Who is the CEO of Float to spout forth on the question of MTD for VAT? We haven't signed anybody up to MTD yet, based on many years of experience with new HMRC IT initiatives. Quite happy to let other people find out what's wrong with the new system. Example - the new system can't give you a list of clients enrolled. Apparently to be fixed, but clearly in need of fixing.
How does he know what accounttants have been doing? We've been talking to clients about it for two years or more but given that HMRC have changed their mind several times on how it works, what is the point of rushing headlong to change their internal systems?
Don't forget that HMRC were supposed be be sending letters out last summer and some clients still haven't had them. Apparently it's OK for HMRC not to do things on time. We all know their attitude when others don't.
And Mr Float tells me I "need" to look at registration today. No I don't. I need to look at registration in time to file the first return under the new sytem, and in my case that's by 7 October.
Almost every article I read seems to think that lack of sign ups is proof of lack of activity or preparation. It's a bit like claiming a footballer isn't prepared because he hasn't put his boots on for a match at the beginning of July. And of course thinking of boots makes one think of cobblers.
I don't know why you bother with rent-a-quote advice from people who clearly haven't got a clue about life in the real world of practice.
I found that my view of retirement age changed. When I originally set up the pension plan, I put 60 on the form, as one often does when one is younger, then when I got the "you are retiring in x months" letter, realised that I just didn't want to. It was quite easy to put the date back and carry on making contributions. I had an outline plan in mind.
Then I reached 65, and again didn't want to retire (as in "the plan" but found a change in mindset. Before then, difficult days (always caused by clients obviously!) were shrugged off as all in the daily routine. After that date, the thought started to creep in that I don't have to put up with this any more! A few more years down the road and I've realised that it's time to get out, more or less in line with what I planned when I was 60. That process has now started.
It's nothing to do with MTD or other technical changes - I've faced and dealt with plenty of those over the years - but motivation has changed.
I won't pack in completely, as I have a small core of jobs that I expect to keep on if the clients are happy - indeed some have asked if they can be included. I also have external interests which occupy a fair chunk of time.
So basically I'd say to pick a date and fund towards that, but you might find that your mindset changes, and you can change the date according to how you feel.
I wouldn't dream of telling you what to do, but you might want to consider developing interest(s) outside work - a return to a long forgotten hobby perhaps - so that you can fill time after the event.
The message is in the lyrics, not the title.
Sage may be "renewing their love" but from this angle there is little chance of reciprocation. Too many years of inferior products, poor service and generally being a dreadful company to deal with are not going to be forgotten overnight.
Their sole raison d'etre for many years seems to have been to screw as much money out of everybody as they can (not uncommon with software suppliers with four letter names) and that's being manifested again with prices charged for upgrading to MTD
The idea of renewing their love reminds me of the Pink Floyd track Lost for Words. :-)
I'm also skipping the parties. I object to the cost being bundled into the overall conference charge - it should be optional. I wouldn' go to an awards dinner if you paid me - always accepting that there is a (large) figure which might change my mind - but generally they are nauseating
I've worked out which sessions I want to attend and which I don't. The "showmanship" does nothing for me, and if it gets too evangelical I'll be off. I do like the software and have used it for a long time now, but some of the presentation is way OTT
Bank holidays are a total irrelevance in modern life. If you are trying to keep bank holiday Monday as "special" then you are going to have as much success of those trying to keep Sundays "special." For many years the only thing that a bank holiday has meant to me, and I suspect many others, is too much traffic to bother venturing out.
Many of us are quite good at ignoring mobile phones and emails when it suits- many of course are not. Their problem not mine.
And I wonder if people who want to keep bank holidays or weekends special actually go out and use shops and other outlets staffed by people who clearly can't keep those days special.
The view from the grumpy side of life. :-)
"I am Marketing Director of DNS Accountants comes with a great experience and expertise in IT and Marketing related activities."
But zero expertise in tax, it would appear
I wish that they would be more transparent on pricing. All we can glean seems to be that it's £50 per month for up to 15 clients, and that it's well suited to teams of 100+. That suggests that it might be a premium price product.
I'm not looking for a free or cheap solution, but realistically I need to know what part of the market that the product is in. After all, there would be no point in test driving a Rolls Royce if your market is a Ford Mondeo, would there?
MTD is going to happen, so there is no point in whinging about it. It's like other changes introduced like self assessment and compulsory online filing.
It might be too rushed, but that's outside our control. The big issue is that we still don't know which clients are going to be affected, and frankly I think that it's disgraceful that HMRC haven't made their mind up on this. If clients have to change their record keeping, I want them to do it in April this year, so that we can iron out errors and training issues before the system goes live from 2018. I don't want to be scaring small clients and then find that HRMC actually makes a decision that they are excluded.
I've already identified those clients affected by the original proposals (unincorporated >£10K) and categorised them, using the same categories. I'll get in touch with anybody over the VAT threshold first, and consider the smaller ones in descending order of turnover.
I'll add another voice to express dismay that we still don't know the turnover threshold. Our plan is to convert included clients to bookkeeping software from April 2017, so that they have a full year to get used to it and iron out the glitches before MTD goes live. Most of them aren't going to like it at all - if they'd wanted to "go digital" they'd have done so by now and HMRC's contention that they'll save money through all of this is delusional.
It is a complete disgrace that months after the consultation closed they are still "thinking" about this. After all, not all responses would have come in on the last day and shocked them with the viewpoint that £10k is stupidly low