Member Since: 13th Feb 2014
28th Apr 2021
“Before advising clients about SEISS..”
We didn’t and don’t advise clients about SEISS. We prepare the tax return. This year I am asking for three additional pieces of information: the SEISS grants claimed, any incorrect claims and an estimate of current year profits if they want us to reduce their POAs. That is enough extra work. I am not going back in time to see whether the conditions were met and I doubt my clients would want to pay me to do so.
12th Mar 2021
I doubt any of my trader clients, old or new, would manage this.
However some traders must now have GG accounts which I never thought could be possible, so will see.
Can we have a party to celebrate your retirement?
30th Jan 2021
Of course the employee won’t have access to the amount claimed for them, this information is not submitted on a claim. There is just one number per CJRS claim.
16th Jan 2021
They have come a long way, just a few years ago the prize in a competition was a tailored suit for a man.
9th Jan 2021
Thanks and I like your conclusion. The problem is that clients email expecting a yes or no answer and everyone seems to think there are lots of WFH allowances around due to Covid.
I am not sure I follow the BIK. If the company has paid for the pod and it is 100% business use then why is there a benefit?
10th Nov 2020
Biology may prevent it though.
3rd Nov 2020
Given they have emailed all their customers to say there is no prerequisite then I have assumed the guidance/legislation will be updated too and have advised clients, who I assume also have received this email, accordingly.
2nd Nov 2020
No in their email it says that neither the employer nor the employee need to have previously used the CJRS.
1st Nov 2020
What is “current wages”?
Why do you need clarification on whether contractors and Directors can apply, if they are working part time then I expect this is great news since they qualify whereas they didn’t before as unable to stop working for 3 weeks?
17th Oct 2020
Thanks this was useful especially regarding the taper. I have at least 3 clients where I will have to calculate the taper but still waiting for all the info.
Apart from recommending pencon you didn’t really say what accountants should be doing to work out any adjustment to the tax return.
I just think it is added work for the accountant and wonder how others are dealing with this please?
I will look at pencon if I have difficulty calculating the threshold and adjusted income.