Member Since: 3rd Oct 2011
7th Oct 2021
Fortunately, he's a builder and the end client being public - not registered.
7th Oct 2021
Hardly anything claimed from HMRC. VAT was claimed at an earlier date. Builder is not happy.
6th Oct 2021
Applied to deregulate a client in March 2021.
Received confirmation in August - back-dated to March.
HMRC said that client should alter all sales invoices i.e. remove the VAT element and refund the cash!
Not a happy client.
28th Aug 2021
I have used VTT+ for over ten years and love it.
My wish is that it had bank feeds. Yes, I know C SV files can be imported, but you have to rely on the client
I have been moving clients to the cloud and it has saved me so much time.
I know longer have to chase clients and they complete the bookkeeping themselves.
So I would not dismiss cloud accounting.
28th Aug 2021
I have been using FreeAgent for about 2 years. I now have around 30 clients on the software.
Many of the clients were very sceptical and felt they would not be able 'to get on with it'; all have said how easy it is to use.
Only this week caught up with an electrician client who barely knows how to send an email expressing how easy it is to use.
It has bank feeds and CSV import capability.
For straightforward, lower volume clients, I would recommend every time.
I have a couple of clients on QB and Xero, and have more issues with these two than all the others (in FreeAgent) put together.
That said, if you have CIS contractors, then stay well away from FreeAgent - the CIS entries are beyond a joke!
There are a few areas that need sorting and manual data entry can be clunky - there is usually a work around though.
2nd Aug 2021
I have used Onedrive for a few years and not had any issues*. I also back up to a standalone hard drive that I isolate from main PC. Finally, all files are downloaded from Onedrive to my laptop.
*I occasionally get a conflict with Payroll Manager files between the PC and laptop, but this is easily identified and can be sorted with little stress.
22nd May 2021
Have been using Accountancy Manager since last summer.
Advised all existing clients that the portal allowed for better security and met the latest GDPR guidance. All clients ‘signed up’ with no hesitation (about 60 or so).
All new clients have to use the portal in order to ‘e-sign’ LOE, proposal and such like.
Many are now uploading documents with little difficulty - and they seem to be more than happy with this.
Getting ‘signatures’ is now so much easier.
Lastly, the task manager, automated emails and the like makes life so much easier.
Be sure to spend time on deciding how and when to set the tasks/emails.
Whether you use Accountancy Manager or AN Other provider, it is a move that I would strongly recommend.
8th Apr 2021
I have been taking monthly payments for the past 8-9 years, and have only ever had one or two show any resistance.
I make light of the whole matter.
'Mr Client, all clients now pay on a monthly basis. I suggest you do this, otherwise, when the time comes, I shall be presenting you with you tax liability, and then to make matters worse, I shall be presenting you with an invoice for the pleasure of telling you what the tax bill is!'.
'I think you would find it better to pay for the (tax return, accounts, etc...) over the next 12 months, and then at least you know that bill is out of the way'.
Of course, should a client come to me and needs the accounts/tax return prepared there and then, then I charge a lumps sum for the initial work, and then monthly for the future work.
Seems to work for me - and of course, I then have a good, steady income.
Hope this helps.
25th Feb 2021
MTD for Income Tax will happen.
Other countries require quarterly tax returns - why shouldn't the UK.
A lot was said about RTI not being workable.
A lot was said about MTD for VAT not being workable.
Both are working (not perfectly, I agree), but they are working.
MTD for Income Tax will happen, and I for one will make the most of any opportunities that arise.
25th Feb 2021
I can fully understand people's scepticism with MTD for Income Tax.
I appreciate that this all seems unworkable.
That said, I have a business in Spain, and for the past 5 years I have had to submit a quarterly tax return. Also, the deadline is not one month from the end of the period, but 20 days!!
I employ Spanish accountants to complete and submit my returns, and they tell me that they seem to manage with all their vary varied clients.
Personally, I am going to look at MTD for IT as an opportunity to let go of my 'C/D' clients and charge my 'A/B' clients for the additional work.
That said - 'fingers crossed'.