Member Since: 14th Jun 2010
Nothing in this profile is actualy true. Or is it? Who knows, who cares.
17th Jun 2020
We have loads of small accountants setting up round here, many are unqualified coming from a bookkeeping + I will have a bash at your tax POV.
They are not really accountants or set up as limited companies, but doing some work at the lower end that we do. From a straw poll I would say there are at least one or two more like that for all the "proper" firms round my area.
They come and go very frequently, so presumably realising its a bit hard than it looks and £100 tax returns are not really the way to go, but they still nip at your heels when quoting.
Had a quote come back this week for £399+VAT for a sole trader who was expanding and needed some help saying not only was i more expensive out for 5 quotes, I was 4 times what she was paying now. But she wanted to work with me. I stuck to my fee, don't think I will get it!
12th Jun 2020
Lets hope not.
Last time around we have a huge amount of effort in dealing with transitional rules down up and then up again over a tight 2 year period for virtually no effect in the wider economy. It was largely symbolic and just caused a lot of chaos and bizarre pricing from what I recall.
2nd Jun 2020
That's going to be another 2-3 days wasted then, watching it, reading all the stuff and telling clients about it.
And same again in November, and no doubt March too.
All for some showboating I imagine with little substance.
12th May 2020
The first thing I would do is open their accounts package and look at their current bank balance.
Accountants are in a unique position with when it comes to debt payments as we have much more information than normal suppliers. I would not be shy in making those facts known. When dealing with dodgy clients who don't pay, you need to play dirty.
5th May 2020
They seem to have gone for "splash the cash, and worry about fraud later"
£50k? No problem sir, just self certify here. Remember to pay it back wont you now sir....sir? [Sir already run off with the cash]
£575 furlough claim? Be-gone, rules is rules evil company director on annual scheme!
22nd Apr 2020
The article fails to mention several critical points you will pick up if you read the case:
1. Mrs X is repaying the stolen money over 7 years to the ex-employer
2. It would appear some minor costs of £4k have been awarded against her, but no fine. Even this seems a lot as she self-reported her crime and all the evidence was already supplied by her ex-employer so not sure what exactly the ICAEW did for 3 years. ie Hands were held up and wrong was admitted, the only question really was the punishment, and I cant see that anything other than expulsion here would be correct.
if you read the other cases, all of them are ancient. Its not clear why the ICAEW take so long over disciplinary matters.
14th Apr 2020
It seems they (and taxcalc have gone the same way) would rather than 15 sub par products connected to their one decent core product, then one 'best of breed' with seamless integration.
I really don't get it as a business plan. Integration to Xero from any final accountant package (even into excel) is no big deal. You might at worse have to post a few final journals in Xero and again in the final accounts if adjusted post import.
This seems more about end users filing their own accounts without an accountant as all the buttons are automated. That will end well.....
14th Apr 2020
That brightened my day.
I like how they really believed it worked, rather than just cynically paying a tax barrister to say it does and then ripping off their clients for massive fees on schemes that they know probably don't work. Albeit given the size of the payouts, it sounds like they charged a few ££££ for this nonsense.
14th Apr 2020
I wish they would just make Xero better and keep the fees down, not keep on adding half arsed stuff
We still have the "not very good" PAYE module knocking about
Reports are a mess with two different types called the same thing (!)
General running speed is not great.
Branching out into "tax n accounts " production seems foolish.
I don't see why software companies always thing they can do everything just because they have deep pockets for development. Do one thing well would be a mantra well worth repeating.
This seem to me like a "and we want £500 a year subs to be an agent" due to all this lovely software you dont use type approach to me.
7th Apr 2020
Spot on, the first thing i did over the weekend of the 21/22nd was build a new webpage and directed all client queries to that first thing with basic help and links to gov help. it is updated daily.
Yesterday we circulated a structured instructions about director furloughs and have dealt with 50+ clients on this in 24 hours, albeit with a 12 hour day yesterday on my part.
By triaging the enquiries we are mainly left with the real problems and the "I cant read stuff" brigade.
Its been hard work, but to be fair its quietest time of year. At least it was not in the middle of Jan!