Member Since: 9th Sep 1999
22nd Oct 2011
Desktop / Online Comparison
Now that they have been around for a little while - has anyone any comments on use / clients' use of the online versions, where they were previously used to the desktop versions?
17th Oct 2011
Sorry Simon, did not mean to mis-quote you - stuck in my mind at the time but probably not the % but the qualitative comment that I got wrong. Your point was: if you chaps are going to use spreadsheets you should do them carefully & rigorously.
12th Oct 2011
Some years ago at a Digita conference the owner, (forgot his name), in the opening welcome said that the advantage of systematic software over spreadsheets was shown by the fact that he had been told that 50% of spreadsheets had fundamental errors in. At a break-out session with the well known Excel wizard Simon Hurst he said that was not right - he thought it was more like 98% that had fundamental errors.
22nd Aug 2011
I do hope not just plumbers
The more they target these trades where the phrase I hate: "cash in hand" is commonplace the more leverage I have with clients & potential clients when I say that I can make sure their tax affairs are in order.
2nd Aug 2011
Small Co.s just don't have cars in them
The last thing I would want to do is pour cold water on a new initiative but...
Most of us small practice GPs would not join a cars group if our client base is largely Ltd companies - because the existing car tax regime means that our clients just don't have cars in their small companies at all. Consequently the group is certain to be of interest only to accountants advising large companies on employee/director reward packages.
22nd Jun 2011
Receipts & Payments
The argument would be that receipts & payments, (if properly recorded), rather than GAAP would only change the tax payable between years, over the life of the micro-entity the total Receipts less Payments would equal the profits.
22nd Jun 2011
Companies Act Accounts
The point of the EU relaxation is not that accounts will not need filing at Companies House, but that micro-entities will not need to prepare accounts that comply with Companies Acts/GAAP - the extent that this requirement is relaxed will depend on the individual countries. Maybe HMRC will argue that GAAP accounts are needed for corp tax but they may be arguing with a de-regulating government.
22nd Jun 2011
IS this the extent of the proposals?
The simplification involved when "ministers reached an agreement in Brussels" (AWeb 3.6.11), gives much more flexibility than just not sending a copy of the abbreviateds to CH.
I think that the proposals allow member countries to go much further - from a 26.4.11 letter from Philip Johnson, President of FEE, (Federation of European Accountants), to Hungarian representatives: "The current proposal to allow micro-entities to apply cash based accounting is in our opinion a backwards step" http://www.fee.be/currentissues/default.asp?content_ref=1382&library_ref=4&category_ref=73
21st Jun 2011
Could not agree more
I could not agree more - how can I tell a client that he must comply with the law when others, who are fraudsters, get off so lightly.
20th Jun 2011
Box is not Badges of Trade
The "box on the right" does not give guidance ont he badges of trade but on best practice if it is a trade.