Member Since: 18th Jun 2009
16th Oct 2020
The code for all of us in lockdown was 200M
16th Oct 2020
If we are talking arithmetic here, why doesn't the sales figure in the profit and loss account appear with a minus, in brackets or whatever? After all it is a credit, which is arithmetically a minus. If that happened then all profit figures would also have a minus in front of them. Try explaining that to clients. So we accountants just ditch the minuses for presentational purposes, when needed.
15th Oct 2020
I use Taxfiler for accounts and tax returns. Previously used VT for accounts and TaxCalc for the tax returns. Taxfiler does both and is cheaper. No problem with VT and TaxCalc though, except they aren't integrated with each other, like Taxfiler.
10th Sep 2020
I am sitting here looking at the agreement I signed with Liberty Accounts dated 6th October 2004. This was the first cloud based accounting system, as far as I know, and it includes an integrated payroll. I still use the whole system for all of my clients today. I don't think Kashflow was around back then and I certainly wasn't the first user of Liberty Accounts. Not knocking Kashflow itself and good luck with Staffology.
3rd Aug 2020
With the new requirement about state aid, every client needed to submit an EPS in the new the tax year to claim EA, whereas in previous years the EA claim was rolled over each year from the first EPS ever submitted.
So we submitted an EPS for all clients as part of the start up of the new tax year. Also, the HMRC guidance on CJRS claims states that the NI claim has to be adjusted for EA. There is nothing I could find that says, "unless you have delayed claiming". In any case how do you delay a claim once submitted?
24th Apr 2020
I am concerned about trades that provide emergency services like plumbers and electricians. If they are self employed they get a grant that covers three months profit, so that will help. If they are employed by their own limited company, they can't furlough themselves or apply for Universal Credit, so zilch received when most of their turnover has gone.
I also think the small business grant of £10000 was a blunt and generous instrument. These businesses typically pay £1000 per month in rent and maybe some equipment leases, lets say £500 per month, so the grant will cover 6 months. And as they are closed they can furlough all staff including themselves.
The contrast in the support for the three groups above is astonishing.
27th Jun 2019
www.capsa.co.uk is my website and there is a video of sorts there. It was created by my website developer to much fanfare. No one has ever commented on it and I don't actually like it that much. As I am well on the way to retirement and not taking on new clients, I have not bothered to get it changed. I believe it was created on Youtube and all my website does is link to it.
25th Jun 2019
I did this once for a client with some buy to let properties and I won't be doing it again, for the same reasons as others have posted. I wonder now how they coped with the change in allowable interest over the last few years? Their records needed work when I took them over and did the bookkeeping. I suspect they just reverted to what they were doing previously. Ho hum!
7th May 2019
I have had this too and was being asked to fax over some information along with a 64-8 or they wouldn't speak to me. I provided the information and insisted the online approval was enough. I was then emailed to say it wasn't, so in my response I quoted their own text back at them as quoted by the OP. I got a very grudging acceptance, "on this occasion only". It is ridiculous that they act like this and I have only ever come across it this once with VAT.
2nd May 2019
I use Liberty Accounts for charities. I know that is not the OPs question, but it has been developed specifically for the sector and should be looked at as well as the big players.