We too have experienced the same issues, yet KashFlow deny there is anything wrong. Ever since IRIS took over the standard and quality of support has gone downhill!
MTD is in my opinion and thousands of others, pointless and a complete waste of time and money (taxpayers money too!) why force businesses to submit quarterly reports, which the government will do nothing with and would be meaningless anyway, then submit the correct accounts which will include interest, accruals, prepayments, capital allowances etc etc??
The only reason (my opinion) HMRC are introducing MTD are for the penalties it will generate from failure to report on time. You would think that they (the government) would at least get RTI right before it comes up with ludicrous ideas like MTD.
On another note MTD is not new, we have been submitting accounts, tax returns etc online for years!
£120 is ok but £750 is extortionate. Regardless if the employee is going to opt out he or she has already breached the threshold for AE and will automatically be enrolled, so a pension provider must be put in place (NEST is free) and the relevant letter should then be sent to the employee detailing how they opt out if thats what they want.
We know HMRC arnt the cleverest bunch of people so its no suprise to me that they would miss out something as simple as a signature box, if you have clients who do not have access to internet and have always had paper versions, just get them to sign anywhere on the tax return, every page if need be, then you have your proof :)
Unfortunately Moneysoft will not be fully AE ready, according to to George McHamish from Moneysoft. His quote to me was" to be fully "AE ready we would need to produce a program that was 90% pensions and 10% payroll - we have no intention of doing that!" which is a shame as Mone ysoft is very user friendly.
I wouldn't go lower than £450. Just because the company has only 30 transactions and a turnover of £15 is immaterial, you still have to have the knowledge for Companies act disclosures, tax law and reporting under FRSSE, let alone the cost of a licence for your accounting software!!
I agree with Moonbeam, HMRC will net a fortune. I am a little dissalusioned as to why Rebecca Bennyworth would think that having the respite extended is good news? surely, get all employers to get it right before April 2014 would have been better!!
I would say from what I have read that your fee seems to be about right, maybe a little low. I would be asking your client if the quote he got for £650 came from a qualified accountant? and was it a fixed fee also.
My answers
We too have experienced the same issues, yet KashFlow deny there is anything wrong. Ever since IRIS took over the standard and quality of support has gone downhill!
MTD is in my opinion and thousands of others, pointless and a complete waste of time and money (taxpayers money too!) why force businesses to submit quarterly reports, which the government will do nothing with and would be meaningless anyway, then submit the correct accounts which will include interest, accruals, prepayments, capital allowances etc etc??
The only reason (my opinion) HMRC are introducing MTD are for the penalties it will generate from failure to report on time. You would think that they (the government) would at least get RTI right before it comes up with ludicrous ideas like MTD.
On another note MTD is not new, we have been submitting accounts, tax returns etc online for years!
£120 is ok but £750 is extortionate. Regardless if the employee is going to opt out he or she has already breached the threshold for AE and will automatically be enrolled, so a pension provider must be put in place (NEST is free) and the relevant letter should then be sent to the employee detailing how they opt out if thats what they want.
We know HMRC arnt the cleverest bunch of people so its no suprise to me that they would miss out something as simple as a signature box, if you have clients who do not have access to internet and have always had paper versions, just get them to sign anywhere on the tax return, every page if need be, then you have your proof :)
Moneysoft
Unfortunately Moneysoft will not be fully AE ready, according to to George McHamish from Moneysoft. His quote to me was" to be fully "AE ready we would need to produce a program that was 90% pensions and 10% payroll - we have no intention of doing that!" which is a shame as Mone ysoft is very user friendly.
Absolute minimum £450
I wouldn't go lower than £450. Just because the company has only 30 transactions and a turnover of £15 is immaterial, you still have to have the knowledge for Companies act disclosures, tax law and reporting under FRSSE, let alone the cost of a licence for your accounting software!!
HMRC widfall
I agree with Moonbeam, HMRC will net a fortune. I am a little dissalusioned as to why Rebecca Bennyworth would think that having the respite extended is good news? surely, get all employers to get it right before April 2014 would have been better!!
Is he or they qualified?
I would say from what I have read that your fee seems to be about right, maybe a little low. I would be asking your client if the quote he got for £650 came from a qualified accountant? and was it a fixed fee also.