Member Since: 23rd Jul 2005
1st Sep 2020
I think it's the brazen-ness of it. They could have just said 'due to Covid we are sorry but we need to increase our fees by 2%'
But what they are doing, is sticking two fingers up to the government and saying we arnt paying any more UK tax (which is what the government were trying to do), and so your UK businesses will be paying it, and we will make a bit of a profit on it too just for good measure.
Maybe a banking style windfall tax would be a better idea, but they would probably just add a '25% windfall tax supplement' on all their invoices. They've got a monopoly so don't really care.
1st Sep 2020
I'd like to reiterate what you're saying about cancelling Iris. They have put in a 3 month notice period for cancelling the payroll at the START of the contract. ie if you just think 'I'll cancel well before the next renewal date', you could still be left with upto 15 months to pay for if you don't do it 3 months early (how that is legal I'll never know). And once they have got the overpricing up, there's no going back down unless you sign a 3 year contract. They offered me a £14 deduction for a 3 year contract.
So I went with Payroll Manager for the payroll. It was virtually a tenth of the Iris price, much easier to use and they don't say it will cost you £400 if you want to add, say, tax codes into a report, and got none of those hugely expensive add-ons for doing basic things like emailing a payslip or working out AE.
And because of that I switched all the tax to Tax Calc as well. That's probably a third of the Iris price. So for me, I save probably £5K pa by switching. But I've got my fingers crossed they don't buy either Tax Calc or Payroll Manager. I think it's outrageous what they do and feel sorry for the Tax Filers.
16th Jul 2020
So somebody is asking an accountant to do some book-keeping and prepare some accounts ? What a 'flippin' liberty. No wonder so many people on here are advising them to charge more.
10th Jul 2020
So let me get this straight. Because you suspect some people use tax avoidance/evasion, everybody who has been forced to try and live on £700 pm for 6 months, and then potentially nothing at all for the forseeable future, 'would be an absolute disgrace, and morally repugnant if they tried' to claim £1,000 in January ?
9th Jul 2020
And companies pay 7.5% dividend tax starting at £2K, self-employed 9% NI starting at £8K. It's still all tax on their income.
Worrying about what is earned and unearned income is irrelevant. The whole situation has been caused by successive government's smokes and mirrors policy of fiddling with NI rates to hide tax increases. And not everybody chooses to be a limited company, eg film, TV and IT workers are often forced into it.
9th Jul 2020
Why on earth would you think that ?
Employees and self-employed have been bailed out with 80% of their income. And the self-employed can even carry on trading as well. Whereas small limited companies doing exactly the same work can generally only get about £700 per month and can't work at all. It would take a lot more than a paltry £1,000 to even things up.
17th Apr 2020
16th Apr 2020
Does anybody remember back in the bad old days when we used to have to speak to people on a thing called a telephone ?
26th Mar 2020
Finally found out then. From HMRC "Those who pay themselves a salary and dividends through their own company are not covered by the scheme but will be covered for their salary by the Coronavirus Job Retention Scheme if they are operating PAYE schemes."
26th Mar 2020
I was wondering if that sentence meant that...but why didnt anybody ask the question we all want the answer to ? It's not like BBC/TV journalists dont know about small companies ffs !