      Unless, perhaps, he has some other dealings he doesn’t want attention drawn to? I don’t know him from Adam, but his behavior is too bizarre.



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    • 0 votes vote up vote up

      Doreen XoXo wrote Mar 23, 2009
    • yea...I agree.  He’s my damn accountant.  What the hell would happen if I was audited???  Makes me wonder.

      xoxo



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    • 0 votes vote up vote up

      (華娃娃) ChinaDoll wrote Mar 23, 2009
    • Please ask your attorney for several referrals on CPA (not just accountant).  CPAs charges more and it’s worth it.  Also, ask for a creative one.  Hope this help.



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    • 0 votes vote up vote up

      Billabongcc wrote Mar 23, 2009
    • Doreen - I suggest you find another accountant fast. I can suggest a company that is probably the best I’ve every come across. If you‘re interested in knowing who they are, let me know.  

      Carol Carini
      Billabong Studios



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    • 0 votes vote up vote up

      Fraz764 wrote Mar 23, 2009
    • Sorry to hear this D. I think you should definitely find another accountant!



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    • 0 votes vote up vote up

      Bluerose wrote Mar 24, 2009
    • Get another accountant & let the current accountant know in no uncertain terms why you‘re leaving him.



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    • 0 votes vote up vote up

      Doreen XoXo wrote Mar 25, 2009
    • Thx Ladies.  Ive been thinking in this direction.  Im definately looking into other prospects.  

      Oh CD,  he IS A CPA!!!  

      I have one in mind who does the year end for a small company that I work for.  I only need my year end taxes and personal taxes done (one affects the other...S Corp). I do everything else myself!! I handle all corporation taxes and payroll taxes and sales tax at every job I work and I do them for my own business as well.  

      I definately will let him know just how I feel AFTER my taxes are done for 2008.  I will leave him in a heartbeat.  

      xoxo



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