Member Since: 19th Nov 2009
31st Jul 2019
8th Aug 2014
This brings another thought...
Is this just a go at accountants or will it expand to include solicitors. I know of someone (not a client so I cant get involved) whose father appointed a solicitor as executor. When IHT calculated solicitor missed 'gifts out of normal income' resulting in a large IHT bill.
What does anyone think?
29th Apr 2014
Not everyone is like you John!
... proof being that if you read the article carefully it includes links to comments made under other Any Answers and other articles.
There are also other points to consider - I particularly liked the 'bribery with wine' one and is something I had not thought about and will try... or maybe chocolates?
28th Apr 2014
This is not a list of 'problems'...
.. it's a very useful checklist of points to consider.
You've obviously not read the full article John.
I cant see where the 'problems' are...
28th Oct 2013
John is right...
as ever HMRC look for the easy option. This week I have been approached to sort out a father and son business - father has already an Enforcement order against him and wants to pay 100 v a 6K debt. Thing is he stopped paying HMRC over a year ago and it has taken them this long to do anything.
Son is 25years of age - pays NIC class 2 but has never ever submitted a tax return - always been self employed. Why dont HMRC spend some time matching NI submissions to SA submissions - they might find something there.
8th Mar 2013
This is all a bit late isnt it?
I had a client email me in a state because they had only heard about it on Radio 5Live today. I had not advised him as he is one of our under the personal allowance Directors and doesnt have a payroll system being a one man band.
Apparently the radio said it was going to cost small businesses dear and it frightened him.
8th Mar 2013
HMRC have announced it...
Jennifer has written about this campaign - see her article - link below...
>>> HMRC havent shouted it from the rooftops but it has been on their website for a while now
10th Feb 2013
Can we agree what to do please?
I've read all the text and listened to some webinars etc but I'm still not sure what to do...can someone please advise what we do with our directors salary/dividends?
Do we just submit a monthly return from Apl of £675 (or quarterly of £2025?) and then add the additional NI in the last month?
Will the new HMRC PAYE online system appreciate that there are such things as annual periods?
Or do we just allocate the salary amount to the directors loan account in Apl and sort it all out at the end of the year?
I am being asked these questions by clients and am not sure what to tell them.
5th Dec 2012
Text does not say Proof applies to paper filing...
... what Jennifer's text states is that should you have registered for Proof and then try to submit via paper Co House will normally reject the paper forms.
This is quoted straight from Co House website itself as follows.....
Once registered for the PROOF scheme, Companies House will normally reject any paper versions of these forms and send them back to the registered office address.
14th Sep 2012
Not only for incorrect returns....
Doing HMRC’s work for them...again...
New client came to me a few months ago. He had cancer and knew he did not have long to live. He wanted to get his tax affairs up to date so that his wife would not be bothered after he died.
It turned out that he had a £3000+ tax bill but he had ceased work over a year ago living on his savings/disability benefit and thus had no money to pay the bill. Tax return was done and liability agreed. I charged nominal amount and was paid.
Client dies, I wrote letter to HMRC advising them.
Waited over two months before receiving a letter back from HMRC Newcastle stating that in the circumstances they would cancel debt - letter was dated 17th August.
Today received a demand adding the 6 months penalty.
I go onto HMRC’s website to find I am still down as agent.
Phoned HMRC who took great delight in telling me that they would not speak to me as I was not down as the deceased’s client. Had to get the executor (wife) to submit 64-8 etc etc etc.
Point is... why do I have to spent my time getting authority when I wont be paid just so I can speak to HMRC on the phone to tell them that they should update their records.
After ringing twice and not being able to get anyone to speak to me I asked their advice and they said to write in to... yes, you quessed it... the same place from where I had received the letter that had confirmed that the debt was to be written off over a month ago... HMRC PO Box 1000 Newcastle and no... I could not speak to the writer of the 17 Aug letter.
So I will have to write a letter attaching a copy of the one they sent to me confirming that they would be writing off the debt otherwise they may visit his house to collect an unpaid bill which is not due...of course I cannot charge for my time. Just because of their inefficiency.