Member Since: 11th Aug 2017
Paul Marks & Co - Chartered Accountants
1st Nov 2019
With everything being process and checklist driven these days, my feeling is that many auditors cannot see the wood for the trees anymore. Just so long as the computer says yes and the check lists have been completed , clean bill of health.
Absolutely agree audits need to be looked at, there have been too many failures and these sorts of things.
As in many things in business these days, you still cannot beat experience and an instinct for something being wrong
29th Oct 2019
Cant believe he agreed to file by 31st when he only got the documents on 24th.
But it does sound like there's more to the story than the mere facts of the case
11th Oct 2019
Of course I have great sympathy for anyone suffering from anxiety, however I do not think this is the forum to share these views. I thought this was an accounting forum.
If you are suffering from anxiety that effects your daily life you need go seek out a professional
8th Oct 2019
Agree with most everything in this article apart from
'get yourself a mentor'.
Maybe it's a personal thing but I always back myself, never need a mentor I want to do it my way. Most are not worth having and the people that really have something to teach are not in the business of mentoring.
The human condition means people are never happy. When you haven't got enough clients you are not happy because you've got no money and want more. When you've got enough you lose the motivation and get fed up.
You need to change your mindset. The happiest people I know put everything into perspective. Success is never as great as you think it is and perceived failure is no way as bad either.
In the end it doesn't matter what road you take, sell the practice or keep it the the most important thing is getting your motivation back and that's not dependant on your practice.
So agree with Nick step back and take a long hard look at yourself
30th Sep 2019
I don't think Bokio have grasped any of the issues here at all judging by their responses to comments or maybe they are just ignoring them.
I must say I don't understand why they are on this forum. What did they expect!
27th Sep 2019
Are you selling compliance services?
If you don't know what this means, this means statutory accounts production and filing, corporation & VAT tax return filing, self-assessment filing to name a few.
Are you offering these? If so you are competing. Do you understand this Fredrik?
27th Sep 2019
"For the initial UK launch, the software offers a £25/month accounting partner service for sole traders (or £50/month for limited companies) that includes company formation and registration with HMRC, migrating existing accounts to Bokio, management accounts, statutory filings (including MTD for VAT) and unlimited access to a personal adviser. The service also includes an accounts review."
And you just said you are NOT COMPETING. In polite terms this is MISLEADING. One is the truth and the other isn't.
The fact is you are competing so why say you are not above? This does not instil trust in your brand
26th Sep 2019
Totally agree with that. For me I always laugh at the marketing claims that many new entrants make as if they are revolutionising the industry. It's invariably the same product solving the same old problems and usually not better but worse.
There are many good small business software providers in the market so I agree with you I can't see how their business model can work.
If they are trying to be accountants they will need to have the qualifications and experience if they want to break into that market. Alot of competition.
If they want to be software vendors I don't think they will ever be as good as the main players in the SME market.
I can't see the problem they are claiming to solve
26th Sep 2019
Trouble with the UK market is it's not regulated! Any chancer can set themselves up.
Invent a problem then convince people you are solving it!
26th Sep 2019
Again Freeagent is FREE if you have a bank account with Nat West RBS, Pandle is free and the pro version £5 per month, Zoho books starts at £6 per month, rekon software starts at £3 and the essentials version £8.
I have looked at them all. So what are Bokio claiming?
Personally if clients are worrying about £20 per month and they are in business they shouldn't be in business and are just the type that just pick things on price. Far better to pay a little more for better software, it's also tax deductible so only really costs 81%