Member Since: 18th Feb 2010
23rd Feb 2021
On the matter of professional clearance, there is no reason why you couldn't produce the "pack" off your own back, and send it to client, ask them to forward to chosen new accountant.
Gives you a bit more control of the flow. Maybe still a one liner exchange with new accountant, but not all the attachments.
1st Feb 2021
I certainly would in these circumstances.
Nightmare client. We've had a January of them.
14th Apr 2020
I'm fortunate that the same postie does office and my home. So with my seven staff working from their homes, I've had postie bring office post to my home and I am back to being post girl (Plus ce change) scanning it and distributing it.
80% of that post is HMRC - one client posted some records, a few others have forced them through office letter box. I'm going into office every few days for a security check and collect anything thats posted.
I think one of my staff is planning to run a short office based session this week for clients to drop off records at the door socially distanced, for those who can't email or post. Maybe we'll do that once every couple of weeks.
Meanwhile I've also tasked someone to get a supply chain of sanitiser etc set up for when we do reopen physically.
14th Apr 2020
Likewise - pushing clients gently to get 19/20 done to help understand SA for 31.1.21.
Offering fee deferrals, under signed, agreement if they need it.
17th Mar 2020
I've had a couple of these over the years who have gone one stage further and altered the return - a flat £5k on the expenses, a flat £10k off of turnover.
We go to small claims for the fee - just done one recently, the judgement is sitting there, so next time they go to change their car/phone/mortgage they will be reminded.
And of course, AML report, contact HMRC fraud, write to HMRC and withdraw the 64-8 "previous returns cannot be relied upon" - hope they get whats coming.
Other than distrusting everyone, I'm not sure what the way around this is. Occupational hazard. Obviously the more clients on Direct Debit or up front the lower the aggregate risk.
26th Apr 2019
I purchased a small practice last year and integrated it into my own existing firm - I am ACCA regulated, vendor unregulated.
GDPR was not considered an issue. We bought the client list and files, and they were transferred to us. We contacted all clients with new engagement letters and requested new ID&V.
As is normal, onboarding rate was around 80%, but of those who didn't we only had a couple who requested their files and we gladly passed them over. One client dropped a Subject Data Access Request on us middle of January, as he thought that would be the best way to get handover to his new accountant in time for 31/1. He withdrew it when we explained we were nice people, and "please" would have worked just as well!
Musing, I suppose its more the vendors issue as the person releasing data, although the purchaser could be processing it without a consent. But as paul.benny says there are other grounds for processing other than consent, and I would think it arguable this is "legitimate interest". Arguably it would also be as big a sin to stop acting for client and not give continuity of some sort.
Our transaction worked out OK, and I would do the same again. If a vendor wanted to obtain client consent to transfer files then I wouldn't worry as it comes off clawback. If I was selling, I think I would endeavour to work around the requirement, maybe notifying clients and giving a limited opt opt.
26th Apr 2019
Bought by Iris, what do you expect? Several products I've used have been bought by Iris, and they have always been bogged up in some way.
I like taxfiler, but the writing must be on the wall.
18th Oct 2016
No, I don't have a statutory reference.
But it is a process issue. Peoples debate / questions on called v issued v called & unpaid is all irrelevant.
For a company limited by shares then at least one person subscribes for at least one share on incorporation.
Hence issued shares will always be at least one share, in practical terms.
Whether that one issued share has been paid or not is a different matter, and determines where the double entry is.
Equally whether further shares have been issued is another matter, as is whether they are called and paid or called and unpaid.
The only way the share capital could be zero, IMV, is if there had been a buyback or cancellation. At that stage with no shareholders the company has to cease to exist, presumably becoming bona vacanta.
But in the context of a typical small company, this is grossly overthinking and over complicating.
girlofwight wrote: Assuming they are subscriber shares they must inter alia be called
Is this a statement or a question girlofwight? If it is a statement, can you give us the statutory reference?
10th Jun 2016
Karen, only just seen this.
If you are sorted now, fine, but if not get in touch - I am a RYT200 as well as accountant, and offer free help and support for yoga teachers on accounting worries, and a discounted fee for tax returns etc
28th Apr 2016
Despite giving them notice and our contract running out Saturday, they rang up yesterday wanting to upgrade us. Sigh.