Member Since: 17th Jun 2004
19th Feb 2021
Thanks all, that's what I thought, but I was reading about the PCRT and it spooked me a bit. I'll go ahead as planned.
17th Feb 2021
There's usually a day or two delay between receiving the email and the notices appearing on the online system.
Also, check the year, as HMRC are currently sending out 21/22 PAYE code notices, but their system defaults to current year, so you need to change the year to see if there are any for 21/22.
I tend to ignore the emails and have a diary reminder to check for new code notices every week, which means I'm less likely to miss any.
2nd Feb 2021
I've had to re-authorise every client every quarter on Freeagent - it's a real pain in the [***].
23rd Jan 2021
Once you've been in practice long enough, you can spot them a mile off.
Before electronic ID checks, the stumbling block was usually ID/Address proof. So many potential clients would go out of their way to avoid showing you what you've asked for. (And of course long term existing clients back in the day when ID checking was first brought in). However many times I'd remind them to bring it in, they'd "forget" time and time again. There was one clown who "forgot" so many times, I just asked him for a photocopy of his passport - he posted me a copy of the cover, not the photo/details page. That did it for me and I disengaged him. Life's too short for smart-a****s like that.
Another red flag are the ones paranoid about confidentiality, and those who have such a brilliant business idea they insist on a NDA before even the first meeting. I used to indulge them and sign their NDA (it was always a home made copy & paste pathetic attempt too, not a professional one tailored to them, so probably not enforceable). Then, when they finally tell you their idea, it's always something that's already being done, or an obvious non starter, yet they're deluded enough to think they're going to be the next Bill Gates!
23rd Jan 2021
Use your own agent ID/login.
If the client needs access to their ID/Login, THEY need to contact HMRC directly to find a way to do it.
I hope you've not been pretending to be the client (with our without their permission) - that's not allowed.
25th Nov 2020
Are you actually preparing the statutory accounts in the format required by The Companies Acts and accounting reporting standards? From one comment above, it seemed you just provided a trial balance. If you're not preparing the stat accounts, then obviously the auditors need to do that in addition to the actual auditing of the accounts.
I have a couple of clients who need audits, but I provide the auditors with not only the trial balance and working papers, but I also draft the full statutory accounts which knocks quite a bit off their audit fee.
23rd Nov 2020
I have much better outcome when doing our own training. We've hired experienced staff, we've used experienced subcontractors, but rarely found anyone we could really rely on.
It seems there's usually a reason why experienced staff are in the market looking for work, and that reason is often that they're not as good as they think or they have other issues, such as reliability, etc.
23rd Nov 2020
I agree, so why do sole traders get the £2,500 per month whether they need it or not?
It's the lack of parity that gets me. The different rules, i.e. 50:50, £50k etc are illogical compared with the furlough scheme for directors/employees with no such restrictions.
5th Nov 2020
I may be out of date, but a few years ago, a dance school client of ours passed a similar question by a VAT consultant. The upshot was that the proprietors' "teaching" was exempt, but the work done by staff/self employed workers wasn't. So if the sales generated by the "staff" exceeded the VAT threshold, then VAT registration was required. A further point was that if the dance school was a limited company, then all the turnover was potentially VATable and not even the proprietor's (director in that case) own generated turnover would be exempt.
5th Nov 2020
Nope, not at all. The closest we are getting to clients is a handover of books/records/paperwork at the door. Since March, we've not had a single client across the threshold and not visited a single client. We're going everything by email, phone, online portals, and zoom/skype/facetime as necessary.