Member Since: 5th Aug 2011
17th Jul 2020
So two obvious question....
Is there any indication of how much the tax gap will have reduced from the introduction of MTD for VAT and if that improvement has any relationship to HMRC overstated selling of MTD.
If there is any indication of the amounts of the tax gap that can be attributed to non-represented tax payers, largely trading cash in hand, who have no concept of the errors that they are making in their records.
12th May 2020
Well at least they have not deployed the invented issues with the quality and/or standards of your work tactic. Then you do know you do have a battle with somebody who is simply avoiding payment.
This is now a new generation and its time to restate ones standards/rules of trade, ideally by sitting tight, until you reach a time when they really need you.
You could of course point them in the direction of bounce back loans, if they do not have the monies to pay your fees.
9th Apr 2020
As it stands very poor and not any use/largely irrelevant to smaller practices, which are the core of Taxfilers customer base.
John - is there any indication of the direction of travel in its future development and in particular those missing features (auto requests for client data and so on) or is that it.
31st Jan 2020
A common sense report, that will be ignored by HMRC because MTD digital project saves them cost. Only a fool (and cloud sales people) could ever think that cloud tech can suddenly convert poor record keepers into the administratively perfect.
Perhaps A.Web editors might like to now change their Animal farm ''spreadsheet bad, anything app/mobile phone/cloud related is good'' editorial line. Dare I say anything about cloud profiteering at this point...
16th Jan 2020
Excellent way to start the year, with a bit of Spreadsheet bashing. This is a user issue not a tech issue. Aweb Editors, you do need to understand that using cloud accounting or any other form of technology will not suddenly bless any individual with the gift of accuracy.
Client's and users will find allsorts of imaginative ways of making significant errors irrespective of the tech they are using and IT companies (Xero, QBO, RB & Sage in particular) are being very good at misleading users over what is realistically possible.
At least with excel, an experienced and trained user can very quickly obtain a good overview of the data they are looking at and it is reasonably easy to complete the obvious (but it seems was missed this time) idiot checks of considering if the data actually matches what it is supposed to represent, in real life. You really do need to update your editorial line on spreadsheets.
6th Dec 2019
Interesting - Of course it does not take into account the extra monies being paid to staff as part of any NLW increase, which will affect hospitality, retail and so on significantly. That should save a bit of tax as profits will have fallen.
Out of interest is there any analysis of the long term effect on pensions (as shares are replaced with debt) if nationalisation takes effect
6th Nov 2019
Excellent idea, although you may want to rethink the date. Any accountant; that is any good; is rather busy at the back end of the year and into January.
13th May 2019
When will the government (of any colour) learn to start with the ''minimum viable product'' and build from there, rather than wasting everybody's time. They really do not seem to understand the massive distress and cost caused to those that have to deal with this Cr%p, only to find that they step back at the last minute.
At least my decision to stick with bank feeds/cash accounting has proved to a good one.
30th Apr 2019
Perhaps Accountingweb would like to do a freedom of info request answering the obvious question on behalf of the AW collective - What % of reports from accountants (not buried in with other sources) have NCA acted on and led to conviction.
When that is 100%, then you and they may find any perceived lack of engagement with the system would perhaps improve.
9th Mar 2019
You are of course presented with an excellent opportunity to do things differently this time. With your hard won experience in hand are you able to expand on the interesting question of how you will like to change things or what FT 0.2 might look like.