Member Since: 20th May 2006
6th May 2020
The difference with all those professionals you list is that you are the only one with an ongoing relationship with the client that gets a recurring fee, the others are one-off transactions.
Whether you charge or not depends partly on how happy your general level of fees are, the relationship with that client, and the amount of time it will take to do the task.
27th Apr 2020
I have a vaguely similar issue with 1 client company where an RTI submission wasn't able to be submitted on time, beyond our control, they therefore missed the 19th March cut-off by a few days.
I spoke with HMRC regarding this on Monday 20th April when the portal went live, they escalated the technical issue, promised a call back within 48 hours. I have just received a phone call now, 7 days later, informing me that they didn't realise just how many technical issues they'd be dealing with and that someone "should call me later this week". Her job was simple to apologise to us, poor lady.
So, there's still some hope that HMRC will deal with any exceptional cases, however don't expect it to be resolved quickly, and if your client is reliant upon that money then they could be in a spot of short-term bother.
22nd Apr 2020
Just checked it again this morning, and still seems to be working for me.
20th Apr 2020
I’m guessing that it wasn’t intentional by HMRC to allow access, so I’d use it quickly if I were you before they realise and rectify it.
20th Apr 2020
If a client asked me at some stage over the next 2 months if I had submitted their claim then I would feel very uncomfortable saying "nah, I thought I'd wait a bit until it all died down, your cashflow looks okay to me".
20th Apr 2020
I spent quite a bit of time over the weekend preparing a very detailed spreadsheet with most of the figures and calculations, and I've submitted the best part of 30 claims today, with 1 final 20 employee claim to submit tomorrow. Not to mention the continuing hours of research and support that has been undertaken to date.
I won't be charging clients anything, it just wouldn't feel right sending them an invoice in these times. All the free work done in the last few weeks (which has been a huge amount) has done nothing for my own cashflow and financial position, but at least as accountants we have recurring future work to rely upon, which is something many of our clients don't enjoy. I anticipate that over 95% of our clients will survive, luckily we don't focus on retail , leisure or industry.
I see it as an investment in our ongoing and future client relationship, it cements what is hopefully a good existing relationship, plus it means that I don't have to worry about buying the round of drinks or paying for a meal the next time I meet them !
20th Apr 2020
We'll obviously have to await the full details but I'm assuming that HMRC will be pretty much automatically calculating the figures as of course they already have them, but there has to be some mechanism whereby the self-employed person approves the figure/application online and provides their bank details. A bit like the business rates grants process. Whether, as agents, we have any involvement remains to be seen.
8th Apr 2020
I haven’t used either package but surely if you’re very happy with Taxcalc then why change for the sake of what is (in the scheme of things) a small cost saving. The time spent even researching this, entering all data into a new package, getting used to it, undoubtedly getting annoyed with the unfamiliar software, will cost you far more in lost and unproductive time for what is probably a short-term cash flow period.
Presumably the £10k grant you’ll be receiving will more than cover your office overheads for a decent period of time?
Stick with what you’re happy with, you’ll get through this.
22nd Jan 2020
I agree. If it’s one or the other then definitely Accountex, been going to that for years, it’s bigger and free for a start (although almost too busy and noisy for my liking).
Will be interesting with the AccountingWEB exhibition thrown in now.
22nd Jan 2020
I went last year. On the whole I would say it was a pretty decent event. There were a few fairly high profile key speakers, which is all very interesting and motivational, and then there were some speakers who were a little bit more technical, and then the usual mix of wellbeing and cloud accounting specific ones. It’s very much a slightly smaller Accountex but with QuickBooks sponsorship. There were a few happy clappy cultish moments, but nothing quite on the Xero scale of things.
If you use QuickBooks then it’s all pretty relevant in that the key third party app companies are there, and you get to find out the ones that people are raving about. Go on the practitioner day primarily, the 2nd day probably won’t be so beneficial as you’d most likely seen the key exhibitors that you really wanted to see, although that makes for a very long 1 day.
For me it’s a couple of days away from the office which helps to make me plan and think about things, which I simply don’t get round to doing otherwise.
At the end of it you’ll also get that feel good feeling of leaving the London mayhem behind you.
I’ll probably go again this year.