Member Since: 12th Jun 2015
Director of All Paul Limited, a modern, proactive firm of accountants based in north Leeds that focuses on helping smaller businesses and their owners manage their accounting, business and taxation.
Director All Paul Limited
10th Apr 2021
I've had a similar email from a client. It may be true that his accounts and tax return are not due quite yet.
When he is free to provide information does not mean that I'll be free to accept it and work on it straight away.
Clients ask what the deadline is for accounts and tax return. I tell them but also say that I do not work up to deadlines. That creates me with more pressure than required.
What if all clients gave you their records a week or day before deadlines? Do you drop all other work and service them?
He needs to be told straight what is and what is not acceptable if he wishes to work with you.
16th Mar 2021
Ask the client to request docs from old accountant. They have/had the contract to prepare/file the said docs. They are in a strong position to sue / threaten to sue rather than reply on professional ethics which a court cannot give a judgement on.
16th Mar 2021
If, and only if, I did do this, I'd stick to the facts e.g. income in 2018-19 was £47, 2019-20 was £50, 2020-21 was £48. We are not aware (fact) of any significant changes. It would therefore be fair to assume an estimate of around £48,000. Or we've just had Covid-19, we've not prepare accounts, see accounts, records for xx months. No reliable estimates be made. I've never had a bank / building society come back to me. It is only an estimate and an opinion!
Put lots of disclaimers that only estimated based on historical data and 'past performance is not necessarily an indication of the future' etc etc
Make sure you charge enough.
12th Mar 2021
123sheets. Simple and flexible with deadline and review of clients. https://123sheets.com/
Special rates for accountants.
Regularly being updated and will be ready for ITSA MTD when we get there.
3rd Mar 2021
(Economic) substance over (legal) form.
Forget the legal owner of the land and property and look at the economic substance of the transaction.
Will benefits accrue to the company through the future use of the expenditure. If yes, capitalise and amortise.
15th Feb 2021
Once a client leaves, their new accountant should deal with their own authorisation in place of your and they 'should' be removed from your list.
I wouldn't provide proof to an ex-client. I'd tell the client to speak to their new accountant or write their own letters to HMRC / to ring HMRC to cancel my authorisation.
27th Jan 2021
I am not aware of what a ‘tile’ or ‘card’ is within the business tax account. Is this simply a link to the usual PAYE, CT and VAT services?
I have tried to add a new service within a client's business tax account (with their Gateway details) relating to CDS but found no options. Even if you try and add an ‘Other service’ then there does not appear to be an option to add CDS.
I have found an option to view C79 and Import statement (for PVA) through https://www.tax.service.gov.uk/customs/payment-records/
You should register through https://www.gov.uk/guidance/get-your-import-vat-and-duty-adjustment-stat...
Hope that helps.
Have others on this forum found a way of adding CDS through the business tax account as noted by the knowledge Jason Croke.
1st Oct 2020
I used CCH at my old firm for 8 years. It's designed for big practices with lots of restricted data and access to certain grades/types of people.
I started my own firm 8 years ago and gave them a ring. Was surprised to find out that 33% of their clients were people like me, who'd used the software in a larger firm, started their own firm (sometimes with no staff) and still use it.
I use Accounts Production and Corporation Tax. I use the HMRC free website for personal tax. I pay £1500 for Account and CT. In the scheme of things it's only a few percent of my practice income. I thing Personal Tax is around another £800.
CCH are professional. Software support works fine. I very rarely phone them and when I do it's not for training, but dealing with faults.
The software requires an installation of SQL database. Initial install deal with all of that automatically. If you need to change servers etc then I think it can be a costly issue for small firms if you cannot deal with it yourself. It's not not like you just backup the database, re-run the install routine on the new computer and restore the data. It's the SQL database being in-between that can get complex.
CCH will help, but they charge nicely for it.
Overall, I'm happy with the software, Ltd Accounts to CT and tagging is not too complex and good integration.
Quarterly updates go through without a glitch. They give good instructions and extensive notes on what has changed. I do not want most of the fixes and improvement. It's certainly a robust piece of 'bigger firm' software.
I'm still a one man band with no staff.
16th Jul 2020
I received two of them.
I turned macro control on on to stop them being run and opened the Excel files.
There was absolutely no data as we would expect within the Excel files in the rows and columns.
I did not review anything else as I expect they would have been some visual basic or macros that wanted to run.
As there was absolutely no data regarding employees reference numbers etc then I am convinced it was a scam if I was not already convinced when I received the strange looking email.
My virus scanner picked the xls / xlsx file up and contained a specific named virus which it quaratined.
16th Jul 2020
I filed CIC accounts through a special Companies House link last week that I found through a Google search as client has posted accounts months ago and had not been received / processed.
No need to upload wet signature of scanned accounts. It's like the usual micro-entity grid on Companies House with more boxed and numbers to file including pasting text into boxes for the CIC34 form (with the £15 fee).
Very quick to use if you have prepared accounts and can copy and paste, especially for the odd CIC that we have to file from.
You cannot file Micro-entity accounts through the new online system. You can only file FULL accounts. You SHOULD file what you prepare i.e. you should not use the new online service to file filletted full accounts when you prepared Micro-entity account .
However, practically you can type in the Balance Sheet, paste some accounting policy notes text and complete the grids for fixed assets, debtors, creditor notes etc.
A link to the new online account filing for CICs is here i.e.