Member Since: 10th Apr 2011
30th Jun 2020
Scott Farrell - [email protected]om
Provides very competitive PI cover for all professional firms
24th Jul 2018
Banks charge fees based on a % of value regardless of work involved and solicitors in my experience charge hefty fees for Probate work. I did qualify as FCA many years ago but do not practice now. However I have helped friends and relatives by downloading the forms, gathering details of assets and liabilities and communicating with all concerned including beneficiaries. If more experienced professional help was needed with valuations or specific legal issues etc I just paid for what was needed. The rest of the work was well within most accountants range of skills in my experience.
26th Sep 2017
An alternative approach to owning a £250k general practice doing the type of work you mention is to research practitioners selling or retiring.
I did exactly this albeit many years ago and replaced the senior partner on a mutually sensible financial arrangement and within 2 years replaced the remaining ageing partner (looking to retire) by teaming up with a sole practitioner looking to expand.
My share of profits was immediately more than the city firm I left and the buyouts were easily financed out of ongoing profits.
I effectively had a ready made office, staff and client base and a firm with a good local reputation that facilitated expansion.
The type of work we did was exactly as you describe and I was able to substantially improve the firms processes and profits.
16th Jun 2017
I have worked remotely for many years for a handful of clients. Remote in the sense that I choose to live by the sea and my clients are a minimum of 2-3 hours travel away, also for 3 winter months I live in the Caribbean.
The services I provide are a mixture of monthly reporting, and basic accounting and tax and regulatory filing plus relevant advice by email or phone (WhatsApp is best).
I agree and bill a fixed monthly fee.
This mostly works because my clients all use computer based systems that I can log into remotely and which i have relevant experience in using. Plus most of my financial summaries are Excel based using downloaded data.
Even the 4 hour time difference in the Caribbean is not a problem.
I didn't plan to work this way it just grew out of the fact that most of my work was computer and internet based and client visits became largely redundant by mutual consent and it suited my chosen lifestyle as an ageing accountant.
If you can mimic any of this it will be very liberating for you. Good luck and I wish you every success.
11th Aug 2016
I have had a Dell Inspiron 5050 for 5 years (cost then £449) and recently bought a new battery for £23.90. Brilliant never had any problems here or abroad or on planes or trains.
I still run Windows 7 and Office 2003 - if it ain't broke don't fix it! Upgrades always produce problems.
10th Apr 2015
Sounds a reasonable request from client's viewpoint, however to protect your interests, which you should explain to the client you could as already suggested find the client an alternative, perhaps a local solicitor would like a prospective new client!
24th Apr 2014
Yes I have just seen yesterdays AWEB Bulletin
38Degrees did not mention that the data is to be anonymised, however as others have said how reliable are the HMRC anonymising processes going to be.
If anyone feels strongly that this data should not be made available then 38 Degrees have been successful at blocking other nonsensical issues and anyone can add their names to the petition I have mentioned above.
21st Mar 2014
What a waste of time and money
So the new coin is to prevent counterfeiters, who in one sense on a minor scale are doing far less harm than quantitative easing, so is it really worth the cost and inconvenience of the new coin??
18th Mar 2014
My experience was as follows
I am involved with 2 companies both registered for Annual Scheme but only received the email for one company.
The link in the email was to http://www.hmrc.gov.uk/getready/, which is a valid page on hmrc website - see below.
When I spoke to 0300 200 3401(Payment Enquiry Line) this morning and said why was this reminder sent when the company is registered as filing ONE annual EPS she said she had no idea that any emails were being sent out and agreed that we could ignore it.
Get ready to operate PAYE in real time
Most employers should now be reporting PAYE information to HM Revenue & Customs (HMRC) in real time. However, employers who operate certain types of PAYE scheme will begin from April 2014.
This applies to you if:
· you've been notified that you should begin filing your PAYE electronically in real time from April 2014 or
· you're entitled to file PAYE in real time using paper format from April 2014 but would like to file electronically
The following links will take you to guidance that will tell you what you need to do to get ready:
Preparing to operate PAYE in real timeWhat's changed - PAYE in real timeSoftware packages and other payroll optionsUsing HMRC's Basic PAYE toolsFirst report - checking your payroll records match with HMRC's
18th Mar 2014
My recent experience is as follows 2 Companies both less than 3 employees. Salary limited to tax free allowance. Dividends for additional income. Registered for Annual Scheme still possible prior to 05/04/2014 provided there have been no submissions of EPS. Director's current accounts already in credit by far more than any 'drawings' during current year. EPS will be sent prior to 05/04/2014 for current year salary. You can register annual scheme by phoning 0300 200 3401 'Payment Enquiry line' - surprisingly helpful and prompt reply to phone call (ie not the usual ages hanging on) although you do have to use their automated question and answer routine and need to have tax refs and other company info ready to read out. Hope this is helpful!