Member Since: 6th Nov 2002
6th Nov 2019
If your client is or was a dairy farmer this may be helpful:
In the past, milk producers have received shares and interests in the following bodies following the demise of the Milk Marketing Board.
1Milk Marque – certificates of entitlement issued in November 1994 not subject to tax. Interest on certificates of entitlement is income.
2Dairy Crest – free shares issued in August 1996 are capital and pooled with rolling fund offer shares. Nil base cost. Rolling fund cash offer and dividend are income.
3Genus – issue of Genus shares in December 1994 are capital with nil base cost.
4National Milk Records – shares issued April 1997. Capital with base cost at 45 pence.
From croner-i tax
28th Mar 2019
Thanks all, more research to do!
25th Mar 2019
Yes, it was Quicken. I liked it because as far as I remember the headings were more suitable to household rather than standard accounts and you could add investments etc.
I only use Tax Return software (Taxcalc) and haven't looked at accounts software. I'll have another look.
I'm looking for desktop.
18th Dec 2018
Same here, fingers crossed for a blip!
13th Apr 2018
It's always worth asking for the breakdown of balance sheet accounts. Many might be obvious but if there is something that really does prevent you from 'fulfilling your duties' you should and must ask for it.
The outgoing accountant will get bored very quickly with your requests which is why it's important to get in early. Only as a last resort get the client involved. I have seldom seen that to have a positive effect and it might look to them that you are passing the buck or out of your depth.
30th Mar 2018
The scammers seem to target certain areas by telephone numbers. A few weeks ago we had 10 clients phone us about this scam, and they had phoned the wife of our office manager and the father of our receptionist.
I agree with Paul D Utherone
Most of the clients who were concerned were young people. The rest were older and said 'I know this is a scam but I thought I'd just let you know'.
14th Mar 2018
Sorry about this, but I had the email prompt today and my payment was successful.
I allowed myself a wry smile whilst making the payment, as I typed in the payment reference number I noted it included the numbers 666. Apt, don't you think?
11th Mar 2018
You are right there, the way it was written made me think it was my fault, even though I was certain that the extra £40 charge wasn't mentioned when I made the renewal application.
This isn't my main source of income, far from it, apart from in my 'day job', I prepare 4 (yes four) tax returns for which I pay the £115 (now £130) registration fee plus now it appears another £40 'one off fee'.
For historic reasons, which I won't go into now, I charge them £100 per return. To be honest, it's more trouble than it's worth. So, do I
1 'wing it' and not be registered with HMRC for AML or
2 not charge for doing the returns or
3 write to my four clients:
Dear Mrs Smith
Although I did your late husbands return for thirty years I am no longer going to do yours. I am well aware that there is no way that you can do your own return as you are 89 and don't own a computer.
I'm seriously considering 2.
10th Mar 2018
I came on here today to tell you all about the carry on I have been having re my registration renewal.
Having to pay an extra £40, the fact that this was not mentioned on payment of the renewal fee and that I can't seem to be able to pay it now and will have to wait for an email reply within 2 days.
In my mind I had ready my rant, you were going to be left in no doubt about how angry I was!
Now I see that I'm not the only one, which makes me feel slightly better only because there was a doubt in my mind that I may have made an error in the original application.
No, second thoughts, I am still bordering on incandescent with rage.
29th Jun 2017
HMRC have also taken the view that local councillors cannot claim mileage for visiting the people who elected them.
The councillors place of work is the council offices and if Mrs Smith aged 92 needs to see her councillor she should go to County Hall. An hours journey in a car, if she were able to drive or, a three hour journey by bus.