Oh and to add to the misery, one new client swore their bookkeeping was done by an experienced and qualified bookkeeper, the client did it themselves, not a single thing reconciles a complete mess, the only positive is the TB balances. Oh and its all late..
I know there is always additional postings and reclasses to do, but would it be wrong of me to ask him to have another go and get back to me? It would take hours to correct it all, and the client is, shall we say "very price sensitive".
Isn't the solution here to go back to the client pointing out the problems with the bookkeeping, giving examples and ask if they want to pay you to sort it out.
To display:
Display - Trial Balance or P&L or Balance sheet - options - tick display accounts with nil balances.
To copy:
Spreadsheet layout button from toolbar, then highlight what you are after and copy & paste
Under the matching concept, if for some reason the income is brought in at the start you should be acruing the future expenses to cover the remainder of the 12 months.
I agree with Neil, going on to fortinghtly pay won't increase the total tax NI and pension due.
It may be worth considering when you start on fortnightly pay as it will determine which tax month the payment comes in and therefore how much is due to HMRC in each tax month - how does this relate to the company's cashflow. This will depend on how large the weekly payroll is relative to the size of the business.
The other consideration is how are the employees going to cope with the change - not getting paid this week and receiving double next week could cause issues.
This is a forum for accounting and finance profesionals.
I suggest you talk to your accountant as you need a lesson in capital allowances to answer the first part of your question and there are tax implications that go with the second part of your question.
As the rebate is a refund of the photocopier expense, the rebate should be treated like a purchase credit note reducing the input tax rather than increasing the output tax.
The reduced input tax then goes into the partial exemption calculation.
Q1 The ageements between retailers and online advertisers that I have seen all had the advertiser as agent, so £20 unless what you have is different.
Q2 This obviously depends on what is being sold - for example are all the supplies hot food?
Q3 The flat rates are designed to give the same answer as the standard method, you'll have do do your own calculations to get an answer relevant to your client.
So you don't think John the Plumber with his smartphone is the worlds best bookkeeper?
Just remember, prepopulating 2017 tax returns with interest received was going to increase the tax take - until HMRC received less tax.
HMRC have sold MTD to the politicians on the basis that it will reduce the tax gap (at the same time telling Joe Public that it is being made compulsory because it is good for you), presumably they are expecting the errors to be in their favour.
My answers
Isn't the solution here to go back to the client pointing out the problems with the bookkeeping, giving examples and ask if they want to pay you to sort it out.
Given all they ask for is the PAYE and accounts office references this is odd.
We had one like this a month or so ago, entered exactly the same details the following day and it went through without a problem.
To display:
Display - Trial Balance or P&L or Balance sheet - options - tick display accounts with nil balances.
To copy:
Spreadsheet layout button from toolbar, then highlight what you are after and copy & paste
Under the matching concept, if for some reason the income is brought in at the start you should be acruing the future expenses to cover the remainder of the 12 months.
I agree with Neil, going on to fortinghtly pay won't increase the total tax NI and pension due.
It may be worth considering when you start on fortnightly pay as it will determine which tax month the payment comes in and therefore how much is due to HMRC in each tax month - how does this relate to the company's cashflow. This will depend on how large the weekly payroll is relative to the size of the business.
The other consideration is how are the employees going to cope with the change - not getting paid this week and receiving double next week could cause issues.
Why would you want to take on the legal responsibility of being an officer of the company?
Does the client in question actually need a company secretary?
Why doesn't the client want to be company secretary themselves?
There is no problem with you completing the statutory filings on behalf of the directors.
This is a forum for accounting and finance profesionals.
I suggest you talk to your accountant as you need a lesson in capital allowances to answer the first part of your question and there are tax implications that go with the second part of your question.
I agre with Paul
As the rebate is a refund of the photocopier expense, the rebate should be treated like a purchase credit note reducing the input tax rather than increasing the output tax.
The reduced input tax then goes into the partial exemption calculation.
Q1 The ageements between retailers and online advertisers that I have seen all had the advertiser as agent, so £20 unless what you have is different.
Q2 This obviously depends on what is being sold - for example are all the supplies hot food?
Q3 The flat rates are designed to give the same answer as the standard method, you'll have do do your own calculations to get an answer relevant to your client.
So you don't think John the Plumber with his smartphone is the worlds best bookkeeper?
Just remember, prepopulating 2017 tax returns with interest received was going to increase the tax take - until HMRC received less tax.
HMRC have sold MTD to the politicians on the basis that it will reduce the tax gap (at the same time telling Joe Public that it is being made compulsory because it is good for you), presumably they are expecting the errors to be in their favour.