Member Since: 23rd May 2013
27th Mar 2020
On the government page yesterday about the grants for the self-employed, towards the bottom of the page, it says something to the effect that directors on PAYE may be eligible under the retention scheme. Obviously if they pay themselves the minimum and dividends, they won't get a lot aas dividends not covered, but better than nothing.
7th Sep 2016
I have found they are less likely to visit on a cessation (there's no guarantee the person still has a premise to visit...) and a first return/final return refund doesn't always trigger a visit.
I wouldn't pre-empt anything because 1) it might actually instigate and inquiry 2) There's no guarantee it will get to the operative who makes the initial phone-call to arrange appointments.
Just be prepared if the phone -call comes with the explanation and offer to send them any supporting documentation they require.
Had a VAT inspection last week for a new business that had a first reclaim due to fit-out costs and no income. Obviously they wanted to see the premises, but he spent 15 mins looking at the return (he even tried to find things we might not have claimed for) and then we spent the rest of the hour drinking coffee and having a nice chat about VAT investigations and how expensive it is to fit out a building!
8th Apr 2016
Yes, it is quite normal, I've had it happen twice and I would either talk to HMRC or get the client to do it.... I would certainly want to see the books and VAT returns before I attended a visit for a new client, and if you find anything blatantly wrong you can pre-warn the client of the possible consequences....
31st Mar 2016
Sage and Vat
I agree with Moonbeam about how it happens - make sure you think through journals correctly and use T9, but there are other things like if you delete certain transactions, which can be a pain. The Vat inspector wasn't bothered, it was more the auditors who wanted a sales reconciliation from the nominal to the Vat return. I agree about the export/manual correction (but keep a note of your adjustments if you have an audit). When you have 44 pages to the detailed vat return it is a total pain.
This is a fault with Sage and they are not interested in correcting it. But that's the arrogance of Sage. Over the past year I've moved my accounts and now my payroll away from them....
5th May 2014
I originally upgraded in early March - when you do this you don't get the new tax parameters OR the final version. I got another disk with the updates and it does exclude this error, but I didn't load it to start with because normally it only has the parameter changes and I'd done those.
It wouldn't load. I thought my new computer might have a dodgy-disk drive, but I loaded it on my colleagues 'old' computer and it loaded VERY slowly and took a load of encouragement. I took my disk to a 'techie' client and they eventually got it loaded on my computer by a lot of technical wizardry which s beyond most accountants (it involved creating a 'virtual' hard drive and copying the disk). It took a while to do it, but quicker than waiting for Sage. I had emailed them the same day. I don't have a support contract with them, because it is over-priced and it wasn't a support issue, it's a software issue. It took them over a week to reply and the response was that I needed the latest software update disk - so if you haven't got it, then demand it. The early disks were 20.00 and the version that works if you can load it 20.01.
I had the same problem when they brought in the different NI levels - I got an early update and they didn't send me the updated version for the LEL's etc. it was only when I phoned the sales person and complained threatening trading standards that they helped me (because I didn't have a support contract....)
Ken, pension error is probably because you haven't been able to download the correct version - it works on 20.01. I have now been submitting quite happily, although late to start with. Did notice that if you submit late you have to give a reason and 'c**p software isn't one of the options....
14th Apr 2014
Sage New Year RTI submissions
Just tried to file the firs payrolls for this year to get a compatibility error message saying the info can't be submitted electronically because HMRC do not accept submission of this type for 2014/2015 tax year!! Is this a Sage problem or an HMRC one?
I really can't face trying to phone either of them!