Member Since: 23rd Aug 2000
11th Feb 2020
Had the same thing, from a guy who drove around in a van all day. I asked him if the van had a clock on the dashboard, and if he had a mobile phone. I thought that should give him enough ways of checking the time.
10th Jan 2020
None of mine, current or ex.
Good luck with the £4.4m on the internet trader based in China. I'm sure naming and shaming will get them to pay up.
One clothing wholesaler in Birmingham (P.R.B. Trading Limited: £3.5m) that files micro accounts!
18th Oct 2019
Slip in a copy of your sales ledger record for the client so the new accountant can see how long he took to pay you.
That information ought to be in the client's own purchase ledger records anyway, so it isn't as if you would be divulging anything that wasn't already there, simply highlighting it.
9th Aug 2019
Be very careful, particularly if you act as Registered Office for either or both of these companies, as that could be a way for the client to work out who you are talking about.
2nd May 2019
Unless you have issued the zero-hours employee with a P45, then he/she is still an employee. Part-time or full-time makes no difference.
8th Apr 2019
I prepared and sent for approval seven individual and two partnership returns on Friday (5th), and filed three of those over the weekend (as I don't think the Gateway accepts them before 6th) and one more this morning. I had all of the information for each of them prior to 5th.
2nd Apr 2019
We had one aborted £300k purchase through Draper Hinks, and another one that proceeded in 2017 for £50k, so they will deal with smaller practices.
I have looked at some from Vivian Sram, but most of the ones I have looked into have been pretty poor quality.
The best I have found is Keith Underwood at Foulger Underwood ([email protected]) who encourage both parties to be realistic. Used them twice, in 2007 (£80k) and 2017 (£350k).
If you have a continuity agreement with another practice, they may be interested. We have just picked up a tranche of 11 clients (£25k) in January, and have an outline non-committal agreement for the remaining £20k fees when the practitioner retires, possibly in a couple of years.
14th Mar 2019
Reducing balance basis makes it less likely that accounting staff will depreciate more than cost, and there will always be a carrying value for each asset, no matter how small.
11th Mar 2019
From HMRC website: "You can ask HM Revenue and Customs (HMRC) to cancel your registration if your VAT taxable turnover falls below the de-registration threshold of £83,000".
If turnover is currently £130k (£10833pm), and each sole trade will have half of the future turnover (£54117pm) then, assuming turnover same every month, the amalgamated turnover (all partnership, plus individual sole trade) will not fall below £83k until 9 months after the split.
The business(es) cannot de-register until the turnover is under £83k.
11th Mar 2019
Won't each sole trader carry the VAT/turnover history of the partnership, meaning that neither of them can immediately de-register, so MTD is still likely to remain a problem for now?