Why would accountants put their clients onto this system for free, so this guy can pitch them to do your accounts for £50 pm, which is way below market rates, and without a proven record or regulation in the UK.
Across the summer we went back to basics and won a lot of work with the types of clients you refer to.
A lot of it is down to education and knowing that there is another way. Xero + Bank Feed + Receipt will
give 85/100 of what a client needs the remaining 15% would come from the Epos linking in or using stripe etc. Most cafes seem to inherit the previous owners till when they take it over and just carry on with it, you can get an Izettle setup for £400 which is worth the money but a tough sale to get some people.
Remember there is maybe 800k clients on the cloud now, with maybe 2m that would benefit from taking that step so a lot of work still to do, instead of just chasing new tech all the time we still have a responsibility to bring the less able forward also.
I totally agree, i have a client who was in one and I got to leave straight away and have now disclosed it to HMRC.
The scheme promoter still emails my client offering him referral fees for anyone he could recommend to join the scheme. All passed onto to HMRC who no interest at all it seems in doing too much about it as easier just picking up those gullible enough to join the schemes.
I totally agree, i have a client who was in one and I got to leave straight away and have now disclosed it to HMRC.
The scheme promoter still emails my client offering him referral fees for anyone he could recommend to join the scheme. All passed onto to HMRC who no interest at all it seems in doing too much about it as easier just picking up those gullible enough to join the schemes.
Welcome back FT like MrMe I always enjoy your blog.
I will be keen to hear your views on your plans from switching from Xero to QBO.
From what you say its not about the product its about price, but I am assuming you will not be reducing your charges to clients so the cost benefit will all be yours.
I am not sure I would do that, its a lot of hassle changing over, you will have to cover the training cost if you are driving the change. What if clients are happy with Xero and dont like the move?
A tricky one, i know QBO were offering 10 licences for £10 but beyond that is the price that different to warrant the upheaval. Xero will sell Bureau licences at a good rate for in house only stuff.
if pricing is you issue is not worth just showing the xero cost at retail price on your invoice then when it changes you can just amend that cost to pass it on.
will client quibble about a £2 increase every 3 years.
@MrMe I dont blog very much now as there is no read counter on your article, for you to know if anyone is reading them or if you are wasting your time.
They rarely get many comments these days so I assume that people dont bother reading the blogs so much.
I have had a bit going on this year so might pen when over this weekend if I get the chance
as part of the roll out a guy from HMRC came out to a practitioner group I am apart of locally.
He was quite senior in the roll out team, (not policy maker) but at the sharp end and was very clear the roll out was impossible without accountants on board to make it happen.
All the DIY filers will be pushed towards finding agents so will a more clients, that we will just work with in a different way
as part of the roll out a guy from HMRC came out to a practitioner group I am apart of locally.
He was quite senior in the roll out team, (not policy maker) but at the sharp end and was very clear the roll out was impossible without accountants on board to make it happen.
All the DIY filers will be pushed towards finding agents so will a more clients, that we will just work with in a different way
My answers
For me you need to be a software vendor or an accountant.
If you are running a loss leader like this to try and pick up accountancy its a very expensive way of doing it I suspect.
Just charge for the software and get UK partners to use it, but don't bite the hand that feeds you.
Its like a Turkey voting for Christmas.
Why would accountants put their clients onto this system for free, so this guy can pitch them to do your accounts for £50 pm, which is way below market rates, and without a proven record or regulation in the UK.
Nearly £30??
Xero standard is £24 before your discounts
If you have small clients who don't need sales and purchase ledgers there is cashbook xero for £5 which works with a bank feed.
As for time savings its a lot more than a few hours per year they save.
Across the summer we went back to basics and won a lot of work with the types of clients you refer to.
A lot of it is down to education and knowing that there is another way. Xero + Bank Feed + Receipt will
give 85/100 of what a client needs the remaining 15% would come from the Epos linking in or using stripe etc. Most cafes seem to inherit the previous owners till when they take it over and just carry on with it, you can get an Izettle setup for £400 which is worth the money but a tough sale to get some people.
Remember there is maybe 800k clients on the cloud now, with maybe 2m that would benefit from taking that step so a lot of work still to do, instead of just chasing new tech all the time we still have a responsibility to bring the less able forward also.
If you think about it Pablo became the 7th richest man on the planet using unskilled labour, producing product in the jungle.
Remove the criminality from it, industrialise the production, the quality will go through the roof, the price will drop like a bomb.
If I was farmer and I had missed the "farm shop" opportunity I would looking to redo any outbuildings into legal grow houses for the CBD stuff.
Could be the best crop they ever produce, we will need new markets if traditional stuff goes [***] up post Brexit.
I totally agree, i have a client who was in one and I got to leave straight away and have now disclosed it to HMRC.
The scheme promoter still emails my client offering him referral fees for anyone he could recommend to join the scheme. All passed onto to HMRC who no interest at all it seems in doing too much about it as easier just picking up those gullible enough to join the schemes.
I totally agree, i have a client who was in one and I got to leave straight away and have now disclosed it to HMRC.
The scheme promoter still emails my client offering him referral fees for anyone he could recommend to join the scheme. All passed onto to HMRC who no interest at all it seems in doing too much about it as easier just picking up those gullible enough to join the schemes.
Welcome back FT like MrMe I always enjoy your blog.
I will be keen to hear your views on your plans from switching from Xero to QBO.
From what you say its not about the product its about price, but I am assuming you will not be reducing your charges to clients so the cost benefit will all be yours.
I am not sure I would do that, its a lot of hassle changing over, you will have to cover the training cost if you are driving the change. What if clients are happy with Xero and dont like the move?
A tricky one, i know QBO were offering 10 licences for £10 but beyond that is the price that different to warrant the upheaval. Xero will sell Bureau licences at a good rate for in house only stuff.
if pricing is you issue is not worth just showing the xero cost at retail price on your invoice then when it changes you can just amend that cost to pass it on.
will client quibble about a £2 increase every 3 years.
@MrMe I dont blog very much now as there is no read counter on your article, for you to know if anyone is reading them or if you are wasting your time.
They rarely get many comments these days so I assume that people dont bother reading the blogs so much.
I have had a bit going on this year so might pen when over this weekend if I get the chance
as part of the roll out a guy from HMRC came out to a practitioner group I am apart of locally.
He was quite senior in the roll out team, (not policy maker) but at the sharp end and was very clear the roll out was impossible without accountants on board to make it happen.
All the DIY filers will be pushed towards finding agents so will a more clients, that we will just work with in a different way
as part of the roll out a guy from HMRC came out to a practitioner group I am apart of locally.
He was quite senior in the roll out team, (not policy maker) but at the sharp end and was very clear the roll out was impossible without accountants on board to make it happen.
All the DIY filers will be pushed towards finding agents so will a more clients, that we will just work with in a different way