Member Since: 2nd Dec 1999
19th Jul 2019
I agree with most of the comments on here - I use an HP and have found it to be a good reliable work horse. Dell are also good, and I have heard good things about Microsoft Surface Pro, but have not used one and they are expensive. Windows10 and an SSD are now essential.
I would also urge you to consider how you are going to back up all your data - if the laptop goes bang, you need to be able to restore to a new device quickly and easily. There are many cloud choices, but check where the data is stored and, of course, the good old GDPR.
Its a personal choice, but I still wouldn't use Apple for business.
20th Apr 2018
Agree with all the comments about FDs picking up what no one else wants - I've had that myself
With GDPR, however, there is a chance for us to fight back to some extent.
Unless you are a public body, where it is mandatory for you to have a DPO, it will depend on the business you are in and the personal data you are processing whether you need a DPO (Article 37 of the GDPR). If you do, then the FD cannot be the DPO. GDPR article 29 states that the DPO must act in an independent manner and cannot have a position that "leads him or her to determine the purposes and the means of the processing of personal data.". It states that as a rule of thumb this excludes senior management and possibly other management positions from being DPO as there will be a conflict of interest.
Plus, the DPO is expected to have the necessary skills, experience and knowledge to undertake the role. That doesn't mean a webinar.
So you may not be the DPO. Doesn't mean that the rest of it won't fall to you, of course.
8th Feb 2018
Your hotel clients should consider Legitimate Interest as a lawful means of communicating with their customer, although they could only do this through post or telephone. Emails would come under the PECR regulations - yet another set of regulations, which are undergoing a revamp with revisions due out later this year.
4th Nov 2013
Online account wrong
I have had discussion with HMRC recently as our online account was showing a balance owing, which I knew to be incorrect. When I spoke to them, they confirmed that the account on their records was showing up to date and clear. They referred me to their technical team, who deal with the online account. They checked the FPS and EPS, all confirmed as received OK, and our account clear. They had no explanation why the online account was showing a balance due (Which, incidentally, I knew to refer to an EPS)
So, I hope it will get sorted out, but they didn't seem to be bothered by it and neither intended to take any action on it.
I have another company, which I know is also wrong.
Haven't received any letters, so should I worry? Will it get sorted by the year-end?
29th Aug 2013
We still use the tried and trusted rear view mirror approach to our performance, people feel comfortable with that. However, I am constantly looking at ways that we can take a more proactive and forward looking view, with some success in part of the business. We haven't used it in our budgeting yet, but it is used in evaluating changes within the business and has proven to be useful in addressing business issues with the non-financial people. At the moment all of this is stored on various spreadsheets and systems and we haven't addressed how we are going to pull it all together and make it easily accessible. In the current climate, we need indicators and forecasting to be timely, and all for less resource!
15th Mar 2013
Have you tried...
I don't know if the version matters, we are on 2012. I assume that you have have the advanced budgeting set as outlined in another post and that you have entered your budgets. The budgets need to be entered manually as there is no way to import department budgets via a spreadsheet. Thats why we don't use them!
Under Nominal Ledger, Reports, Profit & Loss Reports there is a reort called "monthly Profit & Loss by Department (Advanced Budget)". Run this for a department and it should produce your reports if the figures are present.
You can view them on the Department Tab, click on the Budget icon and you can then select a department to view them and the actuals on screen. This is where you enter the budget figures, so I believe.
Hope this helps
11th Mar 2013
Receipt of Earnings
HMRC note EIM 42270 quotes the following
"Actual payment happens when the income comes into the control of the employee so that they are able to deal with it for their own use and benefit."
I think with your weekly paid people, you may need to review their contract and see what the payment covers and when they become entitled to it.
23rd Aug 2012
I must confess I have not worked in practice, having gained my qulaifications in industry. But I would say, hold onto to your salary level if you want to work for a large company. However, consider this. I went from a large corporate, which was boring and tedious, to a smaller family company where I learnt an enormous amount, had great variety (you get involved in lots of different things) and was fun. You may need to revise your pay expectations for this, but it will stand you in good stead if you then decide to return to practice either on your own or with someone else. I would agree with the comments though that advise you to get your PC before you leave practice.
18th May 2005
We have exactly the same situation and there is a BIK to the director on the market value of the asset i.e the plate. even though the plate pertains to the company rather than the individual.
14th May 2005
I would agree with what has already been said. I don't know what version of Sage you are using, but I use cost centres so that expenses for P11D purposes can be reviewed a bit easier.
Don't know if this will help.