Member Since: 6th Oct 2011
11th Jul 2016
Personally I'd stick with Inform Direct. The issue of dates updating is temporary by my understanding. I have have an email on 29th June about this. It says this was due to Confirmation Statement changes at Co Hse end.
I think it might already be resolved - it appears to be on my dashboard.
14th Apr 2016
We have just started using Inform Direct and have been highly impressed.
It has been really well thought through and put together plus they have pretty impressive customer service.
8th Sep 2015
It is good to know the new de minimis rules and to get the general feeling that VAT inspectors will not give leeway.
5th Dec 2012
13th Sep 2012
That is brilliant.
12th Sep 2012
Hi thank you for feedback so far,
Client is new to me and to trading this being the first year. Opening stock was accumulated over some time before trading and value is estimated because receipts were not kept.
14th Jun 2012
Many thanks to everyone for a speedy response.
20th Nov 2011
As someone specialising in sole traders
I specialise in sole traders and I suspect that even if it was simplified, clients would still want an accountant for two reasons.
Firstly, the present system is not prohibitively complex that many clients couldn't DIY already. They don't because quite rightly they realise their time is better spent elsewhere.
Secondly I think they want someone who they can to talk to about their business.
20th Nov 2011
I found two books were really excellent investment of time: Positioning for Professionals by Tim Williams and the E-Myth by Michael Gerber. One lays a foundation stone for your marketing, the other gets you to think about your practice as a business. Much of what they contain is echoed above, but as I say an excellent investment of time nevertheless.
6th Oct 2011
My thoughts are:
Simplify the stock take by accounting boxes of your small items rather than each individual one. It is a bit difficult without knowing the specifics of your stock, but for example if you are selling cable ties at 20p each which come in boxes of 500 costing £100. Account for the £100 boxes in the stock take rather than the 20p individual items.
Obviously this will be less accurate but there is a concept in accounting called materiality. Basically this means if the inaccuracy is not creating a false impression of the business because it is so small relative to the size of the business, then you can ignore the inaccuracy. It is quite commonly applied to stock taking - typically of stationery items at a year end.
You would need to be the judge of what is a material inaccuracy and what is not.