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.
11th Sep 2019
One of the main reasons I set up my own practice! Now I make my own rules.
11th Sep 2019
How about clients who appoint you for your expertise and then query every last detail in the accounts/tax return (of course you have already quoted a fee!). I don't mind explaining why I have done what I have done (and usually do so upfront), its the backwards and forwards with umpteen emails trying to justify technical adjustments that they just don't understand.
20th Aug 2019
Yes, we have a client who decided to buy QB (without informing us), as the ads say it is so easy to use. We have spent hours sorting out the resulting mess with invoices and receipts both being posted (he downloaded his bank transactions and also entered them manually)so that the sales figures were inflated and we had loads of entries in undeposited funds. Purchases were also entered twice and now I have seen him trying to deal with all of this on a small mobile phone I am not surprised that he is struggling to cope!
14th Aug 2019
Signed up three clients for MTD with no difficulty (we already had an ASA set up to register Trusts).
Used VT to prepare and file the returns and again had no problems. The MTD link was confirmed within seconds and the VAT returns filed straight away.
The only problems I had were that I can no longer send the client a receipt issued by HMRC (one client was reluctant to pay without this) and we had no idea in advance if they were going to collect the direct debit.
31st Jul 2019
Please do help to raise funds for these two excellent charities. I am a volunteer for one of them and it is very rewarding to be able to help those in need with tax problems or just filling in their tax returns for them when they don't understand how to do it.
29th May 2019
Thanks for the heads up! We fortunately now only have a small number of VAT registered clients and only 3 affected by MTD (but not yet registered). I have taken PDFs of all of the VAT certificates while I can.
29th May 2019
Back Duty! Ah those were the days, when I used to cycle around Camden Town as a Back Duty Officer for the Inland Revenue, sitting in local pubs to see what lunchtime catering they might offer (and not be paying tax on), visiting the local markets to look for non-compliant traders and scrolling through numerous planning applications on microfiche at the local council offices then checking to see if the architects were declaring the income. Sadly, the job didn't last long as I was returned to normal duties. Those were the days when there was so much post on hand that casework allocations were abandoned and post was stacked in boxes and dished out to tax officers daily. I saw the light and left soon afterwards.
29th May 2019
Believe it or not, I miss the days when we could pop down to the local tax office and get a receipt for a hand-delivered tax return. With so many returns having to be filed by post now, due to the many exclusions that have been created, at least we would not have the hassle of having to appeal against incorrect penalties and upset clients.
22nd May 2019
Some clients just think "oh that's a good idea", go ahead and buy and set up an accounting package with absolutely no reference to the accountant and leave us to sort it out at the end of the day. I had two clients who did this and had no idea what they were doing. As I have found out (painfully), once the VAT returns have been filed through the software it can be impossible to change the transactions. One involved an error with a bank transaction and cannot even be journalled out.
If clients speak to me first I ask them to please talk to me about the software they want to use and I will help them through the setup process but they don't all do that.
29th Apr 2019
We applied, on behalf of a non-computer literate pensioner with commercial lettings, on the grounds that it was not possible for him to keep digital records (he records everything by hand in a big analysis book). Of course they have rejected the application because we can do it all for him!
I cannot see how that reconciles with HMRCs aim for information to be recorded from direct records on a timely basis. We will be waiting until the end of each quarter and then working mainly from his handwritten records as the bank statements alone do not show enough detail and we dont see his cheque book or paying in slips.