Member Since: 3rd Nov 2006
Worked for Inland Revenue for 11 years in the 70s and 80s before I saw the light!
Progressed from working for medium sized firms of accountants to starting my own practice in 1996 and havent looked back since, with hubby joining me in partnership 7 years later.
12th Mar 2020
I have told the client I expect it to go through but nothing is set in stone yet, is it and clients like certainty.
I am aware that not everyone will lose it but have had very few clients who have actually lived in their properties while letting them out.
2nd Mar 2020
raju m wrote:
What is the easiest way to password protect pdf documents?? Raj
I use Primo pdf, which is free and has password protection ability.
18th Nov 2019
I am not sure a small increase in earnings is a "change in circumstances" in the taxpayers mind!
He owes £340 for two years but I am pleased to say that HMRC have now accepted the figures and said they won't charge penalties!
Now I just need to find out if they will deal with 2018/2019 informally, rather that have the hassle of going back in to SA for one year only, as the child benefit stopped last year.
13th Nov 2019
I've just had a former client come back to me on this very subject. He used to be within SA and Child Benefit was declared the first year then he fell below £50k the second year, so did not need to disclose it. HMRC then decided he no longer needed to complete returns (hence we were no longer needed). Unfortunately his earnings went (just) over £50k again and of course HMRC have just woken up to the fact.
Client is upset because it was HMRC who said he no longer needed to file SA returns and wants me to ask for no penalties.
30th Oct 2019
I thought most high wealth individuals were now dealt with by a special unit, presumably to maintain confidentiality? I have certainly dealt with a couple in this situation. PD1 of course deal with armed forces etc and cannot be contacted on the general helplines or by post other than direct to them.
28th Oct 2019
I am ex-Revenue and started my exams before ATT and CIOT became separate organisations. I did not go ahead with the final exams but having passed the first stages I was granted membership of ATT when it was formed.
I have had my own tax practice for 23 years and have never found the lack of full qualification to be a barrier to having a full and satisfying client base. Admittedly I don't deal with large corporations or get involved with sophisticated schemes but it is possible to keep up to date with tax developments and do more than just routine compliance without being a CTA member.
2nd Oct 2019
You definitely do need to have a PAYE scheme and to file RTI returns to get the pension credits. The previous accountant clearly didn't understand that (or was just lazy). I use Moneysoft and it is quick, inexpensive and easy to use. It takes me maybe half an hour to prepare payslips and send reports for half a dozen payrolls (and no, I don't work for them).
11th Sep 2019
Had the same problem some years ago with a charity refusing to pay VAT on advertising services provided by a small film company. Charities seem to think they are exempt from all VAT.
8th Aug 2019
Didn't get a receipt as such from my software. Just a note on screen saying the return had been accepted. We have no idea if the direct debit has been transferred over as there seems to be no way of checking and the client has not received an email, though I understand that she should which is why they asked for an email address.
I know the return has gone through but why can't they send a receipt now?!
17th Jul 2019
Am I wrong to think that if the lease term is under 50 years it is normally a P&L expense, with different rules if it is over that? I am thinking of the CGT rules for the lessor, who would treat the rent as income.