Member Since: 30th Jun 1999
27th Mar 2013
Happy with NRM
We use a variety of services but the favourite would be Nicola's. The issues are explained very well and in practical terms. It is the practical application that is so useful. It is very comprehensive for our needs (general SME tax). The content does reflects NRM's interests and background and if you're after some specialist areas then you may find it isn't covered. We've not had any problem though.
5th Oct 2012
My favourite is iThoughts. It's a beautiful piece of software for mind mapping. If you're not a mind mapper then google Tony Buzan. I used the techniques to study for my degree 20+ years ago and have used it ever since.
30th Jun 2012
A PowerPoint solution
I use PowerPoint to put together the presentation. You can include screenshots etc. Then I record a VoiceOver in PowerPoint using a decent mike. When I'm happy with everything I convert the ppt file to video using http://www.acoolsoft.com/ converter. Quite a cheap way of doing it and very straight forward if you're already familiar with PowerPoint.
11th May 2012
I agree with the other posters on this. He sounds like more trouble than he's worth. I find getting rid of poor clients to be incredibly liberating for our firm. I always find it amazing though that clients who spend their time moaning about everything and taking an age to pay us still express total disbelief when you tell them you're resigning!
25th Mar 2012
The Nifty Fifty
When I set up my practice I wrote a list of 50 people I knew who 'may' be in a position refer work to me. The list was a real mix of friends, family, ex-colleagues etc. I made sure they all knew that I was after new clients and exactly what sort of work I was looking for. It's surprising how much work you can get if you've got 50 people on the look out for you! And it won't cost you a penny.
14th Feb 2012
Thanks for your help.
I've now discovered the previous accountant did file the P11D late in January 2008 - 7 months late. It was the accountants fault and they offered to pay the fine. A fine was duly raised but for £300 which the accountant paid. What appears to be happening now is that HMRC have realised some 4 years later that the fine ought to have been £700 and so they want the other £400 now! I have appealed but what spectatular cheek from HMRC!
17th Jan 2012
You might meet our client who was so delighted that he didn't have to pay tax on a bad debt that he asked, in all seriousness, whether he'd be better off if he never got paid.
16th Jan 2012
Earlier Returns Would Help
We try to encourage all clients to get their tax return done as early as possible in the tax year so that any unpleasant surprises can be addressed in good time. Needless to say it makes little difference but it does allow us a bit of 'I told you so!' when the time comes.
12th Oct 2006
Limited liability confusion
The tutor may be getting a bit mixed up. Accountancy firms can incorporate. What we can't do is limit our liability on audit assignments. So if we operate through a limited co and get sued on an audit issue the limited co can lose everything.
12th Oct 2006
A different approach...
You can get CGT relief against other income if you write off the value of the shares. See IR286. It maybe that you could look to treat some of the directors loan as a share issue if this could be justified by the underlying facts.