Member Since: 29th Dec 2014
20th Sep 2019
Most will forget and end with huge penalties.
We will only find out a client has sold their property when we come to do their tax return months later and the client would have ended up with penalties. We know with NRCGT penalties are difficult to appeal against
Only one winner.
30th Apr 2019
I reported a couple SAR over the past year but I know nothing was done. Like the police the NCA overstretched and I assume only investigate the serious crime. For someone not VAT Registered when they should be I doubt will be high on their list. Its begs the question what is the point of reporting SAR and perhaps HMRC should have their own department for reporting minor tax evasion cases.
I am sure in every practice there are clients who dodge tax but they are clever hiding it from their accountants. Anyway, some accountants hardly know their client and just file their accounts based in information provided once a year without perhaps querying some blatant signals of tax evasion.
25th Jan 2019
I was a little annoyed with some clients this year with the late information.
Next year, I going to send an email out saying if information not submitted by say 31st October, they will have to donate £100 to charity. I think most will not mind paying £100 to charity but would feel offended if it was paid to me. Anyway, I rather have the money go to charity.
16th Feb 2017
Really pleased how well things out for you. I can tell why you are successful as you plan ahead and are focused. Of course you seem to provide a very good service to your clients too.
You have been very helpful and available to other accountants (including me). I always believe good things happen to good people who help others. You totally deserve your success.
Good you remembered the Mrs too.
12th Nov 2015
way to go
I keep hearing about HMRC trying to cut costs and efficiency savings. This may just result in a even poorer service to both tax payers and their agents. We are all know about the long waiting times.
The work force is already demoralised yet the government is also trying to ensure they increase tax revenue. Unhappy employees is not exactly going to be motivated trying to fight tax evasion.
Answer is yes get rid of the bad eggs, pay well for good people and sure they will recover more tax for you which will more than cover the extra costs.
5th Aug 2015
A lot of companies are so busy generating sales they often leave the back door open. I think there is fraud in most companies - companies do not take even contemplate chance of fraud until when it does happen all hell breaks lose and only then robust controls are installed
While they need to trust their employees they should also anticipate areas where employees could breach their fiduciary duty. If you leave the sweet shop unlocked it is inevitable someone will come along and empty it.
Some of this is just common sense and basics like two signatories on bank accounts often one person has full access. Though another common area where unscrupulous employees will exploit is setting themselves in partnership with their friend and then passing business to that company who charge at exorbitant rates. I am sure this discreet ploy goes on more often people would think
Small companies should really use an accountants knowledge in this area and ask for their opinion.
I have seen fraud and really does having a lasting impact ion many people. There is always an scapegoat too
On the positive, I know what exactly to look for to gauge areas of weakness with the internal controls and can advise my clients accordingly