Didn't know a licence was needed so maybe I'll do it gratis - has been a good longstanding client. But what happens with engagement letter and ML due diligence if a probate licence is held and fee was charged?[/quote]
I don't think doing it gratis makes any difference, if for a client who has died. Best to check with Institute/Association.
Are you sure you are dealing with this correctly? I would expect the vast majority of businesses cannot do it. I.E. Not draw any funds during the year and then take an annual salary and dividends. The alternative usually is for the director's account to be overdrawn and declared as such on form P11D (benefits) resulting in extra tax on the notional interest.
Well said. Seems I could ha written that too, having embraced computers from 1981 and using accounts production, word processing, payroll and VisiCalc (spreadsheet) from then. You echoed my thoughts.
I have a round ruler too - called a rule as it does not measure. Still use it sometimes.
A self inking stamp is well worth having for those paper forms the lenders insist on sending. Quicker than any other method. The ink pad in it lasts for years.
that if we leave the EU NO EU citizens will be allowed to come here. Th difference will be that we can CHOOSE who we allow in and will be able to get rid of them if they misbehave or become a drain on the UK economy.
'We have our own dream and our own task. We are with Europe but not of it. We are linked but not combined. We are linked and associated but not absorbed. If Britain must choose between Europe and the open sea, she must always choose the open sea.' WINSTON CHURCHILL
I used to be with Taxwise on a client opt in basis. Cost per client is higher and every year we reached the all client level. Moved to PFP and reduced charges (with larger margin) on a client opt in basis - much better. A key reason is that I supply a csv file and they produce and send all the letters, etc. and pay the postage. They also chase those who do not join. Last year 95 joined out of 242 clients and provided £4,000+ towards administration, which was plenty.
No problems with claiming, even for little aspect enquiries and it means a proper fee can always be charged at full rates. I am very pleased with them.
Years ago I ran a very successful self-insure scheme till the rules changed and had to stop. That was the cheapest for the clients and we still made some profits from it.
Ahh a man thing! Do household chores so badly that they know they will never be asked again! However most women know that old chestnut but we reckon that it is just not worth the bother
Just no god at ironing - good at some other chores, so not totally a man thing. Anyway, wife keeps house and I keep her in the manner she has become accustomed by working.
My answers
Didn't know a licence was needed so maybe I'll do it gratis - has been a good longstanding client. But what happens with engagement letter and ML due diligence if a probate licence is held and fee was charged?[/quote]
I don't think doing it gratis makes any difference, if for a client who has died. Best to check with Institute/Association.
Are you sure you are dealing with this correctly? I would expect the vast majority of businesses cannot do it. I.E. Not draw any funds during the year and then take an annual salary and dividends. The alternative usually is for the director's account to be overdrawn and declared as such on form P11D (benefits) resulting in extra tax on the notional interest.
@ Tornado
Well said. Seems I could ha written that too, having embraced computers from 1981 and using accounts production, word processing, payroll and VisiCalc (spreadsheet) from then. You echoed my thoughts.
@ David Gordon
I have a round ruler too - called a rule as it does not measure. Still use it sometimes.
A self inking stamp is well worth having for those paper forms the lenders insist on sending. Quicker than any other method. The ink pad in it lasts for years.
Out
Love the quote Richard. I agree with Winston C.
Easy
Finance lease = no VAT
Operating lease = VAT charge
Nothing else to consider.
johngroganjga
My vote is for johngoganjga.
PFP better than Taxwise
I used to be with Taxwise on a client opt in basis. Cost per client is higher and every year we reached the all client level. Moved to PFP and reduced charges (with larger margin) on a client opt in basis - much better. A key reason is that I supply a csv file and they produce and send all the letters, etc. and pay the postage. They also chase those who do not join. Last year 95 joined out of 242 clients and provided £4,000+ towards administration, which was plenty.
No problems with claiming, even for little aspect enquiries and it means a proper fee can always be charged at full rates. I am very pleased with them.
Years ago I ran a very successful self-insure scheme till the rules changed and had to stop. That was the cheapest for the clients and we still made some profits from it.
Honest John
I agree with you John. Morals are important even in business.
Ironing
Just no god at ironing - good at some other chores, so not totally a man thing. Anyway, wife keeps house and I keep her in the manner she has become accustomed by working.