Member Since: 20th Mar 2002
I look after tax issues for people in business, help with employment issues, property taxation and offshore issues such as residence and domicile conundrums. I provide tax consultancy to accountants in practice who cannot be expected to keep up with all the tax changes in addition to the evolving accountancy world where I would certainly defer to them.
12th Feb 2019
"Whether readers belong to one of the extreme factions favouring remaining in Europe or leaving without any deal or prefer some middle ground in between..."
Why is it extreme to favour remaining in the EU?
21st Oct 2016
No, a lower headline corporation tax rate is attractive to overseas companies seeking to invest. They may pay less CT but generate very large amounts of PAYE through their employees and their servicers and deliverers or logistics providers, plus of course VAT. In addition, the more investment in business from UK or outside means more employment, and therefore less benefits paid out.
8th Jul 2016
Surely there is a logic in cutting corporation tax which even now is a single digit percentage of tax take? We need to encourage more business, which means more people employed paying more PAYE and NIC, and claiming less benefit. Taxing profits is never really profitable for Government, but companies will be encouraged by the low headline rate.
22nd Jun 2016
This is all very interesting, but has far too little emphasis on the importance of giving referrals. "Give, and it shall be given unto you...".
We have all been to networking meetings where there have been takers; those who ask for referrals but never pass any.
When out and about on business we must look for opportunities for others and those others will reciprocate with referrals to us.
13th Jul 2013
As a PTP lecture client
...for a number of years, I have to say that I have found both Tim Good's and Mark Ward's presentations very useful, and also very entertaining. They are also interactive with questions and contributions from “the floor” encouraged. This means that we get to hear a good deal about current practice, which of course keeps both we attendees and our presenters on top of HMRC's latest attitudes.
Attending tax updates in person and paying in advance also avoids the one issue I have always feared, but not so far succumbed to, which is with recorded seminars putting off until next week what I should be looking at today. :)
11th Jun 2013
This is an area of tax in which I would consider myself "reasonably competent" but when dealing with a complex issue involving large amounts of money, our first thought should be about the risk, however small, of getting it wrong. Even if we had got it right, how we might deal with a litigious client disappointed with an unexpected outcome or one which was not quite as good as another plan about which he had learned later on?
We all have to know our limitations, one of which is risk in our own home territory. If the risk is great even where we know the answer, we should pass on the work to a larger entity with an appropriately sized and experienced team of advisers and a large PI policy.
3rd May 2013
In theory this is great news...
...and I speak as one of the 39 individuals who responded. In practice HMRC have for the last two years been rejecting every claim under ESC A19 regardless of merit and their interpretation of reasonable belief (totally unreasonable) is their main tactic.
I congratulate Keith for leading the charge, but unless, as he suggests, HMRC do the honourable thing in allowing sensible claims, we are no further forward.
29th Oct 2012
There really is no reason why penalty notices cannot be sent out as soon as a deadline has passed. Leaving it months is bound to unfairly punish innocent oversights. HMRC should now remedy the situation having had their victory, but they won't in the current climate of cash-raising and patent unfairness.
26th Oct 2012
I was also recruited by Roy Faichney to WJB Chiltern in 2001. I liked Roy. Our work was technically very interesting and all above board, and I enjoyed my fairly brief stay at Chiltern.
I am left scratching my head over the whole affair. We never really know anybody, do we?
27th Jul 2012
An accident the Trustees might have spotted earlier
(Disclosure: I used to work for GT although not as an auditor)
“eccentric, but clever and very creative”.
An annual visit by the auditors checking the books match the invoices, and they can follow the "logic", is not sufficient to spot serious fraud by a clever accountant, qualified or otherwise, but for £15K GT cannot have been expected to do more. I expect they thought they were thorough in their role.
Clever financial fraudsters are really difficult to catch out. Lifestyle might be a clue, but this guy is apparently a hoarder with a psychiatric problem and no doubt showed no sign of wealth. Just the same, one would have hoped that the trustees and office managers would have been more hands-on with regard to checking the cheque writing and to whom the money went. They look more negligent than the accountants to an outsider.