To me, John was AccountingWeb (sorry you guys).
I met him several times and he was always interesting and we never disagreed.
It is a great loss to everybody who knew him.
"In a typical practice that uses timesheets, time costs will be allocated between the clients the firm has based on charge-out rates. This includes the profit you expect to earn (a completely arbitrary mark-up that has nothing to do with the value to the customer)."
Who says that time costs have to include profit?
What is wrong with using employee costs and an allocation for overheads? The accountant who wants to know the profitability of jobs can compare the costs to the revenue. Then they will be doing what most efficient businesses are doing.
I'd be very worried about any loss making business who refused to understand why they are making a loss and insisted they are more interested in doing a good job for the client.
"I wonder how many existing or would be bookkeepers will be put off because of the hassle of having to submit figures under MTD every quarter to a very tight deadline"
I'd be surprised if there are any good bookkeepers who can't keep their bookkeeping less than a month behind.
My answers
"I'd rather like to claim my cats vet bills against my next tax charge."
I've looked all over and I cant see anything that specifically says you cant claim it.
If the purchase price and the mortgage repayments were both treated as deductions I suppose very few disposals would have a gain!
Many solicitors dont tell their clients about submitting a CGT return
"while s38 appears to say that one may deduct x, y and z what it really says is that one may not deduct anything but x, y and z."
it's saying 'you can only deduct x, y and z'
if laws were literally saying what you can't do then each law would be never ending as there is an infinite amount of things that may not be deducted.
To me, John was AccountingWeb (sorry you guys).
I met him several times and he was always interesting and we never disagreed.
It is a great loss to everybody who knew him.
"Every time, I post a blog, at the back of my mind, there is always a nagging question, am I giving too much information to competitors? "
I think most competitors have their own ideas how to do things and dont care about competitors.
Do you need your computer on holiday?
What will you do with your employee if you dont have your office?
She seems very hard working.
"In a typical practice that uses timesheets, time costs will be allocated between the clients the firm has based on charge-out rates. This includes the profit you expect to earn (a completely arbitrary mark-up that has nothing to do with the value to the customer)."
Who says that time costs have to include profit?
What is wrong with using employee costs and an allocation for overheads? The accountant who wants to know the profitability of jobs can compare the costs to the revenue. Then they will be doing what most efficient businesses are doing.
I'd be very worried about any loss making business who refused to understand why they are making a loss and insisted they are more interested in doing a good job for the client.
"I wonder how many existing or would be bookkeepers will be put off because of the hassle of having to submit figures under MTD every quarter to a very tight deadline"
I'd be surprised if there are any good bookkeepers who can't keep their bookkeeping less than a month behind.