Member Since: 9th Jun 2016
30th Jul 2020
Thanks for the usual clarity on this. Certainly clearer than some of the penalty decisions Man U got via VAR of course
17th Jul 2020
Football finance expert Keiran Maguire - LOL
30th Jun 2020
I agree totally on the client part - I always have a proper chat with a prospective client. You might be being assessed but I am also assessing them.
Software - I always say no one as re-invented the wheel, don't believe the hype and don't forget the basics are still critical
23rd Jun 2020
Interesting points - slightly different angle as my leap was from within the organisation to running it. So I have made some good decisions, some average and some poor. My rule of thumb on prospective new clients, if they mention fees within the first 3 questions then I usually curtail the process, quote high and invariably never hear again.
9th Jun 2020
Certainly an interesting one - we have always worked fairly flexibly and certainly subscribe to the output based model not hours put in. Never been a fan of meetings about meetings
Saying that the office is a 10 minute drive away and with a house full of non exam taking teenagers and an older furloughed one, then given I had the safe social distancing option I took that so that I wasn't requesting quiet all the time
1st Jun 2020
With astute thinking like that and a common sense approach - then there is no chance that the politicians and Civil service could come up with that
27th Apr 2020
You are correct when it comes to the employers NI. However the change in guidance was quite late in the day so a couple of our client claims inadvertently included it. We are talking very minimal sums. Our approach will be simply to deduct this from the next claim or not claim the employers allowance this month. Sometimes you just need to take a pragmatic approach
6th Apr 2020
Yes thanks on the buy to let point - I believe there was a financial expert on TV one afternoon last week that said something about furnished holiday lets but I immediately had a client convinced it was now applicable to his buy to let portfolio.
I wouldn't mind but when I suggested had he lost any tenants or reduced the rent yet he said no.
Can the figure be combined for clients with self employed and partnership income. Given each would qualify separately if that was the only source
1st Apr 2020
They will probably be entitled to 80% of the £8,620 /12
And are probably paying their wife who has probably been furloughed from day 1 of the company - so times 2
And perhaps they should have retained some profit in their companies to cover a rainy day fund rather than withdraw every penny each month
1st Apr 2020
I can't say I empathise too much with those that have utilised the low salary / rest as dividends approach. They have contributed less in tax (yes it is now marginal I appreciate) but it has been deliberate behaviour fully in the knowledge it mitigated tax and maximised net pay.
To then seek a handout because they took that advantage seems disingenuous
Had an argument on Twitter with a football commentator - where he said there was no tax advantage and he was glad I wasn't his accountant. I suggested I was a better accountant than he was commentator