Member Since: 21st Mar 2005
20th Apr 2021
I received the following email from HMRC, as a software developer.
As one of our key stakeholders we would like to alert you to an HMRC consultation published today on ‘Raising Standards in the Tax Advice Market’ on which we would value your input.
Responses to our call for evidence, which closed in summer 2020, showed a recognition that the tax advice market needs some form of intervention to enhance consumer protection and improve standards. As a first step, the government committed to consulting on introducing a requirement for all tax advisers to hold professional indemnity insurance. The consultation also looks for views on a definition of tax advice which will help determine who falls into scope of this requirement.
I’m a software provider, not a tax adviser. Why does this affect me?
This consultation is aimed at all those who offer advice or assist their customers in complying with HMRC requirements. There is currently no standard definition of ‘tax advice’, so this consultation seeks to understand whether – and why – there should be exceptions to a broadly drawn definition.
It is vital that HMRC understands the impact these proposals would have on the software provider market. We would therefore welcome and value your engagement on this.
If you would like to be involved or contribute written views, please contact HMRC at [email protected]. The consultation will run until 15 June 2021.
We look forward to hearing from you.
17th Jun 2019
This looks so Catch-22. Unless you find another way through the legislation, it is probably best for you and her to talk to her Member of Parliament and seek their help.
4th Apr 2019
You can go at this another way. Instead of asking your clients to provide you backups from their accounts program, you can ask them for a transaction file instead.
Whilst backup formats are specific to the software program which generates the backup, the transaction file generated by most account programs are easy to read with programs such as Microsoft Excel.
From memory, Sage can produce transaction files as print output (not helpful), and also as .csv files (very useful). Excel can open .csv files. Excel also provides a suite of programs to generate management reports from the transaction files.
So you don't need to buy loads of different versions of Sage or other accounting programs to read your clients' transactions. Rather, you just need to ask them to look at the options their accounts software provides for creating transaction files, and ask them to provide you those transaction files instead.
This process is straightforward, and can be greatly streamlined using programming to further automate the process, if required.
Do get in touch if you need more help.
12th Sep 2018
Hmm, there's probably some history here. The predecessor practice seems to me to be behaving as if the client is high maintenance and a pain in the neck. Also, the client doesn't know the numbers for payroll and VAT. Those numbers are usually known by businesses. Are you sure you want this client at the price you have agreed?
14th Apr 2016
Linking Sage 200 to MS Excel
i'd recommend that you don't use Microsoft Query, but rather link Excel direct to the Sage 200 database. You can then use Excel's tools to create a whole gamut of reports including cash flow reports.
Hope this helps