Member Since: 6th Jul 2009
1st Sep 2020
Are you an ICAEW member? If so the tax faculty membership is well worthwhile and includes regular webinars.
5th Aug 2020
Yes agree that cashflow seems fairly useless.
Open banking feeds need to be improved, many not working regularly. This results in frustrated clients getting annoyed with us, unsuprisingly I can rarely fix it as it's a QBO issue. American Express feed was originally promised in April but it still says it is coming but no timescale.
Data capture of receipts has some uses but is limited. Some clients now have the option to classify as bills or receipts, some only seem to have the receipts option, so it is inconsistent.
Month end optimisation not available yet as far as I can see.
27th Jul 2020
No, they are fortnightly I think.
20th Jul 2020
You have to sort the wheat from the chaff. A lot are sales pitches and you can spot these after 5 minutes and end the webinar. Others can be quite useful; informative ones from software providers that I use anyway etc. The ones from HMRC are also fairly helpful, albeit a bit simplistic sometimes.
Couldn't agree more about sorting the wheat from the chaff. I actually think the aweb ones with Rebecca Benneyworth with guests over the last few months have been great and continue to be so. She truly understands what it is like to run a small practice and has the tax knowledge on top.
I have always enjoyed tax faulty webinars from ICAEW and value them very much as part of my subs. There seem to be a lot more ICAEW webinars available now, some of which are decent but many of which have now got sponsors and have the sales pitch vibe which immediately puts me off.
I really can't be doing with Sage/QBO and the like offering me webinars though unless they are directly related to how to use a new feature on the software. I have better sources of information on tax etc than the software house.
I have even had emails from booker cash and carry on furlough!! Thankfully not a webinar though...
There are definitely loads more on offer though and many of them are really not worth watching.
16th Jun 2020
Ben McLintock wrote:
No if FRS105, yes if FRS102
Agreed. And if the client is one with significant deferred tax I would always push them towards the FRS102 route, mainly to lower distributable profits so they don't take all the money out of the accounts and then get a shock.
3rd Jun 2020
It would take quite a lot before I put them in their place. I am lucky in my client base I suppose in that there aren't many that I don't like, let alone get offended by.
I have had the 'why should I pay my tax they'll only give it to immigrants' type of comment from clients and I normally just move on without really acknowledging it - something along the lines of 'unfortunately we all have to pay whether we agree with how they spend it or not' etc. If someone went full daily mail on me I'd have to put a stop to it but I would try to avoid an argument and just tell them I didn't agree with them and didn't want to talk about it.
I have also had the immigrants comment and ignore and move on, or have said "well, we won't go there" and moved on.
At the end of the day their opinions are not my business but I won't be agreeing with them or entertaining them.
26th May 2020
Yes, I think I may have had a different reaction had it been a totally unconnected party but it did smack of wanting the teenager to have some summer pocket money rather than being a business requirement. The business has operated throughout albeit on a slightly reduced basis.
I do have a couple of clients where the spouse is furloughed (and one where a family teen is furloughed) but those people have a complete halt to their business and the people involved are doing absolutely no work so I was fine with those ones.
26th May 2020
Yes, I did and called them earlier. See below!
26th May 2020
Update - I phoned the client and had a general chat.
Now knowing about the work permit requirements and having thought about whether one of the furloughed members of staff could do the work required, they came to the conclusion that maybe it wasn't such a necessity to employ the teen family member after all...
26th May 2020
Thanks for your reply, it sums up my thoughts.