Member Since: 3rd May 2003
14th Mar 2016
I have lots of clients who already have access to use online/cloud accounts etc. But most will only update them once a year, and sometimes months after year end. Having the facility is one thing, using it will be another.
I have quite a few clients that puts their "expense" claims in once every 3 years, as they find doing it "challenging". They all have apps they can use to make it easier, but it does not make any difference. I think the attitude is “we need to get a life”………..
The numbers of payrolls I do are going down, as clients are getting fed up with RTI and would rather not bother if they can find a way of not doing it.
I have had several Ltd company clients ask to Self-employed again as they want to “go back to not keeping proper accounts” - and yes this is what they have said to me.
30th Jul 2012
Its amazing. I had to go to Stratford on Friday afternoon to attend the opening a festival going on for 17 days (less than a mile from the Olympic village), and apart from the closure of the Maryland Station, travelling was easy and not at all crowded! The roads were so empty, that I decided to drive up from Hampshire on Saturday and again on Sunday (Sunday the London was like a ghost town). I going to drive up again this afternoon and attend for another day. Its wonderful. I normally would never consider driving in London, but no-one seems to be travelling in London at the moment. I have never seen the roads this empty.
16th May 2012
We all have to work to really tight deadlines in hope that clients don't get fined but HMRC seem incapable of doing the same and in the process they cause us extra work.
I have clients getting SA late payment penalty reminders even though I have had it confirmed a couple of weeks ago (by spending large amounts of time on the telephone) that they were issued in error as the details on the HMRC system have either been updated incorrectly or not updated at all.
24th Feb 2012
I know a couple of people (not clients) who used to take salaries of about £80k plus dividends. They weren't happy to pay the tax, but did anyway. When the 50% tax came along, they decided not to bother any more. I don't think they even bother to take their personal allowance.
They paid off their mortgages and have no debt. Just need "spending money " to live, which they pay their accountants to arrange.... (won't go into that here).
Most people begrudge others for having money which is really sad. A clever Scottish bloke went to Hong Kong and reduced the tax rate to a 15% flat rate after allowances and they have been raking the money in ever since.
Even the tightest person would be happy to hand over £15% of their gross income after personal allowances, but that would mean unemployment for most Accountants working in tax. But like the Poll tax, it would not be considered fair if "rich people" only had to pay this amount. By rich of course, we mean anyone who earns more or has more than us.
Oh by the way I don't pay the 50% or the 40% for that matter....
7th Feb 2011
The amount of £707,200 under the PoCA - Steed's 'available amount!
I don't know his true personal circumstances, but I presume the court was working on this was the amount of money he had available from his income after day to day living expenditure etc.... On the presumption that he did not have that available amount before 2002/03 - I can only presume he made the money (ignoring any extra for his lifestyle) after that time - and did not declare it!
Then the amount is proportional as he was unable to prove he had the £707,200 prior to being a tax cheat!
20th Dec 2010
All the people I know that get involved with these things have only done so as they find themselves with less and less money of their own to spend. As they earn more they pay more in taxes and have less.....
So they end up looking for ways to paying less than before, and in many cases none at all! ..
I know it would mean I would have less fees because my services would no longer be required to complete our complicated tax forms . (If you knew the number clients I have just because they can't do the forms themselves! )
But if everyone just paid a flat 15% of their income in taxes (over say £10k) then no matter how much someone earn't most people would not object to giving 15% of their income to the Government..... Esepcially if it mean't things were easier and simpler. Not paying tax is becoming a national pastime because of increases in tax and national insurance rates. No other reason. I know a lot of people who go on holiday rather than earn more - so they don't have to become VAT registered. Many will not earn over the Basic Rate. Of course there are those that will never earn, because they are better off not working and not paying tax etc..... The Government needs more money, but unless they find a way to encourage people to earn more which is not complicated and easy without a burden to anyone people will keep looking for ways to avoid paying "Extra Tax" - because that is what they believe it is - "Extra Tax".....
16th Dec 2010
The IAB course in computerised bookkeeping can be done on ANY software.
Sage and no other software provider has offered this as an extra benefit for students as the article says - as people who do use Sage, do not use it to its maximum and Sage felt this was one way of providing an oportunity to IAB students to have an extra certificate to prove they were properly Sage trained.
I for one, have found so called "Sage experts" set up Sage for businesses, only to get it completely wrong, and this is something Sage seems to recognise does happen too often!
And no, I'm not an Accountant that would normally recommend Sage, but understand the reasoning behind what they are doing. Its a shame other software companies don't do the same.
4th Aug 2010
Never going to happen......
Still too many companies get Struck off the register due to the director taking all the money in the accounts and not doing the paperwork. I have refused to work for these companies in the past - because they can't pay thier bills (including mine) as the Director has spent all them money on themselves. Only to see Camplies house strike the companies off years later due to non submission etc.... Now it tends to happen sooner - but it is still common place.
Every case I have seen - they have got away with it.
1st Jun 2009
Its a Joke!
Before IR35 Contractors were happy to trade under Ltd companies, and pay Corporation Tax, and sometimes - even some Income Tax.
I suspect that the amounts the HMRC lost was even more than the amounts it brought in! And all the costs involved.......
All IR35 did, was discourage trading using a Ltd company for Contractors and a number of schemes were set up involving Trusts etc etc etc,. to avoid IR35 etc and the HMRC received next to nothing in Tax...........
15th Jan 2009
People have their own reasons why they choose to join ICPA.
For example, someone who has passed all the ACCA exams, cannot set up in practice without getting experience within another "approved" practice. Having spent years studying and passing the exams to join the ACCA, what are they supposed to do if they aren't able to get experience within a "approved" practice? Its understandable they don't want to give up!
- So they decide not to be a member of the ACCA and instead set up as a unqualified accountant, or gains experience within a practice not approved by the ACCA. They then gain the experience to join the ICPA instead. Some, depending on if they are allowed to still, will go on to join the ACCA and apply for a practice certificate - but not all will be able or want to do this. People have their reasons why they choose to do things the way they do and only they know why.
I know someone who is a ICPA , but also a member of the Tax Faculty of the ICAEW - does this mean if you lost a client to him, you think it is acceptable for you to say he was not qualified.
Oh - and by the way, you don't need to get a medical degree (5 years at university) to become a Doctor!