I can only think that they are assuming that reducing the rent charge means that they don't have to pay it as part of the losses incurred from business interruption.
I would presume it comes from the loss adjuster trying to minimise compensation, which is why I asked the question! It just seems like very bad advice!
Are you sure - HMRC specifically say "Customers who currently record daily totals can continue to do so, but they have to be captured digitally." The essence of MTD is to remove human error and eliminate transposition errors etc? Would this not imply a digital link is required?
There is an export facility which can export the TB into Excel or csv which can printed to a pdf or otherwise use as required.
I too have used it for a few years, and am very impressed with the ease of use and facilities. It also has a useful facility to connect directly with QBO.
Liquidators seem to be very keen on the DLA - if they can prove it's overdrawn - it's a good target as a debtor and also they can get some more "points" for a disqualification order, if the director has not been acting correctly.
If the account was agreed with the director when the last accounts were drawn up, then you should have no problems in simply disclosing it to the liquidator. If not agreed the ex client could argue that he was not informed - but that's another ball game.
Contract - Access to records
One part of the contract that should be seriously considered - what happens if your client wants to move to a new provider - or the software no longer fits your clients needs? Can the data be transferred relatively easily?
Some but not all software providers allow export facilities which will enable an easy transfer - but if not - will the client lay blame on us, their accountants, for not allowing their records to be accessible? We already know how lien on records works - what happens when we have no control over the data, but the client considers that we do as we have "provided" the service?
Perhaps it does need some serious consideration, discussion with the client, and putting it in writing beforehand to ensure they understand the situation and to avoid a legal wrangle some years down the line.
Depends on client requirements
This really depends on client requirements. I have seen some clients, who by law are required to pay suppliers within a certain time frame, who have used invoice discounting in their early years to expand at an exceptional rate, and without it could not have succeeded. On the other hand I have seen clients 'forced' into this by restrictive bank lending that have not really required such facilities, and been hammered by the charges. So each case must be really considered on it's individual merits. Unfortunately as with most things in life, there is no absolute answer!
Have you tried resetting IE7 (it does have a tendancy to sometimes get stuck!)
Use Tools>Internet Options>Advanced>Reset
Are employees in construction industry
Are the employees in the construction industry?
If so we have a client that uses a company called Husons Contract Services Ltd see http://www.hudsoncontract.co.uk/Html/lawfully.htm they seem to boast that they "Facilitate Self Employment status for EVERY subbie on ANY site"
We were not involved in advising on this so have no idea how it works - let me know if anybody finds out!