Member Since: 24th Mar 2011
11th Dec 2015
Pensions - state-provoked gambling
Tom 7000 wrote:
Because you dont know this and dont tell anyone I told you but.....
in 2041 the chancellor ( who will actually be my son after hes graduated from Cambridge with a degree in econoooooomics) will announce the current £15k state pension, will be paid only after netting off any other pensions. So that when you get your £6k AE pension, you only get £9k from the government. Or if you get £50k from British airways you get Nowt!
And that my friends is our plan to completely eliminate the current deficit...
No applause, my OBE is in the post,...
Precisely. there's plenty history to demonstrate that ANY government sponsored initiative relating to pensions cannot be relied on. How is anyone supposed to plan 40+ years into the future when it's highly likely that whatever they base their plans on this year will be undermined by a government in the not so distant future. Pension planning these days is pure gambling. And in just a few years we're going to see headlines blaming people who rely on AE pensions for not making adequate retirement provision.
17th Oct 2015
No company can be 'IR35 compliant' - the agency doesn't know what they're talking about. IR35 is applied to individual contracts combined with the actual working practices.
With the total dogs dinner which is IR35, the only definitive answer would come from a court case, so irrational is the legislation. The general advice would be for the client to get individual contracts reviewed by a company which specialises in assessing IR35 status - if client is an IPSE member they'll find a list on the website. Having contracts reviewed by an IR35 tax professional is the best due diligence anyone can do.
Of course, if the agency contract is the not uncommon example of something drawn up by a lawyer and subsequently ruined by amateurs, chances are that it is caught by IR35 irrespective of whatever the reality of the agreement is. Contract reviewers can negotiate with agencies to bring the contract in line with the intent of the agreement, but that depends on whether the agency is acting with goodwill, or just trying to apss the buck.
19th Jun 2015
When things don't go well....
.... Worth looking at how effectively PayPal resolves problems when things go wrong, not just the cost of using it when everything is working well. And I don't think Paypal is regulated in the way that banks and credit card companies are.
11th May 2015
Given a few similar instances where the recipient account holder has refused to return the cash, some banks have amended their account Ts and Cs to state that, in the event of an erroneous credit, the recipient is not entitled to retain the cash. Worth getting hold of Santander Ts and Cs to check if they have done that. If they have, make it clear in the discussions with Santander that you know their Ts and Cs cover the situation.
19th Mar 2015
I went through the process of contacting the Pensions Regulator to ask what to do, then as requested, formally advising them that no scheme was needed, then being told that the PAYE ref they wanted is not the same as the PAYE payment ref. The response I eventually got was:
'We will now update our records to show XXXX Ltd is not an active employer. Employers that have no workers on their staging date will not have automatic enrolment duties. Please note that if in the future they gain at least one worker, they will have automatic enrolment duties.'
I got a strong impression that the process is not really set up to deal with single person companies, and I'm expecting PAYE activity to result in problems while hoping to be proved wrong.
27th Feb 2015
If a number shows up on caller ID (or when you dial 1471 afterwards) report it. Basically there's a large scale crooked industry in this and other countries, where they autodial or phone targeted numbers and try various scams - you have a virus, you have a PPI claim etc etc
There is at last a degree of awareness that this is going on, but if people don't bother reporting, it will drop off the political agenda. Places to report:
- Action Fraud if you can confirm that the script the caller uses contains lies - which it normally does
- the Information Commissioner if they have your name or any other personal details
- the Ministry of Justice if they claim to be regulated by them
- Financial Conduct Authority if the caller is regulated and lying to you, or if they are unregulated and selling a regulated product
- TPS if your number is registered with them
Don't expect any action beyond a bland confirmation, but by reporting you increase the probability that telecomms companies will be forced to take action to block these calls using technology already available, rather than sitting back and taking revenue from nuisance calls.
6th Feb 2015
Contact the various credit reference agencies?
30th Jan 2015
>>>>>But rather more
>>>>>But rather more importantly, what happens if the third party supplier goes under while holding HMRC data?<<<<<
Good procurement practice is capable of dealing with this, but our public sector is not known for its good procurement practice. Ideally, backup and backup custody arrangements can be covered contractually to ensure the data is continuously available. And for the software, escrow and licencing arrangements could be set up to ensure that the appropriate software is available along with the documentation needed to configure and run it. Of course, all such arrangements need to be tested regularly to ensure they actually work.
In the context of data protection, arrangements would be needed to ensure that the data was not passed on to any party buying assets or the business itself from the administrator.
2nd Aug 2014
Not sad, useful
There are obvious uses for a smartphone as a substitute for office technology when people are on the move. Some people need that, and it doesn't reflect on them.
There are less obvious uses of a smart phone which only become apparent with discussion, or possession of a smart phone. For someone considering buying a smartphone, this is useful information.
And even the accountant who never gives a thought to their client outside the office hours of 9 to 5 is not immune to failure of their phone or internet service, or virus attack on the office technology. Smartphones are simple contingency for all of these situations, while phone only mobiles are not.
1st Aug 2014
It's a phone. It's a miniature computer. It's a GPS. But it's a whole lot else beside, covering a wide range of 'I wish I had a xxx with me' moments.
Today I used it as a torch when the only free basement loo didn't have a working light.
It's a photocopier.
It takes time stamped pictures if you have a prang or want to dispute a parking ticket.
It's a notepad.
It gives you wifi when you don't have access to free wifi.
And if you don't have a mobile number, a lot of people will wonder whether you use reasonable technology for your business.