Member Since: 9th Mar 2010
2nd Jul 2021
Dunno what the problem is!
Just need HMRC to get their act together. They've got 20 years to sort this mess out at their leisure.
£27 billion fraud.
£27 billion penalties.
£351 million interest (£27 billion x 2.6% x 10 years average)
= almost £54.5 billion and a bit to collect.
Don't worry! Be happy!
4th Mar 2014
What's a PITA
Thought it was some type of middle eastern flatbread.
Yes, what's a PITA?
On a serious note, I used to be very clear in telling departing clients etc. what I thought of them. Then one day a friend told me always to part company with someone on a happy note, never upsetting them, no matter how obnoxious they are.
So now, when I get rid, I always do it in the friendliest way possible. For example, "Sorry cannot act for you because we no longer have the skills/staffing to deal with the complexity and peculiarities etc. of your accounts."
That way we all remain friends with no worries of a brick through the window etc. (It's amazing how nowadays people want to seek revenge when they feel they've been wronged).
That way the ex-client goes his merry way scratching his head wondering what that was all about.
29th Oct 2013
DON'T TAKE ON UNPROFITABLE AND RISKY CLIENTS
For the first time in my working life I am now in a position to take or leave clients. Some clients are just not worth the bother. I have just taken on a new client but when sitting with her said that at £125 plus vat her previous accountant was not ripping her off for SA Return plus simple property rental account. Going forward I reckon I will be able to do the job in half a day for £125 so it is probably worth keeping. However, I have taken on a big new trust client. The trust was being charged £1, 500 to £3,000 pa recently (with 10 year IHT charge issues) and I have quoted £1,000 believing I could undercut. But there is more to this job than meets the eye. I was led to believe it was a straightforward job but there are historic issues which need to be resolved. To cut the story short, what appeared to be a lucrative job is turning into a time-consuming drag. So the £1,000 I quoted may turn out to be far too little for the work involved and there may be some technical traps to overcome. When taking on new clients the moral is ensure you quote enough to cover the work involved. Some low fee jobs take forever to finish whereas others can be done in no time. If you are in a position to be selective don't touch garbage. A prospective SA client telephoned my around 20th January wanting me to do his SA Return for £100. When asked about his record-keeping he said his son had split some juice on his paperwork. I told him not to worry, I'd seen far worse. He then said his papers had turned into paper mache and I'd be able to "dream up some figures". DO NOT TOUCH THIS SORT OF CLIENT UNDER ANY CIRCUMSTANCE. THEY ARE DANGEROUS, SLOW PAYING TROUBLEMAKERS WHO WILL GET YOU INTO TROUBLE.
24th Apr 2013
What was free will now cost
I have free calls from by BT landline to 01, 02 and 0845 numbers. So now I will have to pay. As Forrest Gump once said (concerning HMRC) "Stupid is as Stupid does"!!!