I am in practice in sunny inverness, after years of working in Edinburgh and London. Moved in to practice after working as an FD and running my own retail business. Clients range from sole traders to companies employing dozens, from those with income below tax threshold to additional rate, from agriculture to wind farms.
I suggest you look at VT Transaction+
Its sales and purchase ledgers are far easier to use than Xero and QB. You can match off receipts or credits against invoices and see what is outstanding much more easily. Finding imbalances in, say, a payroll control account is easy as matched entries show up and can be hidden to leave only open entries.
Apart from those who demand "cloud" or multi-user, it has everything.
He needs a payroll system and an accounting package.
Using document capture CAN work- or it can be a mess. The scanned picture is useless unless or until it is allocated correctly in an accounts system.
Keep it simple is my advice and I am sceptical of ability of many clients to use Expensify or similar document scanning systems.
VT Transaction+ is simple and cheap. Any payroll package will do CIS but, unless he is fairly well organised, it might be better for him to use a payroll bureau.
I use VT and Dropbox so all my work files are held within the Dropbox cloud.
It is a brilliant system as I can return a file to an earlier version if I need to. Eg if I pull up a file, update it for a different client, then save it, but forgetting to save under a new name. I would resave under the new client then recover the original.
If a parent extracts money from their company to pass to a daughter's company as an interest free loan it should hit their Director Loan account and may trigger a S455 tax charge. That's a "Yes" to possible tax implications.
That position would not be different if the loan was direct to the daugher or to her company so that's a "No"
Do you want to stick with a London accountant? Last time I took on a client from a mid-sized London firm my new client saw fees reduce by more than half. When I lived in London my costs were higher. That is reflected in fees.
We can do all these things you need remotely and "meet " on the telephone or on Teams. [email protected] if you want to change.
This is an example of why fixed fees are not always the best way forwards. Why on earth should you do work, not included in your expected workload, without charging.
My invoices to clients can go down or up in any given period. It depends what I do for them.
R&D is an area where, for very little work, dodgy R&D "specialists " take 20% of the figure they think they can get away with.
It's beyond time when HMRC should be rejecting many many claims from people who could not research a new way to drive home and could not develop an new idea if it was presented to them on a plate.
Builders and other trades rarely develop new techniques. They are doing just what their clients instruct.
HMRC should throw the book at the R&D sharks.
You answered your own question.
Payments on account are due unless at least 80% of the tax due is collected via PAYE.
You told us 68% of tax due was collected. That is less than 80%
My answers
I suggest you look at VT Transaction+
Its sales and purchase ledgers are far easier to use than Xero and QB. You can match off receipts or credits against invoices and see what is outstanding much more easily. Finding imbalances in, say, a payroll control account is easy as matched entries show up and can be hidden to leave only open entries.
Apart from those who demand "cloud" or multi-user, it has everything.
VT for book keeping and accounts preparation
Brightpay for payroll
FTax for SA, CT and Trust returns
He needs a payroll system and an accounting package.
Using document capture CAN work- or it can be a mess. The scanned picture is useless unless or until it is allocated correctly in an accounts system.
Keep it simple is my advice and I am sceptical of ability of many clients to use Expensify or similar document scanning systems.
VT Transaction+ is simple and cheap. Any payroll package will do CIS but, unless he is fairly well organised, it might be better for him to use a payroll bureau.
I use VT and Dropbox so all my work files are held within the Dropbox cloud.
It is a brilliant system as I can return a file to an earlier version if I need to. Eg if I pull up a file, update it for a different client, then save it, but forgetting to save under a new name. I would resave under the new client then recover the original.
If a parent extracts money from their company to pass to a daughter's company as an interest free loan it should hit their Director Loan account and may trigger a S455 tax charge. That's a "Yes" to possible tax implications.
That position would not be different if the loan was direct to the daugher or to her company so that's a "No"
Do you want to stick with a London accountant? Last time I took on a client from a mid-sized London firm my new client saw fees reduce by more than half. When I lived in London my costs were higher. That is reflected in fees.
We can do all these things you need remotely and "meet " on the telephone or on Teams.
[email protected] if you want to change.
This is an example of why fixed fees are not always the best way forwards. Why on earth should you do work, not included in your expected workload, without charging.
My invoices to clients can go down or up in any given period. It depends what I do for them.
R&D is an area where, for very little work, dodgy R&D "specialists " take 20% of the figure they think they can get away with.
It's beyond time when HMRC should be rejecting many many claims from people who could not research a new way to drive home and could not develop an new idea if it was presented to them on a plate.
Builders and other trades rarely develop new techniques. They are doing just what their clients instruct.
HMRC should throw the book at the R&D sharks.
Maybe HMRC system support people are (not) working from home.
No access to agent accont today.
You answered your own question.
Payments on account are due unless at least 80% of the tax due is collected via PAYE.
You told us 68% of tax due was collected. That is less than 80%