I am assisting a client with some research into some of the selling agents and business brokers. I was wondering if anyone out there has had any experiences of BCMS.
They look and sound very good and I have had an initial meeting with them, but they are very expensive. However, if they can deliver what they promise, then that wont be an issue.
They want a significant amount of money up front, payable over 6 months and then a sizeable % on successful completion.
Just wondering if anybody has had any dealings or testimonials etc......
I have three clients, who each have one individual employee.
For each employee, their standard weekly wage never alters. There is never any overtime, or anything 'unusual' to complicate matters.
Can anyone out there give me any insight to a suitable scenario that is acceptable to HMRC.
Can I operate quarterly payroll, or monthly at best, as I really do not want to get involved in running weekly payroll ( in fact I do not want to run payroll at all.......however it looks like I am stuck with it).
The herd basis treats animals (dairy herd, sheep flock, pigs, poultry & even some horses) that are kept for production & reproduction as an 'Asset of Trade' like plant or machinery.The farmer must elect for this basis to be used and when it is first applied, the initial cost of the animals becoming the 'Herd' is not deductible in arriving at that years profits, it is instead used to form the value of the 'Herd' asset.When the herd is sold, any profit or loss is not included in the P & L account because the original cost was not claimed as a deduction there.Adjustments are made on an annual basis to reflect any additions or disposals in the value of the 'Herd' and that change in valuation is what is reflected through the P & L for that year.
I have had quite a lot of experience with various businesses from that part of the world and one over-riding constant has been their complete & flagrant disregard for procedure & compliance.
My experiences have shown me that you will not get the full picture or full disclosure of events and yet they are asking you to put your head on the block.
Please be aware of what you are getting into,and its implications.
When something looks like a fish, swims like a fish & smells like a fish:
I tend to agree with Karen, I have had experience of a problem similar to this which turned out to be a 'glitch' with the interface between the server & the slave pc.
It looks like the main problem is with the VAT summary, because you say you can view the transactions on the detailed report, but unfortunately it is when you run the VAT (return) report that you can set the reconciliation flags.
I think I would take up Karen's kind offer (if your Accountants cannot solve it) and contact SAGE themselves.
Also, I would not just upgrade because SAGE will not be supporting your version, as I do not think his problem is related to operating an old version of the software.
I have a lot of clients who are still running this and older versions without any problems.
Best of luck, I will be watching this puzzle with interest !
Surely the objects clauses in the Articles are sufficiently wide to allow for the use of a van, either now or in the future. Therefore could'nt you argue that the van is relevant for its allowed 'trades'.
The BIK issue is not about the trade but the private useage.
You have trained too long & hard to be treated that way by an idiot who does not have the first idea about what we do and why.
I would send a fairly standard clearance letter to the 'poor' incoming accountant, highlighting a few areas in which you feel he should be made aware, followed by an 'off the record' call telling him not to touch the assignment with a barge pole!!
He will probably end up running to the nearest Tax Office with a bag of receipts on 30th January anyway.
What a cracker!!, It makes my client base look like Saints.
Your response is truly justified, but I doubt the regulator will see it like that.
Some people have no sense of humour. It is a nice reminder, however, that sometimes you have just got to say NO, and as for £40-£50 pm, you want more like £500.
My answers
Business for Sale
I am assisting a client with some research into some of the selling agents and business brokers. I was wondering if anyone out there has had any experiences of BCMS.
They look and sound very good and I have had an initial meeting with them, but they are very expensive. However, if they can deliver what they promise, then that wont be an issue.
They want a significant amount of money up front, payable over 6 months and then a sizeable % on successful completion.
Just wondering if anybody has had any dealings or testimonials etc......
Operating RTI for one Employee
I have three clients, who each have one individual employee.
For each employee, their standard weekly wage never alters. There is never any overtime, or anything 'unusual' to complicate matters.
Can anyone out there give me any insight to a suitable scenario that is acceptable to HMRC.
Can I operate quarterly payroll, or monthly at best, as I really do not want to get involved in running weekly payroll ( in fact I do not want to run payroll at all.......however it looks like I am stuck with it).
Any ideas or pointers would be much appreciated.
Herd Basis
The herd basis treats animals (dairy herd, sheep flock, pigs, poultry & even some horses) that are kept for production & reproduction as an 'Asset of Trade' like plant or machinery.The farmer must elect for this basis to be used and when it is first applied, the initial cost of the animals becoming the 'Herd' is not deductible in arriving at that years profits, it is instead used to form the value of the 'Herd' asset.When the herd is sold, any profit or loss is not included in the P & L account because the original cost was not claimed as a deduction there.Adjustments are made on an annual basis to reflect any additions or disposals in the value of the 'Herd' and that change in valuation is what is reflected through the P & L for that year.
Leopards & spots
I have had quite a lot of experience with various businesses from that part of the world and one over-riding constant has been their complete & flagrant disregard for procedure & compliance.
My experiences have shown me that you will not get the full picture or full disclosure of events and yet they are asking you to put your head on the block.
Please be aware of what you are getting into,and its implications.
When something looks like a fish, swims like a fish & smells like a fish:
It is probably a FISH !!!
Interesting !!!!!!!
I tend to agree with Karen, I have had experience of a problem similar to this which turned out to be a 'glitch' with the interface between the server & the slave pc.
It looks like the main problem is with the VAT summary, because you say you can view the transactions on the detailed report, but unfortunately it is when you run the VAT (return) report that you can set the reconciliation flags.
I think I would take up Karen's kind offer (if your Accountants cannot solve it) and contact SAGE themselves.
Also, I would not just upgrade because SAGE will not be supporting your version, as I do not think his problem is related to operating an old version of the software.
I have a lot of clients who are still running this and older versions without any problems.
Best of luck, I will be watching this puzzle with interest !
Reconciled or not ???
What happens if you run the VAT report to include reconciled transactions within the date range?
PII
QBE Jelf or AON are fairly competetive, both appear good to deal with.
Objects Clauses
Surely the objects clauses in the Articles are sufficiently wide to allow for the use of a van, either now or in the future. Therefore could'nt you argue that the van is relevant for its allowed 'trades'.
The BIK issue is not about the trade but the private useage.
Bad Egg
I could not agree with Jason any more.
You have trained too long & hard to be treated that way by an idiot who does not have the first idea about what we do and why.
I would send a fairly standard clearance letter to the 'poor' incoming accountant, highlighting a few areas in which you feel he should be made aware, followed by an 'off the record' call telling him not to touch the assignment with a barge pole!!
He will probably end up running to the nearest Tax Office with a bag of receipts on 30th January anyway.
What a cracker!!, It makes my client base look like Saints.
Your response is truly justified, but I doubt the regulator will see it like that.
Some people have no sense of humour. It is a nice reminder, however, that sometimes you have just got to say NO, and as for £40-£50 pm, you want more like £500.
Well done.