I remember when I returned to the UK in 2010 and the Conservatives had just been elected. They promised a reduction in red tape and compliance for businesses. I now am beginning to think I must have misheard David Cameron in 2010 and Boris in 2016 (when Brexit promised the same thing.)
The least HMRC could do is put on their big pants and change the tax year end to match a period end - 31 March or even better 31 Dec. They changed it successfully in Dublin when I was doing my articles.
When I first started using Xero in 2010, they often used to say that Xero is built by non-accountants for non-accountants. And sometimes that ethos shows in the product itself as they focus on things that are not important to accountants and ignore the things that are.
Single client record still doesn't work as Workpapers still lists every client you currently have and ever had. We must have at least 500 defunct accounts in the client list you can't get rid of.
Hubdoc is hopelessly inadequate.
Payroll is very average. After having used it since the beginning we are switching to BrightPay for all clients from April 2024.
How much do involve the client in the outsourcing process? Every time I talk to clients about outsourcing they're always reluctant and are happier to pay higher fees to have work done in-house. I don't have a huge client base but they seem pretty adamant that work is not to be outsourced and certainly not offshored.
I'd love to take advantage of the cost and flexibility of outsourcing and offshoring. I'd love to know how others do it.
Just about to look into Practice Ignition again after not having used it for a number of years. No chance now after this little nugget of information. Whatever 'strategic tie-up' means today is not as important as what it means in the future. I'm just not prepared to go through the pain of integrating any software into my business that Iris could potentially get its hands on in the future.
In my experience with employing people to WFH, you need to ensure that the employee has hobbies or social activities that bring them into contact with other people regularly. Otherwise, the isolation of WFH eventually takes its toll.
The big three (QBO, Sage and Xero) all have their strengths and weaknesses and we use all of them........based purely on what's in the best interests of the client.
Do you mind me asking, are your staff all well versed in all three, or do you have different teams for Sage, Xero and QBO? We only use Xero but as we have grown it may be worth looking at the others now and am just wondering how to set it up.
Should Sky not have collected these as part of a PAYE process and therefore HMRC can look to them for the cash? After that, it is between Sky and the presenter.
My answers
I remember when I returned to the UK in 2010 and the Conservatives had just been elected. They promised a reduction in red tape and compliance for businesses. I now am beginning to think I must have misheard David Cameron in 2010 and Boris in 2016 (when Brexit promised the same thing.)
The least HMRC could do is put on their big pants and change the tax year end to match a period end - 31 March or even better 31 Dec. They changed it successfully in Dublin when I was doing my articles.
When I first started using Xero in 2010, they often used to say that Xero is built by non-accountants for non-accountants. And sometimes that ethos shows in the product itself as they focus on things that are not important to accountants and ignore the things that are.
Single client record still doesn't work as Workpapers still lists every client you currently have and ever had. We must have at least 500 defunct accounts in the client list you can't get rid of.
Hubdoc is hopelessly inadequate.
Payroll is very average. After having used it since the beginning we are switching to BrightPay for all clients from April 2024.
Mediocrity seems to be the standard at Westminster.
How much do involve the client in the outsourcing process? Every time I talk to clients about outsourcing they're always reluctant and are happier to pay higher fees to have work done in-house. I don't have a huge client base but they seem pretty adamant that work is not to be outsourced and certainly not offshored.
I'd love to take advantage of the cost and flexibility of outsourcing and offshoring. I'd love to know how others do it.
Just about to look into Practice Ignition again after not having used it for a number of years. No chance now after this little nugget of information. Whatever 'strategic tie-up' means today is not as important as what it means in the future. I'm just not prepared to go through the pain of integrating any software into my business that Iris could potentially get its hands on in the future.
In my experience with employing people to WFH, you need to ensure that the employee has hobbies or social activities that bring them into contact with other people regularly. Otherwise, the isolation of WFH eventually takes its toll.
Do you mind me asking, are your staff all well versed in all three, or do you have different teams for Sage, Xero and QBO? We only use Xero but as we have grown it may be worth looking at the others now and am just wondering how to set it up.
Should Sky not have collected these as part of a PAYE process and therefore HMRC can look to them for the cash? After that, it is between Sky and the presenter.
That's a good point and I am not sure if these types of transactions in the City of London fall under the real-time gross settlement (RTGS) transactions.
FWIW I got my figures from this page: https://www.bankofengland.co.uk/payment-and-settlement/payment-and-settl...