Member Since: 21st Jun 2013
30th Jul 2019
So true. You are definitely not alone and I think a lot of sole practitioners are feeling this way at the moment.
I think Nick's point about considering sacking some clients is spot on. It does tend to be the same few that cause the most stress and getting rid of them can really ease the burden if you can afford it financially.
Secondly, if you are earning reasonable money, then there should be no need to works seven days a week. The more you respond to emails at weekends, the more clients expect it. It is no surprise that stress and anxiety comes if you never have a chance to physically and mentally switch off.
22nd Jan 2018
I think they're probably rubbing their hands together, waiting for the raft of late payment charges that will be coming their way. Its all part of a cunning plan...
Plus the fact that quite a few statements are just stating the 2016/17 balancing payment and still missing out the 1st 2017/18 POA!
HMRC say that they are aware of this issue but are not making it public at the moment...
11th Aug 2017
Has anyone found a tax return being rejected where neither a Group A nor Group B situation applies?
I have just had a return rejected because HMRC are allocating all the personal allowance to non-savings income, whereas allocating it across NS, S and D income gives a better result.
What about all those poor taxpayers using HMRC software and overpaying tax?
Now very grumpy on a Friday afternoon!!
8th Mar 2016
I think it would effect gift aid.
In the scenario mentioned by Jon (pension £10,000, dividends £5,000), there would be zero tax liability. Therefore, if the pensioner did make gift aid contributions there would be a retained tax charge equal to the basic rate tax the charity reclaims on the gift.
We would need to start advising such clients not to tick the gift aid box.