Member Since: 23rd Aug 2000
23rd Mar 2020
The guidance says it is automatic - see below. Stopping the direct debit may cause problems with refunds in future quarters.
Government guidance: This is an automatic offer with no applications required. Businesses will not need to make a VAT payment during this period. Taxpayers will be given until the end of the 2020 to 2021 tax year to pay any liabilities that have accumulated during the deferral period. VAT refunds and reclaims will be paid by the government as normal.
23rd Mar 2020
I don't see why not as they will be included on the RTI returns. One director client has asked if they can increase their salary and claim 80% of the higher amount as they are on the standard low salary/high dividend package. I anticipate that this will not be possible as I would think HMRC would look at recent RTIs to assess salary levels.
9th Mar 2020
If the accountant is correctly named in the report, the practice is based in Gateshead, and has a huge balance sheet deficit. Also reports under FRS102 (probably unnecessarily as it has zero employees), so a few more notes on their accounts at Companies House (which are always filed on deadline day).
A Google search points to a website of a US based business.
All a bit fishy, and I would be surprised if HMRC were not already looking into the firm.
12th Feb 2020
CPD can be done via webinars, so it doesn't even involve leaving your office chair.
11th Feb 2020
I never take out of hours appointments. I just don't need the aggro. If the client values the accountant enough, he will make time to come along in office hours.
As regards cancellations, everyone gets one chance, and no more. One no-show is (just about) OK, but a second one and they need not bother to contact me again as I would refuse to see them.
4th Dec 2019
Just because audit is not as profitable as consultancy, it doesn't mean it is unprofitable!
15th Oct 2019
What about the AML compliance costs; preparing engagement letters; agent registration with HMRC; obtaining transfer info from the old accountant (which will be difficult)?
New clients blaming someone else are, more often than not, complicit in the alleged failures, and will blame you when they mess up again, so I factor in the initial take-on costs when pricing, which I might not do if I perceived a better, longer-term relationship.
On your fee suggestions, b, obviously:
a. There would be no chance of not getting paid, as the new client would pay up front or go elsewhere. Any other arrangement in this scenario would be madness.
b. If it is worth that to the client, then charge that, and get paid first.
c. As noted above, you missed out an awful lot of your time in your calculation.
6th Sep 2019
GDPR and client confidentiality would also prevent us from rebutting some of the spurious claims.
12th Jul 2019
What is the point of a two person tribunal where one has the casting vote?
8th Feb 2019
Agreed. I couldn't believe that the article was suggesting that there was any other way.
When I joined my practice 20 years ago, the elderly (now ex-/deceased) partner used to send out draft accounts and tax returns and not bill until they were agreed, usually many months later. That was bad enough, but doing the work, agreeing and filing everything, and then billing even later is madness.