I'm drawn to the HMRC saying they have 'usual high standards' and don't receive many complaints. What complacency.
I would suggest that the majority of specific letters we receive are of a poor standard. As an example I have one client who refuses to answer a particular letter, because they believe it a scam. I'm on the fence because another client has a similar letter which is genuine. But i'm not certain - so we are awaiting a second letter.....in about a year!
Why would I bother to complain. I'd spend all of my day complaining. Its plain as a pike staff that HMRC letters are poorly written and they shouldn't need telling.
Jason is pretty well spot on. This Chancellor and Government are not bold enough to make any statements.
As I understood it the threshold was frozen to take a step back and look at it and whether it could be tinkered with. We waited several years. Nothing. Then this, which i'm sure does not even restore the threshold to an inflationary increase (over its frozen years).
There's an argument for rocket boosting the threshold, or lowering and stepping it.
I have mutiple clients being squeezed by the threshold, high interest rates and elevated energy prices. This Tory government is stifling budding entrepreneurs.
I know I'm looking at this rather simply, but! Say you are keying your data into this Pandora called Horizon and an error arises, you would run back through the trail of transactions looking for an error or two. If a transaction list isn't even available, don't you put your hand up straight away and in writing later, to point out there is no transaction listing, therefore the computer can be rebutted? How has a court of law overlooked needing proof for a conviction (innocent until proved guilty) - let alone the investigators, prosecution and defence leading up to any court action?
Secondly if you have a problem, you hone down and keep separate independent records to match back to Horozon for a time period - a week it seems. This may be onerous, but the sums involved are huge.
I often marvel at the Greeks inventing double entry bookkeeping. Why were accountants involved in designing Horizon not incorporating those principles?
Like others here I see similarities and omens towards MTD here, We have an infestation of idiots at the top of large organisations with no grasp of practical reality. How did they get there and how do we flush them out?
Dodge City awaits, where we advise clients to postpone or speed up receipts or payments according to their tax year.
Without the matching concept this will render accounts review useless. So they will be unable to compare margins etc year on year and decide to investigate anything wayward.
So Stride glibly bats away freezing the Vat threshold for another couple of years. He's not awake in his own consituency, where small traders have rising interest, energy and food bills and no scope to increase their turnover, without accepting a whack of c£8k to their bottom line.
This a Conservative MP putting out of business fledgeling entrepreneurs.
My answers
I'm drawn to the HMRC saying they have 'usual high standards' and don't receive many complaints. What complacency.
I would suggest that the majority of specific letters we receive are of a poor standard. As an example I have one client who refuses to answer a particular letter, because they believe it a scam. I'm on the fence because another client has a similar letter which is genuine. But i'm not certain - so we are awaiting a second letter.....in about a year!
Why would I bother to complain. I'd spend all of my day complaining. Its plain as a pike staff that HMRC letters are poorly written and they shouldn't need telling.
What we charge and how we present a charge is a commercial decision. He who is weakest and richest will suffer the cost.
Quite perverse holding up the example of solicitors as the way to go!
Much better would be our professional bodies fighting the bureaucracy rather than tick boxing along with it.
An article entirely of opinions, be they right or wrong. What happened to accountant objectivity?
Jason is pretty well spot on. This Chancellor and Government are not bold enough to make any statements.
As I understood it the threshold was frozen to take a step back and look at it and whether it could be tinkered with. We waited several years. Nothing. Then this, which i'm sure does not even restore the threshold to an inflationary increase (over its frozen years).
There's an argument for rocket boosting the threshold, or lowering and stepping it.
I have mutiple clients being squeezed by the threshold, high interest rates and elevated energy prices. This Tory government is stifling budding entrepreneurs.
A sure fire indicator of bad law, when relatively intelligent people do not comply.
It is a sad indictment of our time that legislators have no clue as to practical solutions to practical issues. Just box ticking.
I'm vehmently against changing my 31st December year end clients just for the benefit of HMRC.
We are being run by administrators not entrepreneurs. It will be part of the economic death of this country.
My only outlet is to write that here!
What expertise does QB have in deciding how to select an accountant?
What expertise does QB have in accounting software for that matter?!
I know I'm looking at this rather simply, but! Say you are keying your data into this Pandora called Horizon and an error arises, you would run back through the trail of transactions looking for an error or two. If a transaction list isn't even available, don't you put your hand up straight away and in writing later, to point out there is no transaction listing, therefore the computer can be rebutted? How has a court of law overlooked needing proof for a conviction (innocent until proved guilty) - let alone the investigators, prosecution and defence leading up to any court action?
Secondly if you have a problem, you hone down and keep separate independent records to match back to Horozon for a time period - a week it seems. This may be onerous, but the sums involved are huge.
I often marvel at the Greeks inventing double entry bookkeeping. Why were accountants involved in designing Horizon not incorporating those principles?
Like others here I see similarities and omens towards MTD here, We have an infestation of idiots at the top of large organisations with no grasp of practical reality. How did they get there and how do we flush them out?
Dodge City awaits, where we advise clients to postpone or speed up receipts or payments according to their tax year.
Without the matching concept this will render accounts review useless. So they will be unable to compare margins etc year on year and decide to investigate anything wayward.
So Stride glibly bats away freezing the Vat threshold for another couple of years. He's not awake in his own consituency, where small traders have rising interest, energy and food bills and no scope to increase their turnover, without accepting a whack of c£8k to their bottom line.
This a Conservative MP putting out of business fledgeling entrepreneurs.