Member Since: 7th Apr 2004
28th Sep 2016
I use a payroll bureau, Think Map Corporation Ltd. They do mine and also for several others. Run by three first class qualified payroll professional females. They deal with absolutely everything an employer is obliged to do. See their website!
PS I am a director and shareholder, but have never drawn anything
19th Aug 2015
Thanks Northernmonkey, I can get the 'tax year overview' now (we use IRIS) and see what you mean.
My guess is that the mortgage lenders want to see what tax has been paid, then try to relate that to declared income somehow. But that won't work when the tax is payable months after ITR submission, will it? So I can't see how it will stop the type of fraud in my original post.
davebeman makes a good point also. The IFA's must learn how the tax system works for freelancers then find a similarly enlightened lender.
It's often very difficult to convince the client of the time spent on these things
19th Aug 2015
I've been told by a lender (via an IFA) that SA302's are no longer acceptable to them and a 'tax overview' is required instead. Neither can be downloaded unless HMRC software is used.
Apparently, there are instances of individuals filing excessive income, requesting an SA302, then filing an amended return to HMRC
9th Jul 2015
Wear and tear
'Improve' the property? Since when have property improvement costs been deductible from rents received?
14th Apr 2015
We all have clients like these, 'leave it, he ain't worth it'; get rid of him
The stress you could do without, I'm sure. He may drag you down with him, or spread you name as an accountant that can be manipulated
24th Oct 2014
I've been in practice for over 25 years and have never encountered a solicitor who :
was not grossly expensive
was willing to invest some time in establishing a relationship/empathy with a client
did not delegate everything to unqualified clerks
was at all organised
did anything in a timely manner
was at all numerate
was at all pragmatic
could explain things to clients in plain terms
was not at all arrogant
was not at all error prone
If there is a solicitor out there who can say 'none of the above', then I will heartily recommend them to my numerous clients who are always asking
29th Aug 2014
I'd like to nominate Loraine Reid of Think Map Corporation Limited (a payroll bureau) for her relentless efforts cajoling HMRC and 'the leading payroll software supplier' to rectify Real Time problems. Loraine has been the first person to flag up several software issues.
In addition, not a single payroll client has received a valid penalty notice thanks to her efforts. She is first class.
6th Jun 2014
I cannot see any consistent application of SA penalties by HMRC.
From my experience, on a personal level, HMRC staff do not like applying penalties except in cases where it's obvious there was bad intention by the taxpayer. This has held true in some surprising situations.
12th Feb 2013
Elansea, what were the 'years under enquiry'? I cannot get HMRC to specify for the two cases I am dealing with. They are asking for 'disclosure of all omissions'.
19th Dec 2012
You have to tell HMRC 'I am standing by my fax machine awaiting your fax'
Yes, really. That's what my client was told to do when he rang them