Member Since: 7th Nov 2011
3rd Jul 2020
Went back to work as work was picking up... haven't had any of our clients have to lay anyone off yet, but I think it's early days yet...!
2nd Jul 2020
You can copy and past TBs from Excel into Taxfiler. It's now part of Iris but they support people are still very nice... at the moment.
2nd Jul 2020
Thank you again everyone here - it's so nice to know that I have drawn the same conclusions, when there is lack of guidance, as everyone else. It's very reassuring.
I will be telling most directors they can't do it. I have some other clients that are staying on fully for obvious reasons (youth club, swim school). After I explained that staff were still accruing holiday, that the employer would have to honour, most came off of the scheme in May...!
24th Apr 2020
tanyajackson - we're with you. We've been there updating clients within a hour of the announcements, listening to their problems and helping any way we can. We've also updated the local area on social media for non-clients. The appreciation from our clients has on the whole been huge, they know we have their back, and they know it's not all about the bucks for us. And as far as not being valued if you don't charge - that is the opposite of my experience. One of my gruffest clients who I've had for years, who is the least sentimental person I know, told me he wouldn't have coped without us. That meant so much to us, and from a business perspective I don't think he will be changing accountants for a long time.
And you're right - with no control over the rest of our lives, it feels good to help where we can.
24th Apr 2020
Exactly our position. :-)
22nd Apr 2020
I agree about the claims- I had very low expectations but for once I think the HMRC have done incredibly well and I found it very easy to follow. Although looking at other threads on here lots of people seem to have not quite grasped it...!
22nd Apr 2020
I've reviewed all of our payrolls and have no-one who's variable pay in the same month last year is bigger than their average over the last 12 months / period they were employed - so for us May and June will be exactly the same as April, unless any of them come off of furlough (and I don't see that happening in May). So I'm hoping the thorough work we have done so far will pay off, and we are over the worst!
21st Apr 2020
We have decided to charge a "token fee" for the work but have made it absolutely clear that it only covers about 5% of the work we have had to do. We are submitting approx. 20 claims, and I have completed all of the work as most of my team are furloughed, but coming back now. It's a tough one but we have decided to do this, then not reduce our other fees. I have said that future claims at least until June will not have an additional charge as most businesses have furloughed everyone so the payroll will be quicker than usual.
The goodwill we have received back from our clients for this, and for the other support provided, will I think be worth my extra time. Never mind the fallout I would have to deal with if they did it themselves and screwed it up :-)
8th Apr 2020
All subcontractors should create invoices to their customers - always. Subcontractors who don't create their own paperwork and are paid on an hourly basis once a week or once a month can be easily mistaken for employees.
Get "him" to create invoices from now on. If he claims for the CIS without statements on his tax return and there is not enough contractor payments it will be rejected. If he doesn't have the CIS statements or his invoices to prove the contractor withheld 20% then did not pay it over, they will find on the side of the contractor, and he has just thrown away 20% of his income.
Accountants may seem expensive, but they do actually save you a lot of this heartache, and a lot of money.
1st Apr 2020
They should have written to their staff telling them that they are furloughed, and at what rate - 80% or 100%. You put whatever has been agreed through the payroll, using the amounts you will be able to reclaim, based on the rules published by the HMRC. You then just put through the reclaim when the portal is open. You are not allowed to pay them less than you reclaim. You shouldn't put more through the payroll than they will be paid.