Member Since: 16th Aug 2011
5th Sep 2019
Isnt this what MTD was for?
I dont actually think it would be a bad idea if Im being honest, people are generally terrible budgeting for their tax so to pay it monthly or quarterly would probably make for a fairer system. It would have to be well thought out (which pretty much rules out a succesful role out in the UK) and apply to limited companies also which could possible help with the serial company liquidators too.
29th Jul 2019
Rebecca you are panicking me now.
Where does it say that a client has to click a link on an email for the DD to be transferred?
I have received an email to say that my VAT DD has been transferred and I didn’t have to do anything, notwithstanding I set my own business up from my ASA (as a client).
How do we know if our clients’ DDs will work next week?
Do I have to call HMRC? Please advise urgently.
Ive had a client forward the DD email onto me this morning and there is definitely no link to click on in there. It just states that it has been transferred over to the new system and also states "There is no need to take any action."
1st Jul 2019
Red Leader wrote:
Will it be as good as Xero Payroll ...?
Lets hope so!
28th Jun 2019
I am frequently amazed by Xero users who tell me that they think that QBO can't do things as well as Xero
Its a cult thats why Charlie!
12th Jun 2019
As ex HMRC I am "unqualified" as in no certificates and no letters.
No letters, this way to join the queue for burger flipping training at McDonalds please.
11th Jun 2019
To be the dissenting voice, I'm unqualified. I worked for HMRC for 20 years, and have worked in private practice (mostly regulated practices) for 18 years. I've seen soem horrendous stuff from qualifieds, and have had to correct advice given by qualifieds.
I follow PCRT with a passion, and maintain my CPD.
Who has the right to determine that being a member of a PB that cares more about the subs than the members would make me any better.
And note that it's usually qualified practitioners coming up with questionable schemes to avoid tax.
And here was me thinking you were proudly showing off your letters in your username, but alas no! The truth is out you absolute scoundrel!
10th Jun 2019
Burn them I say, the exam dodging layabouts!
8th Feb 2019
To take a live example....Xero, which we admittedly do not use unless forced to...staff scratching head trying to reconcile bank on Xero, 'Bank Statement' tab on bank rec feature nowhere near correct balance, even though bank feed is used by client. Can't phone Xero, have to e-mail them. They send automated response e-mail back - response time expected to be 7 hours. If we have a further query another 7 hours?
QBO, using their bank rec feature we reconciled 11 months of bank statements in 10 minutes. If there had been any problems we could phone their support line and get an immediate answer or screen share to resolve.
To be fair to Xero, the client has probably entered manual transactions to the bank and messed it up, but how can something be called a 'Bank Statement' when it isn't and doesn't agree with the real bank balance? And why is it necessary to wait 7 hours for an answer? Xero and QBO cost a similar amount so why no UK phone support?
I'm not saying QBO is so wonderful, all software has flaws and I'm sure Xero is better in some areas, but to me for the price QBO does the job better than most and the UK phone support clinches it.
Thats you off the Xero awards list Bryan, you monster.
6th Dec 2018
I hope he is planning on scrapping the existing pile of crap and starting from scratch!
4th Dec 2018
well yes , as my client are older 50/60 and trades people or in service industry they prefer manual records and maintain them on a daily basis - they do not want spread sheets or cloud based products . They are not educated to use them and feel this force changed unfair. This means they want uf to transfer the information onto a computer by individual entry. In effect this really is four sets of Accounts per year. I am not gainst technology but MTD has not been thought out properly and pushed through far too quickly . Interested point though .
As you are just providing them with the same 9 figures why do you need to prepare the VAT any differently? In the future that might change and then you may indeed have a problem but until then just add them up on your adding machine and journal into some software.