This is so weird. I have been using MYOB Accounting Plus for several years but had to load it into a virtual drive when later Windows updates appeared: it will not work with Windows 10 for example.
Unfortunately, the virtual drive I was using has developed a (known) bug which the developers [Virtual Box] will not fix. So now I am unable to access MYOB but as I said, it was working as at February 2018 which is why I thought this thread is weird.
If anyone has any suggestions as to how I can make MYOB work with Windows 10, I am all ears.
"Free MTD Software" = "Fated Wet Reforms" (you read it here first);
or since it will be digital and no paper
"Free MTD Software" = "Few Forms Treated" (that's the idea anyway).
Oh! And "Donald Trump" = "Damp Old Runt".
Sorry, couldn't resist it.
Portia Nina Levin wrote:
Why the fudging hell are people digging up all this old ship?
It's called 'being helpful'.
Interesting. I have a similar situation but in reverse.
After several years of acting for a client, he decided to use another accountant. An unqualified accountant, I might add. Such is life, that's the way it goes.
Today, the ex-client wrote and asked me to complete an accountant's certificate in respect of the last 2 years that he was my client.
My first thought was that it would be no skin off my nose to help the chap out, after all, he always paid my bills quickly and never caused me any issues.
And then I got to thinking, hang on a mo, he has a new accountant who has these figures anyway, because I passed them on when the change was effected, so the client should be asking him.
The bank is Santander and I am wondering if they will not accept a certificate from an unqualified accountant.
Another part of me says, you changed mister, live with the consequences.
I also wonder whether I need to send out a new engagement letter. It does seem an awful lot of trouble to go to but I am no longer acting for him.
It's worth pointing out that the client was sent copies of his tax returns and accounts every year. All he has to do is pass them on.
The scenario is ...
the client has misplaced the company accounts. Now there's a novelty. It never ceases to amaze me how often clients "lose" their accounts and tax returns.
My solution would be to tell the client that due to his lack of caring, it will be necessary to 'redo' the previous year's accounts (in draft), for which he will have to pay (again) and that should get you to close to what was filed.
The problem is the client's and you have the solution.
I solved that problem ages ago.
About 10 years ago I added a paragraph to my annual letter for information to complete tax returns.
Basically, it says that if I do not receive all their paperwork by the end of September, I will automatically impose a £100 surcharge.
It certainly concentrated a few people's minds and those that did not take heed paid me an extra 100 quid. Consequently I rarely receive 'late' paperwork now.
I have just received an email purporting to be from HMRC addressed to 'Dear Simon'.
That's a first. Never, ever has HMRC written to me before like that.
Then I looked at the email links within their message and when the words 'secret', 'emailRobot' and 'click' appeared as part of said addresses, I became even more suspicious.
Even the 'unsubscribe' address contains 'emailRobot' and 'secret'.
If it's real then too bad 'cos I've just junked it.
All well and good but . . .
. . . what about any cash income? That will not show up on bank statements if it hasn't been banked. Has the client ALWAYS been paid by cheque or bank transfer? That would at least show a pattern should HMRC come calling.
If cash has EVER been received for work done/sales, then any inspector (or whatever they call themselves these days) worth his salt is going to add on a figure just for the sheer hell of it and let you and the client argue it down.
With the above in mind, my advice to clients is to always bank any cash and draw it out as necessary, so that there is a paper trail.
Many, many, many years ago [another century] a colleague within our business group asked if I would do his company's accounts (a well-known franchise).
I had no reason to believe that he was in trouble but upon completion, when I pointed out that the company was insolvent, he wound it up and I never got paid.
That was a lesson learned the hard way. After that, my engagement letter for companies has always stated that the directors will be personally liable for my fees should the company be unable to pay. And all directors have to agree and sign or I decline the engagement. Simples!
Since there has been no Determination nor tax paid, claiming Special Relief would not apply.
However, and this is just a thought, what if the taxpayer actually now pays the tax bill. Can he not then immediately claim Overpayment Relief and get it back?