Disciplinary outcome: Masoud Ataei

1. On preparing the company accounts for his firm Reza Accounting & Tax Services Limited for the periods ending 30 September 2018, 2019, 2020, 2021, 2022, he deliberately understated his company profits by:
   1. Failing to report an overdrawn director’s loan as an asset; and/or
   2. Failing to declare payment of dividends in the company’s financial accounts; and/or
   3. Incorrectly reporting inaccurate retained profits brought forward in the capital accounts; and/or
   4. Incorrectly claiming carried forward trading loss figures where none existed; and/or
   5. Incorrectly claiming 50% of own residential property mortgage costs as office rent costs.
2. On or around June 2020, he took a bounce back loan totalling £25,000, which contrary to government rules, was withdrawn for the purpose of his own personal benefit.
3. On or around April 2017, he made an incorrect expense claim for car depreciation on his self-assessment return for the year ending 05 April 2017, resulting in the underpayment of £1,695.20 in tax to HMRC.
4. On or around April 2022, he incorrectly declared a capital gain on the sale of his private residence despite qualifying for primary resident relief on the submission of his 2021-22 self-assessment return to HMRC.
5. Between around 2018 and 2022, he acted carelessly by submitting inaccurate corporation tax returns to HMRC by failing to complete and submit CT600A supplementary forms with the return, and failing to declare and pay the tax charge on company participator loans under s455 CTA10 for the periods:
   1. Year ended 30 September 2020; and/or
   2. Year ended 30 September 2021; and/or
   3. Year ended 30 September 2022. 

By reason of the conduct set out in the Allegations above, Masoud Ataei is guilty of misconduct pursuant to Article 21 of AAT’s Articles of Association.

Masoud Ataei is hereby:

1. Expelled from membership of AAT for a period of five years
2. Fined £5,000

The decision of the Investigations Team shall stand as an Order of the Association pursuant to Regulations 5.2 and 5.3 of the Disciplinary Regulations.