Member Since: 5th Aug 2011
29th Jun 2021
I once had a client in the same position as Lee and we were having constant discussions about whether IR35 should be applied. In the end the client did not like my advice that he should be applying IR35 on the basis as outlined in the case and found a Consultancy that took his money and concluded on the basis of MOO producing several pages of gumph 2 of which involved them not taking responsibility for their advice; his contracts did not go over 24 months (it is my belief if they do then MOO would be difficult to argue).
Personally I think IR35 should be scrapped and instead director / shareholders should be required to pay themselves at least minimum wage through payroll and then a suitable dividend tax for dividends (on the first £50k) paid out of Closely Controlled companies as at present. This should neutralise the decision whether to be employed or go self employed from a tax point of view.
10th Oct 2019
Having been a big user of the Desk Top Payroll over the past 15 years and having come from a wide back ground of software use (over 40 years) I have always concluded that Quick Books Desk Top including the payroll is one of the finest software products I have ever seen. The Online Quick Books is no where near the standard of the Desk Top although it wins out with other aspects and new payroll is well specified.
I am absolutely incredulous as to how the powers that be at Quick Books can have arrived at this decision. As one of my clients who has a 6 user Quick Books Desk Top system stated: 'We are not pleased with this decision we shall be looking to move software supplier' - they are not interested in the Online Version.
10th Aug 2018
I totally agree with this article and never have emails going to the phone. I also set my Outlook email download to 1 hour to avoid being distracted during the working day.
Another trick is to make sure you unsubscribe to unwanted email that keeps coming through.
28th Jun 2018
I think I must be the same age as Simon and started just after Quill pens went out of fashion. Then and now one needs to quality check the calculations and output along with making sure the presentation is adequate. It is also easy to get lazy with modern tech e.g. 10% of functionality commonly used - I find a spell looking at functions quite often reveals some surprises.
There is also the current problem of over reliance on excel when safer software is available e.g. using Excel to budget when Sage 50 Forecasting may be a better choice. I could go on - a 'Best Practice' guidance would be welcome. I never use Excel for company accounts or tax work as the risk of a mistake in Excel is too high.
8th Feb 2018
As a practising accountant I would have to say why would you want to do this when there are plenty of online accounting packages and add on apps that are more than adequate for any business.
We have enough to do keeping up with accounting standards and tax legislation.
22nd Nov 2017
Remember the old computer saying 'Rubbish in Rubbish Out' even when we have advanced systems like these. Small businesses still need professionals to ensure they have the correct information to use.
18th Oct 2017
It is a shame that those who provide for their old age; build businesses; have private medical care and hence are giving to the country - are continuously plundered. Would it not be far better to reduce government expenditure e.g. Foreign Aid, HS2, failed IT projects etc etc rather than tapping into pensions and businesses. I would agree with all the points in the article.
29th Aug 2017
I have found that providing you supply a good service to your client, they will stay with you. I tend to try and make systems as efficient and convenient as possible and to give back better quality advice for the same price. Taking advantage of more automation is key e.g. using online products. I do not agree with using sub-contract companies who farm work out to India etc even though it would cost me £11 an hour. Neither do I under quote and then try to up the ante as the relationship develops.
Flaky customers who are continually shopping around - well let them go.
Roy Price FCCA
22nd Mar 2017
I have completed a detailed review using the Gov publication: Off-payroll working in the public sector - information for agents.
In their worked example I cannot see how they have arrived at the PAYE figure of £1458 and primary class 1 £413.00 based on a net contract fee of £6000.
I am also at a loss to understand how the net amount can then be paid out without further taxation either as a salary or dividend. How does the contractor get his free pay relieved and if he is liable to higher rates of tax how does that work?
I would be interested if any one else has a solution or is similarly confused.
Roy Price FCCA
24th Nov 2016
There is no such thing as something for nothing. No doubt anything free will come with advertising or will extract marketing intelligence that it will sell on.
I use Google Maps app on my phone as a Sat Nav, it is sophisticated, kept up to date and works - above all it is Free.
So it is not beyond the realm that there will be free apps.
In my experience business people need assistance with their finances as they want to get on running their business.