Member Since: 5th Apr 2019
22nd Apr 2021
They cant put up taxes as the manifesto said no to that. But they need more revenue.
Well transfer responsibility to taxpayers so we can have an ever increasing penalty revenue stream. And as the smaller tax payer normally does not have a clue its guaranteed annuity income.
Yes I am a cynic.
13th Apr 2021
In a previous jurisdiction where I was a member of a professional accounting body we had to declare each year we were proper and fit persons which the definition being no fraud conviction or any conviction of a serious nature (I cannot recall which as it was a list of offences. Included Court imposed tax censures) Past convictions would still make you an unfit or not proper person for the purposes of being registered.
Harsh? Yes but it ensured squeeky clean reputations.
7th Apr 2021
I thought these loan schemes were killed of by HMRC. Change in legislation and many Court cases supporting HMRC.
7th Apr 2021
Employment avoidance is something that was on the cards many years ago when "workers rights" became so onerous everyone tries to not employ people.
The moment I could I sold my business and am happy being on my own. I call in bookkeepers who are self-employed if I need work done that I cannot or will not do.
I think contractors are having their freedoms taken away. They cannot be employees with all the "workers rights" but neither can they be self employed to work as they wish. Full or PT, flexi or take 6 weeks holidays.
6th Apr 2021
I read the article as to tools you can use to help you.
Once I ended up with a psychologist. Took 1 year to get over it all but almost from day one she gave various tools to help cope. Not the solution but tools. There is no "solution" just a long working through it.
No publishing is like saying "lets sweep it under the carpet". The woke culture is so annoying.
6th Apr 2021
I fired a client and boy did I feel good even though as a big client I took a financial knock.
23rd Mar 2021
I like that idea. Well not in France with Macron dishing astrazenica and a 3rd wave but you know what I mean.
Will be spending more time in better climates but will have some face-to-face meetings.
12th Mar 2021
Having lived in a jurisdiction both of GST and VAT, GST was simpler but so open to fraud that a change was mooted to VAT which in theory was less able to be "crooked".
It was the UK IR (At the time) who introduced it into that country. The word amongst accountants was that the biggest secret UK IR and the loacl tax authorities had with VAT was the GP% per industry. That could pick out VAT manipulation. Examples were discussed and yes much more difficult but not impossible.
I leave it to experts to decide what is best for tax or the economy.
22nd Feb 2021
I admit. Reading the article I just read work, work, work, fixing clients errors weekly/monthly, trying to invoice this time and I got very, very tired.
11th Jan 2021
A pod seen as a building at 3%?
A wooden shed is not going to last 30 years. I do not see it as a building, especially as not permanent (its capable of being dismantled and moved). I suppose if it has plumbing and is build as accommodation (most sheds may not legally be used as accommodation) one could argue but most are just wired for electricity (wifi for broadband).
Councils do not see it as requiring planning permissions as not permanent. The only rule in my area is it must be below 2.3m in max height. Office use is allowed without planning or rates subject to own use not public.
Dual use obviously raises tax issues if claiming it as a business expense.
With WFH becoming big there has to be some flexibility and clarity.