these things happen, has you client not kept records of the accounts etc (they are seemingly diligent!?). What happens if the accountant had gone bust....what would you do then with no prospect of historic papers...leave the client to drown?
Some accountants (qualified or not) are just not up to the job....but then some clients are less than forthcoming with information and payment in a timely manner....
presumably the individual would have to apportion the expense claim - 1/3 for work (eg 8 hours) and the remainder being of personal benefit (although not sure if there is an argument that the 8 hours he sleeps is not a benefit in regard to appearance).
I guess that would also need to be multiplied by 5/7 to exclude the weekend unless he kept a log - or indeed refrained from shaving then.
But I guess some don't (need to?) shave everyday so maybe you would deal with it on a usage basis...
only this afternoon I was listening to the farce that is the £11 billion energy meter introduction....with little or no real benefits for anyone except the energy companies (the ones it wasn't intending to benefit).
MTD has the same whiff of farce...with the eventual outcome in no way relating to the original objective.
I guess the question is, is the Revenue's technology able to cope with the changes....or as it seems more likely how many further changes are they going to make to have the poor businesses fit in with what the Revenue system can deal with.
yep capital on the face of it....what relation is the tenant to the landlord (what other landlord would spend £2k on the advice of a tenant other than to either improve the property or increase the potential rent - especially given that any future new tenant is unlikely to be provided with 'free' logs).
Bob : "a guy who I have never met said I can receive my pay gross rather than net of tax...the only cost being his fees."
Bob's wife : "that sounds too good to be true"
Bob: "surely not....pay little no or no tax...this scheme is pucker!"
5 years later
Bob: "I have to find 50k - the revenue say I was in a tax scheme!"
Bob's wife: "don't worry - I have an ancestor in Africa who has apparently left me £100k in their will, I just need to pay him £1k to release it".
if you want to believe you can easily be fooled....but it makes you no less of a fool....sympathetic yes....but should other people pay for your error...no thank you.
Fee - more indepth/advice/comaratives/options etc depending on level.
No experience in this area - pass to or sub-contract to appropriate adviser with skill set (if you get a copy of the final report/advice will serve as starting point for your own training in the subject.
it never ceases to amaze me at how many apparently 'intelligent' people seek advice on potentially complex personal financial matters on a website from which advice is provided by (essentially) anonymous individuals.
I guess the issue is that the questions are not presented by clients - indeed many are by anon....
That said rude/sarcastic/nasty replies haven't changed - just that the amount of sensible/well positioned questions have reduced.
Of course there is irony in your comment regarding people posting without stating their qualifications - kinda begs the question why you would ask an important personal or business related question on a potentially complex area of tax on a 'free' forum....
My answers
well I suppose that at least means most of the money will get spent in the local community - assuming it is cash that is.
unlike our richer compatriots who 'hide' their money abroad so it never sees the UK....
move on....
these things happen, has you client not kept records of the accounts etc (they are seemingly diligent!?). What happens if the accountant had gone bust....what would you do then with no prospect of historic papers...leave the client to drown?
Some accountants (qualified or not) are just not up to the job....but then some clients are less than forthcoming with information and payment in a timely manner....
presumably the individual would have to apportion the expense claim - 1/3 for work (eg 8 hours) and the remainder being of personal benefit (although not sure if there is an argument that the 8 hours he sleeps is not a benefit in regard to appearance).
I guess that would also need to be multiplied by 5/7 to exclude the weekend unless he kept a log - or indeed refrained from shaving then.
But I guess some don't (need to?) shave everyday so maybe you would deal with it on a usage basis...
.
only this afternoon I was listening to the farce that is the £11 billion energy meter introduction....with little or no real benefits for anyone except the energy companies (the ones it wasn't intending to benefit).
MTD has the same whiff of farce...with the eventual outcome in no way relating to the original objective.
I guess the question is, is the Revenue's technology able to cope with the changes....or as it seems more likely how many further changes are they going to make to have the poor businesses fit in with what the Revenue system can deal with.
yep capital on the face of it....what relation is the tenant to the landlord (what other landlord would spend £2k on the advice of a tenant other than to either improve the property or increase the potential rent - especially given that any future new tenant is unlikely to be provided with 'free' logs).
I can imagine the conversation...
Bob : "a guy who I have never met said I can receive my pay gross rather than net of tax...the only cost being his fees."
Bob's wife : "that sounds too good to be true"
Bob: "surely not....pay little no or no tax...this scheme is pucker!"
5 years later
Bob: "I have to find 50k - the revenue say I was in a tax scheme!"
Bob's wife: "don't worry - I have an ancestor in Africa who has apparently left me £100k in their will, I just need to pay him £1k to release it".
if you want to believe you can easily be fooled....but it makes you no less of a fool....sympathetic yes....but should other people pay for your error...no thank you.
"how would you approach this question?..."
no fee - 10-15 mins of general overview
Fee - more indepth/advice/comaratives/options etc depending on level.
No experience in this area - pass to or sub-contract to appropriate adviser with skill set (if you get a copy of the final report/advice will serve as starting point for your own training in the subject.
it never ceases to amaze me at how many apparently 'intelligent' people seek advice on potentially complex personal financial matters on a website from which advice is provided by (essentially) anonymous individuals.
I guess the issue is that the questions are not presented by clients - indeed many are by anon....
That said rude/sarcastic/nasty replies haven't changed - just that the amount of sensible/well positioned questions have reduced.
Of course there is irony in your comment regarding people posting without stating their qualifications - kinda begs the question why you would ask an important personal or business related question on a potentially complex area of tax on a 'free' forum....
the irony was not lost on me alone then....