I read with interest one of the accounting web articles about HMRC and tax advice standards and had a little chuckle in light of the current situation. In the bad times (and it is bad) accountants pick up the slack between HMRC and clients. In the good times HMRC try to ignore the agents or paint them as the bad guys.
I wondered how many fellow accountants are coming close to burnout this week. We put the SA season to bed at the end of January and breathed a sign of relief. Now we are faced with the Chancellor who has a really tough job drip feeding policies to quite frankly desparate people who've seen their livelyhoods disappear overnight. I've personally have had a steady stream of emails and phone calls asking what this means for them and how they can make ends meet in the short term. Its been a heartbreaking week - nice people with viable businesses shutting the doors, not qualifying for any grants because they are not in the correct sector when the business next door is eligible for £25k because they are retail. They don't know if they will ever open up again. Two people who've just started a business in January and put their life savings in it, left with nothing. A builder who was due to exchange next week on a house he built using all his savings, his wifes savings and maxed out credit cards. What can you say other than go through the options available to them or not as the case might be.
Then to cap it all I've had the - "what can I claim" brigade who are still earning albeit at reduced levels "I've only got £4.5k worth of work on my desk at the begining of the week it was £9k surely I can claim 80% of my Directors salary back and can I claim 80% of my part time employees wage as well" "I'm still working from home with occassional visits to sites (essential worker) but why can't I claim a grant I know I work from home and don't pay business rates but I must be able to get something back." A handful of clients just made my blood boil, what can I make out of this crisis truely the me, me, me attitude. I bet they stockpiled all the toilet rolls too.
This weekend I'm catching up on deadlines that I should have done during the week and bracing myself for next weeks payroll and the furough or not scenerio and the week after when subbies start to bring in tax returns early so they can reclaim their CIS to keep them going over the tough times. The limited companies will also be wanting their CIS refunds as well and filing deadlines haven't been relaxed either.
How is it for you?