Good morning. Today we bring you the news of HMRC workers considering industrial action, and Cloud software specialists Freeagent strike a new partnership.
* * *
HMRC workers threaten strike over 150 job losses
HMRC issuing almost 150 compulsory redundancy notices may result in the Public and Commercial Services (PCS) union initiating industrial action.
The PCS has called HMRC’s move “entirely unnecessary and inflammatory”. This follows HMRC’s decision to shut all but a handful of its 170 UK sites. The PCS accuse HMRC of breaking its “civil service-wide agreements on handling redundancy situations”.
PCS general secretary Mark Serwotka said: "It is entirely unnecessary and inflammatory to tell these 150 staff there is no future for them in the civil service when staff are being recruited to do similar work.
"This is not how reasonable employers behave and we will be considering all options, including industrial action."
* * *
FreeAgent strikes deal with K&B accountancy group
FreeAgent has agreed a partnership with K&B Accountancy Group, which will see around 1200 contractor and freelancer clients migrated onto FreeAgent’s cloud system.
This will give clients greater clarity over their day-to-day business finances, while providing their accountants with the most effective way of working with them.
Ed Molyneux, CEO and co-founder of FreeAgent, said: “Migrating more than a thousand customers across to FreeAgent is a clear indication that they recognise the benefits that we can offer to their business and see how our system provides them with the best method of collaborating with their clients.
* * *
Community: How to detect if client on the fiddle?
AccountingWEB member Gail asked the community to explain the best way to detect whether a client is hiding transactions to reduce their tax bill.
Tim Vane uses his gut instinct, saying: “The numbers just don't add up, or the profitability just sets off alarm bells, or the client is defensive about certain questions.”
Stepurhan offered: “Whenever I ask clients questions that make it look like I think they are fiddling, I make it clear that it is better that I do it than HMRC will.”
Meanwhile, Cheeky Chappy has a simpler way of detecting such activity. “They come to your office driving a Bentley and wearing a Rolex, and to pay you, they pull out a massive wad of cash.”