Accountant fees

You may use an accountant to prepare your tax returns or to give you advice about the running of your business.

Accountant fees may need to be treated as a priority debt.  If you do not pay their fees, they are allowed to keep your books and bank statements until you pay. If this means you cannot send your tax returns to Her Majesty’s Revenue & Customs (HMRC), you will receive a penalty from them.

Dealing with your priority debts and Accountants for ways you can try and negotiate with your accountant.

Extra advice:

limited companies

If you are a director of a limited company, the rules about what the accountant can keep if you do not pay are different. Contact us for advice.