Member Since: 19th May 2011
Jennifer Adams is Consulting Editor of AccountingWEB and is a professional business author specialising in corporate governance and taxation. She runs her own accounting and consultancy business with offices based in Surrey and Dorset.
19th Nov 2019
Husband and I both work from home so when his well loved and old 'J' registration car (yes... you read that right!) went to the great scrapheap in the sky (actually we took it down to the local college where it is being used to train students in car mechanics) we decided not to get another car.
Saved a fortune.
Working from home means saving on clothes - I can slum around in old jeans and sweatshirt and no one notices.
19th Nov 2019
Sage has always been known to be 'clunky' and they havent kept up with the times in the view of nearly all accountants but it appears they are trying to get out of the hole they are in.
I have the impression that they sat on their laurels too much and then suddenly noticed that there were new kids on the block.
However... someone somewhere must love them as according to the below the company is increasing its takers
Software subscription sales are up 27.7% apparently
Support is key but paying for it is just not on in this day and age of other more modern and user friendly software - however much it costs
17th Nov 2019
Arthur is 100% correct. I'm fed up with hearing 'you dont have to do much... it all balances... Sage says so' such that I made it a rule that I do everything. I have a brilliant bookkeeper.
Client's bookkeepers always get it wrong and up to recently I spent hours teaching them but no more. I do everything or not at all. Clients think they can save money by doing it themselves and that they need to see how they are doing in ' real time' but with bank streaming that can be sorted (unless the client chooses any bank except Lloyds or Co op then the client has to be included).
If any client wants to be taught in bookkeeping there are always courses and other accountants.
9th Nov 2019
I would give the same comment as others... life moves on. I wouldnt analyse too much. If other clients are staying and therefore think you are great well ...then it's them not you.
Re virtual offices.. yes... use them by all means esp if you are in a town but really, clients will get to know that you work from home so why spend the money?
I dont see clients at my home office.
If I see any clients (and many of mine are away/abroad so I dont) then I meet them at the lovely George Albert hotel up the A37 a few minutes drive from me. The staff leave you alone to have your meeting away from others for as long as you want so long as you buy a coffee. Clients love it.
30th Oct 2019
Check whether its the partnership that remains registered or the sole trader here:
I am having same problem with a sole trader now incorporated. HMRC's Account screen still shows the sole trader name whereas the above link shows both the sole trader and company name.
So long as the site above shows the company name I'm no longer going to bother with HMRC.
30th Oct 2019
There is one thing that anyone can do if they are offended by any post and that is to email Tom Herbert, the editor. As associate editor and contributor of articles to Accweb I look at the site more than once a day and I have reported some unsavoury text to Tom when seen.
If you think that a question is from someone just wanting free advice then dont give an answer - they will soon go away.
27th Oct 2019
There's only one for tax return submission - Taxfiler.
There's only one for practice management - Accountancymanager.
17th Oct 2019
First- here is an article about 'how to deal with difficult clients'
Second - one on 'how to sack a client' https://www.accountingweb.co.uk/practice/general-practice/when-and-how-t...
Re Clearance letter... I phoned my prof indemnity solicitor on one such client (for once these solicitors are good and thats what they are there for - to give advice in such situations!) and he said that you shouldnt write words to the effect of 'the client's a s--t dont touch with a bargepole' in case it comes back on you as in defamation etc. He said to just be professional and give the info requested.
But you can always do as I did on the last client who left (at last!) and I put this at the end of the letter:
'We trust that you now have all the information you require in order for you to take over as accountants. We would prefer not to enter into any further communication with regard to this client'.
I never pass anything over until I've been paid and if there is a deadline impending I would ring the new acc warning him /her of the deadline and then tell him/her why they arent getting the info (you can explain that it's clients fault etc etc - again professional courtesy but with no slagging off) = another suggestion from the solicitor. But only if there is an deadline impending.
And finally...we have all had similar clients. You're best without them. You will always get replacements if you are good.
After all that I'd pour yourself a drink from the bottle hidden in the bottom drawer of your desk and celebrate.
9th Oct 2019
See here for the answer:
As John says -this should be done at the same time as the transfer.
The article link above is 3 years old but nothing has changed.
Under the heading - Declaration of trusts it says:
"The specified share of a property held as tenants in common is not shown on the title deeds of the property, so how much each individual owns and under what terms is recorded in a formal document known as a “declaration of trust”. The declaration of trust is then signed by all parties and recorded on the property register at the Land Registry. Evidence of the property being held jointly in unequal shares must be submitted to HMRC with the form 17. The strongest evidence is a declaration of trust which costs in the region of £300 to obtain from a solicitor."
6th Oct 2019
I have some that will be affected. I've told them to take whatever overtime is going /dont go on holiday before 5 April but just work - so the pain of suddenly becoming PAYE wont be as bad as they will have some extra money to tide them over.
But I have also told them to look around and see whether there are any 'small companies' that they could work for as they will be exempt.
See here for a good text on what is happening on the ground and what to do :
"Any contractors engaged by small companies will continue to operate the IR35 rules as they do currently – and the responsibility for determining their employment status will not pass to their clients."
However... whether those 'small companies' will appreciate that they will be exempt is a different question.
Those who will be caught will have CT bills to pay as well as being taxed at source immediately so I've told them to get their accounts to me as soon after 31 March as poss so we can at least have an idea of the tax bills to come.
Barclays has already formally announced no company contractors.
Tax Insider have a 2 page guide to IR35 and the new regime = free