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Disengaging Due to SEISS etc

Too complicated and stressful

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I know I’m a little late for this, I am considering just disengaging 120 clients because the Complication, stress and hassle these grants have caused with self assessment is appalling they have literally caused me nothing but issues.. I cannot understand the mentality of people. Government included the greed I have seen is appalling. We are told as agents not to get involved then told to get involved to give the figures. We can't advise, but when they get a hefty tax bill it's why didn't you advise? I think this decision will be the best I make and will stop these people calling me 20 times a year for the cost of a 1 off fee. Goodbye all 120 of you I am done!!

Replies (15)

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By Manchester_man
01st Sep 2021 23:51

I are with you that the greed has been astounding. I’ve seen the same with furlough; with directors claiming and continuing to work, employers claiming for employees who are not on furlough etc. Disgraceful.

Rather than disengaging though, look at your responsibilities under the money laundering regs and report where warranted. That way, you can sleep at night.

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By staceyDT
01st Sep 2021 23:55

You kinda hit the nail on the head.

Sleep in general would be good, but I think it’s best I step away from it all it’s just to complicated.

Now they are going to introduce MTD for Dave the bricky who keeps his books in a plastic bag.

It’s simply going to send these people down the rabbit Warren, they will
Loose more than they gain!!

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By Tax Dragon
02nd Sep 2021 02:27

Welcome back.

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By SXGuy
02nd Sep 2021 07:29

If you think that's stressful wait for Mtd for income tax.

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By staceyDT
02nd Sep 2021 08:05

That’s why I’m thinking is this worth it

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Replying to staceyDT:
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By Hazel Accounts
02nd Sep 2021 16:48

An alternative might be to put your fees up to a level where you feel you are getting paid for the hassles. A lot of client's may well leave as a result but it doesn't sound like you'd mind that!

The question is also what would you do instead? I like the flexibility being my own boss brings.

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By GHarr497688
02nd Sep 2021 09:01

People will just push through rubbish figures , the system is broken and MTD won't fix it. Furlough and SEISS Grants are for HMRC to check not the Accountant. AML solves nothing apart from partly holding the Accountant responsibility of Crime is committed and they actively took part in that crime or ignored it - Hmrc would have a job on its hands to prove this was the case.

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By bernard michael
02nd Sep 2021 10:02

Be comforted as the problem is now over (almost). The SEISS 5 is more regulated by HMRC. The SAR asks the question about what was received and if the client lies or misleads with the wrong answer then HMRC will chase them. Not your problem .
Hang on for another 2 returns then dump them when MTD is an issue

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By AdamMurphy
02nd Sep 2021 12:03

Every job I've done where SEISS has been involved has had a big increase in assessable profits and so a big increase in SA liability.
I think that shows you the system was totally wrong, but easy to splash out money when it's not your own to spend.

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Replying to AdamMurphy:
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By Hazel Accounts
02nd Sep 2021 15:16

I have not found this - even with SEISS I have client's whose income has dropped significantly.

Yes, there are obviously some where it has gone up, but partly to blame was HMRCs all or nothing approach - more than one client asked if they could just claim part of the grant (to make up their covid losses) but that wasn't possible at the time - I am aware there is a facility to voluntarily part repay now that's nothing to do with errors.

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By paul_scotland_5
05th Sep 2021 18:02

So you're disengaging 120 clients?

Presumably Carrier-Bag-Subbies at 300.00 per go, once a year?

36k of fees per annum?

2 options ... put them all up to 500.00 and insist on better record keeping

Sell your book, surely someone local would be very interested? Where are you?

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Replying to paul_scotland_5:
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By Comptable
08th Sep 2021 16:58

Absoultely right.
If the client is a hassle and uneconomic (but honest) squeeze the fees up.
And don't get upset when they go away.
And rejoice when they do become economic and profitable as some, but not all, will

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By AdamMurphy
05th Sep 2021 18:15

As much as being a sole agent has become hard work over the last few years, I just can't bring myself to pack up and work for somebody again. I just couldn't do it. I like the freedom of having a day off midweek if I want, or a break whenever I'm working if I want one

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Replying to AdamMurphy:
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By Tax Dragon
06th Sep 2021 07:14

And I bet you still get all your work done in the other four days.

Many employees I know do the same - they know what needs doing and they get it done. This would be true if they worked four days or five.

Yes I know I'm talking about the topic in The Scottish Thread (I can't name it more precisely than that, for obvious reasons), but if I made the same comment there everyone would think me mad. By making it here, the logic speaks for itself. (Imho.)

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Replying to Tax Dragon:
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By AdamMurphy
06th Sep 2021 07:30

Definitely. So much time is wasted in office environments. I bet most office jobs could be done in 4 days if you just got on with it!

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