The one that annoys and worries me the most is where a client makes a large one-off pension payment and HMRC assume he is going to pay the same next year and amends his tax code. If the client isn't diligent we may not find out until he has had tax relief he is not due for 6 months or more.
No, they get a detailed trading account and additional schedules from our system which give various percentages and variances.
I would say that the club owns the structure since they are normally fixed pretty permanently to the ground. If you don't play golf, these things are normally about 3 or 4 feet high and maybe 4 or 5 feet wide, made of hardwood with a post at either end and one or two flat sections between the posts. The flat sections will normally carry the hole number and perhaps an aerial view of the hole and underneath that details of the sponsor.
If a sponsor changes or ends their involvement, their name will merely be replaced or removed, the structure might get a quick rub down and varnish but it certainly won't be removed and replaced unless it is at the end of its life.
I haven't found that formula based bonuses work well in the profession - it restricts the desire to ask questions, seek advice and even do the job properly - just wait until you find a bank rec where the outstanding cheques are made up figures from a long departed employee.
I tend to give random bonus payments for extra effort/value and helpfulness and I think it has worked well and the staff appreciate the praise.
Bonus and incentive schemes don't work well, in my opinion, where quality rather than quantity is more important. In a previous firm we had a bonus scheme based on profit on the jobs and it was dropped after 6 months when there was a near mutiny after messy jobs were given to the people who could cope with such a job when other easy jobs (and easier to break budget jobs) were given to others.
IRIS does do a good job most of the time with the software bits that matter.
I would be interested to learn exactly what the problems with Digita's Accounts Production are because I know the tax works well.
It also wouldn't be difficult to be better than IRIS Practice Management or Automail. However not fit for purpose for accounts production is pretty damning.
Is Accountex worth a visit?
We are a decent size with about 500 clients so integration is very important. The comments on accounts production are concerning and I certainly don't want to have all the problems of changing and a product which doesn't do what it is supposed to do. I know the tax product is good from talking to some large practices I know who use it but they don't use the accounts production.
It beggars belief that HMRC can upload guidance which is patently incorrect a mere 9 days ago for something which comes in to force in under 7 weeks. Why bother? Tax policy by brail?
I don't know what happened to the first part of the question but it should read: I have a client who is a UK VAT Registered company distance selling goods to individuals in the UK and various other countries across the EU.
Monthly salaries are a nightmare
We use Sage and it gives a NMW warning.
However having looked at this in detail there are real practical problems with the application of NMW regulations. Basically, you can't pay staff monthly under NMW unless they have lying time. Telling the poorest paid that they are going to have to have one or two weeks unpaid as lying time seems daft to me.
If staff work 40hrs a week at NMW, you cannot give them a monthly salary of 40hrs x NMW x 52 weeks divided by 12 because in the pay period (the month) they will have been paid less than NMW for some months when there are 31 days and each pay period needs to be viewed on its own.
You also can't prepare salaries monthly, using the actual hours for the first 3 weeks of the month and an assumption that the staff will appear as normal in the last week - usually any days of absence in the last week would be deducted in the next month but under NMW regulations that would be deemed to be an underpayment for the following month.
It is of course all bureaucratic nonsense which increases costs and complexity for small businesses who are supposed to be getting simplification. The reality is that the staff are getting paid NMW for every hour they work, it's just the timing of the wages payments which is slightly different. Throw in AE and you can see why small businesses are stressed.