Member Since: 10th Jun 2015
7th Jul 2021
The bigger question you need to address is where are your clients going to come from - especially if you’re only offering tax advice.
Unless you are very connected with an established reputation, I strongly suspect (like the rest of us) you’ll end up “working the high street” dealing with OMB general practice.
Which means your first and foremost job as a practice owner is to get clients. If you don’t get clients all the technical stuff is completely pointless.
However, in answer to your questions:
1) No, original documents are fine
3) You are correct
15th Jun 2021
I used to work for the owner of AUD 1T
Very interesting character
8th May 2021
Learn to sell, because your biggest issue - and your real job - is getting clients when you set up on your own.
14th Nov 2020
Read the section on the digitally excluded: https://www.att.org.uk/uk-property-reporting-service-users-guide
21st Oct 2020
At the time we were 3 partners, 2 offices, about 30 staff and about £1.5m in fees
Today we are the same 3 partners, 1 office, 35 staff and £2.2m in fees.
In answer to the next question asked, there are upfront costs, but overall it’s cheaper and more efficient to be paperless.
Just take rent, we went from 2 offices with 9,000 sq ft to one with 3.5k sq ft
This was done by eliminating files, file storage and desk draws.
Our stationery went from circa £30k pa to under £7k pa
Turnaround times dropped from circa 15 weeks to circa 9 weeks
You learn to work differently across the firm and you will (eventually) reengineer everything you do.
And everything was seamless this year when we went 100% WFH from March to June.
21st Oct 2020
We went paperless years ago.
We started with this guide: Going Paperless https://www.amazon.co.uk/dp/0903854295/ref=cm_sw_r_cp_api_i_1u.JFbF8WG2S8
At the time Kevin Salter from 2020 Group was publishing loads about how to do it and we pretty much followed that.
I’d suggest the guide and a couple of hours on google.
24th Aug 2020
The main alternative is Receipt Bank
5th Jun 2020
5th May 2020
It’s absolutely deliberate by HMG!
CJRS has been too successful; by excluding us 50% of the potentials won’t apply and 50% of the applicants will be turned down because it’s wrong.
The savings will be considerable without them having to exclude anyone.
5th May 2020
The client has not described it properly to you.
She doesn’t put the money on the card, she buys advertising and as a reward, the adverting company puts no cash redeemable credit on a card.
It’s a tax Scheme that was doing the rounds about 18 months ago which IMHO is a load a BS, but which comes with the usual QC opinion.
If I can find / remember who was offering this, I’ll post a link up here.