Member Since: 12th Oct 2015
1st Sep 2020
Bizarre.I have worked for qualified firms without a tax specialist.Yet they would be authorised under the proposals.No need for any new regularity body;HMRC AML unit would just require a limited degree of expansion.Although the fees are already prohibitive.The big offenders by definition would have to be “authorised “ firms.A sophisticated taxpayer with a lot of money to “hide” is unlikely to use an unqualified back street accountant.Years ago Investigative Inspectors working on grass root investigations covered their costs ten times over.Surely the answer is to go back to that system ?I am glad that I am about to wash my hands of the whole process.Best of luck to those staying in the industry.
6th Dec 2019
Interesting I was this year ripped off by a company whose directors had stripped the company of cash,leaving customers high and dry.I am more or less solely a tax person,and the advice on this site suggested that the unqualified report was purely for the shareholders direction.No more and no less.
12th Jul 2019
I have dipped into their show now and then.Whats their hours 3 per show ? £200 an hour ?Compared to some BBC presenters probably reasonable value.Surprised Hawksbee got away with it.But there again some of these Judges hmm ?
29th May 2019
Back duty was a pre curser to the Accounts Investigation Course.I took that course which took about a year to finish.You first had to pass an accounts preparation course at the end of the first week,then a final exam. you had to get at least 60% based on three papers in the final exam.Fail either of these exams and you were “back squaded “.The course was very good,depending of course on the quality of your tutor. I remember being “invited” to Woking tax office once.It was a bit of a dump.
8th Feb 2019
Interesting,but the big boys come up with this rubbish a lot of the time.Most Mid Tier firms have an SB Unit and presumably they will go the same way ?
However I am surprised a “one man band “ operation could survive with just 30 such SB Unit clients ?For that sort of fee level would it really be sustainable?
Does make you wonder where the industry is going.
11th May 2018
This beggars belief !
4th Apr 2018
I always have problems integrating employment rights when running the test.
If all the other factors determine the result,then employment rights then flow from this ?
That said of course if employment rights,are already in the “contract”;then stop there,clearly an employee ?
16th Feb 2018
This is absolute rubbish.If you believe you are giving a good service for a fair fee,then that’s all that matters.Personal recommendation outperforms all the clever marketing strategy every time.The Lecturer had probably not worked for very long at the coal face.
15th Jan 2018
This is interesting.With identifying the correct foreign tax credit applicable you almost have to start from the finish.I have spent ages on this,often for some very small amounts.Generally however with automated tax comps,remember last years problems with HMRC unable to accept all comps and ran off a long list of possible incompatibility’s .A couple of people last week in my office,doubted the dividend tax result produced in a case as it seemed non sensical.I had actually checked it out with a spreadsheet my software house produced and the HMRC result and everything tallied.The two of them spent about an hour on this (in January) and eventually agreed although the comp was non sensical it was right.Much to my relief.One of the colleagues was about to speak to IT support and said that a (Jan) update was correcting a software computation error !I am glad this is my last January rush.
24th Nov 2017
I made the decision last Jan to go end of tr season this Jan.I am unsure almost on a day by day basis whether this is the right decision.Money is of course a big factor,but whilst I still enjoy the mental challenges,clients are now p*ssing me off big time.We all know the c**p we get if we miss the deadline,yet I still have 150 odd to do; and as of last Wednesday I had an empty in tray & everyone had had at least one reminder.Initially MTD prompted the decision.But this seems to be kept on pushing back and back.