I have worked from home on and off for years and the thought of asking the business to cough up for broadband that the whole family uses has never crossed my mind. What is important is that access to the office networks is secure. Provision of a laptop/ mobile phone etc should be provided. If you really have demonstrable issues with connectivity (eg if family usage causes wifi probs) then a second truly dedicated line could be attached, but as an exception. I would be very careful about building policies around this. The costs will quickly escalate out of control. My experience is that employees that try to claim this stuff have same mindset as those that think the company should pay for every coffee they drink on the road. If you already have wifi at home as most do why the hell would you ask the company to contribute. Tiny minds. People need to think whether they want a sustainable job in a sustainable company before penny pinching.
I agree with this 100%. Most staff would like the freedom of some home working. Time saving in not travelling to work plus saving in fuel costs should make the broadband cost pretty irrelevant I would say. Especially as they almost certainly have it already. I wouldn't be looking at paying for the staff to have broadband at home.
Easiest way to do this is to list all the CIS vouchers and match them to the Ltd company bankings. Send a letter to HMRC to explain that the contactor used the wrong UTR. Give them both to HMRC and that will sort it. Also send CIS voucher copies and Ltd company bank statement.
May take some time but we have done this on more than one occasion. It seems like way too much work to have to amend accounts due to an admin error.
So let me get this right, you have (e.g) a Ltd company director who does construction work for the general public. Due to covid 19, can only work for say 2 days per week whereas usually they work 5. You are saying that there can be no pro rate claim? I find that a little strange when they could part furlough their staff from 1st July.
As some have as said the rate of £17,290 plus day release, course fees and exams paid for is not unreasonable.
If I were you, I would keep track of the value of work that you do on a monthly basis. Adjust it for your input- so if you you pass it to director for finishing off then you would need to reduce it by maybe 20%-40% depending on how much work is needed to complete it.
Send a copy of the ds01 to all creditors explaining to them that there is no money to pay for a liquidation and that you intend to submit ds01 in 3 months time.
Invite them to appoint a liquidator at their own expense if they want to.
Job done. If they want to spend a few k on appointing a liquidator then they can but almost every time they don't.
If the company can't continue to trade, sold the assets and reduced the bank overdraft then unless huge amounts are involved then nobody is going to care in reality.
How much are we talking about?
You could then use the spongebob method to close it down. If there is no money at stake then eventually this usually works.
My answers
You say that but if someone has the experience and knowledge to help you improve the practice then that's not a bad thing is it?
I read a few books by Mark Wickersham and went on a few course and increased our turnover considerably over a 3 year period.
I would guess that say 500 -800 a month from each accountancy practice is quite lucrative.
I agree with this 100%. Most staff would like the freedom of some home working. Time saving in not travelling to work plus saving in fuel costs should make the broadband cost pretty irrelevant I would say. Especially as they almost certainly have it already. I wouldn't be looking at paying for the staff to have broadband at home.
I have thought the same too tbh.
This can be a bit of a nightmare to sort out.
Easiest way to do this is to list all the CIS vouchers and match them to the Ltd company bankings. Send a letter to HMRC to explain that the contactor used the wrong UTR. Give them both to HMRC and that will sort it. Also send CIS voucher copies and Ltd company bank statement.
May take some time but we have done this on more than one occasion. It seems like way too much work to have to amend accounts due to an admin error.
So let me get this right, you have (e.g) a Ltd company director who does construction work for the general public. Due to covid 19, can only work for say 2 days per week whereas usually they work 5. You are saying that there can be no pro rate claim? I find that a little strange when they could part furlough their staff from 1st July.
Surely, if they are trying to repay the creditors then selling the assets for the most they can is the best way forward.
If the creditors want to find out more then they can pay for a liquidator.
How much money is involved in this? If we are talking small money then honestly nobody will care/do anything about it.
As some have as said the rate of £17,290 plus day release, course fees and exams paid for is not unreasonable.
If I were you, I would keep track of the value of work that you do on a monthly basis. Adjust it for your input- so if you you pass it to director for finishing off then you would need to reduce it by maybe 20%-40% depending on how much work is needed to complete it.
Do you already know the value of your workdone?
Send a copy of the ds01 to all creditors explaining to them that there is no money to pay for a liquidation and that you intend to submit ds01 in 3 months time.
Invite them to appoint a liquidator at their own expense if they want to.
Job done. If they want to spend a few k on appointing a liquidator then they can but almost every time they don't.
If the company can't continue to trade, sold the assets and reduced the bank overdraft then unless huge amounts are involved then nobody is going to care in reality.
How much are we talking about?
You could then use the spongebob method to close it down. If there is no money at stake then eventually this usually works.