Member Since: 29th Aug 2015
17th Jan 2018
This is total nonsense from HMRC. Who would truly go to the trouble of getting AA for a company they intend not to raise funds for. HMRC seem to have deliberately created a chicken and egg scenario.
I didn't see any updates to the guides or rules for this before Christmas so if anyone has a link for that I would be grateful.
10th Oct 2017
Sadly you just have to go into the portal each month as process manually. Confusingly this is called a direct debit although does not behave like one! The VAT DD works just fine in our experience and there should be a better automated option for PAYE from HMRC but it just does not exist which is very frustrating.
22nd Aug 2017
A good follow on question here. Nothing and no-one ever mentions cheap accounting to me however the same cannot be said for Crunch. Due to sheer weight of online advertising (which leads with a price message) they do tend to get mentioned by a few (not a lot) as they tend to drive a bit of market awareness about price.
The lead £29.50 message get Ltd companies excited but then you quickly realise its from £69.50 for Ltd and actually when you add payroll and a directors PTR its £96.50 and that is generally for a micro Ltd company with minimal complexity and certainly no tax planning required.
Therefore as soon as you approach something basic but interesting with a bit of tax/divi/salary planning etc Crunch starts to not make sense anymore plus the software whilst 'ok' is made in house and will always be a bit behind the giants.
I think Crunch generally do a good job of attracting and serving simple micro businesses (I don't think they claim to do anything else in fairness) at huge scale but their fees and offering are again nothing a small practice should be worried about when comparing apples with apples and cutting through the marketing noise.
Even if you were £10-20 more a month like for like a bit of light tax planning sorts that out straight away which I have done for several ex Crunch clients whose needs have got more complex.
No doubt there will be an increase in price transparency online in the future as there will service transparency but there should always be a role and a right client for each small practice in my view. The danger zone in my opinion for a small practitioner is trying to take the lowest market price with the highest personal service and sprinkling with the objective of making a decent profit. That is a very difficult cake to bake!
21st Aug 2017
Yes, picked up several clients from them. Mainly related to the clients being unhappy about their level of knowledge of their business, mistakes being made and the churn of client account managers who some seem have have change every six months. I am sure there are other clients who are happy with KPMG's service but from my first hand experience it is nothing to write home about and the skill with which they manage a clients Xero account not very impressive having seem it all first hand. Quality seems to vary significantly and I can only think this is down to 'people' which is harder to control and standardise.
Having seen this I think that whilst they may have a national reach and marketing budget their implementation leaves a lot to be desired and just like most things a good small practice has nothing to fear.
28th Jul 2017
Similar story here to Glennzy. I just laugh at threads like this where accountants still are not sold on cloud. Paul above explains the benefits very well so I don't need to reiterate those. I am actually looking forward to MTD as see it as a big opportunity.
25th Jul 2017
For me the cloud is a tool to be deployed to achieve a client (or practice) objective rather than cloud for clouds sake.
Implementation is also important. If you are using tokens/readers to refresh feeds then perhaps your choice of cloud or feed type needs reviewing?
There are more considerations on choice and implementation than perhaps the vendors would like to admit so go back to basics and understand the 'WHY' client by client first and the rest will follow, including a decision that perhaps it is not appropriate.
14th Jun 2017
Thanks all for the replies, even the lazy one.....I have already sent those low hanging fruit links previously it was more a case of anything further I could add in UK or EU law. Sounds like others have found frustration here regardless of legal right/wrong which is very helpful to know as it is not much hassle to get the client to FRS VAT register just a bit more admin for them. Thanks again all.
10th May 2017
2nd shout for brightpay but watch out for the functionality gap between mac and pc versions. Store the data files in Dropbox or cloud storage and you are away.
3rd May 2017
Nice one Ronster!
If you had the previous VAT returns published then the most recent VAT return should adjust for the changes as late claims. Publish the latest VAT return and use the vat audit report to check that if comes through in the late claims section.
Once you are satisfied it is showing up in the most recent VAT return why not file the VAT return through Xero using your HMRC online credentials. Also tip for the future, why not setup a VAT DD in your HMRC online account so when you file through Xero HMRC will take payment of what is due automatically. You even get an extra 3 days as the DD's generally go out on the 10th rather than manual payments on the 7th. Works well in our experience and who doesn't want an extra 3 days :)
2nd May 2017
What Kent Accountant said....as long as previous returns have been published in Xero otherwise adjustments will show up in prior returns which is not what you want.
Alternatively assuming all transactions are the same you can post one correcting bill to the nominal with minus the amount without VAT and adding the same amount with VAT in another line.