Member Since: 20th Sep 1998
Stephen established his general accountancy practice in 1986 to help individuals and small businesses become more successful. Stephen is an Independent Certified Practising Accountant and Fellow member of The ICPA and member of the IAB. He was a TAS Software accounting partner and used TAS Software since 1995. In 2012 he became a Xero Certified Advisor with the strong belief that Xero Accounting software was changing the way accountants interact with businesses. Never looked back.
A visit to an Accountants' Exhibition in London's City area back in the 90's Stephen discovered a young Sift company promoting a new website called AccountingWeb. Since then he has been a regular subscriber.
30th Mar 2016
We've used Iris Openspace for a few years now and its free. Each year we get more clients to approve returns and accounts using it. Now up to about 75%. Saves postage and hassle. Once approved all returns are submitted online using our TaxCalc software including accounts to Companies House. They accept the online submission with no signature on the balance sheet so why worry if it's not physically there [@john_griffey] when we have the e-approval certificate.
22nd Mar 2016
I've been using Credit Safe for a few years now for their electronic AML ID verifications. According to their website they have international options so I would call them and discuss your requirements and they'll give you a demo. I have found them very flexible as I don't have to do many checks each year so every year when it's time for renewal I manage to pull off another cheaper deal with them. Currently I'm on 50 AML checks for £100 (ex vat). That's £2 a check with 20 company checks thrown in for free. Seems reasonable to me.
4th Mar 2016
#Tim. In the annual users survey last year we were asked about our interest in several future developments. One of them was a cloud based version of TaxCalc. Whilst it shows that the TaxCalc development team are considering it (and I hope they do) it doesn't mean it will happen. If anyone can put any meat on this bone I too would love to know.
3rd Mar 2016
We Use TaxCalc
I have just posted about TaxCalc on another question about accounts production which you can see here.
See all the prices on their web site and there are deals for smaller practices if you don't need unlimited tax returns.
3rd Mar 2016
We Use TaxCalc
I have used TaxCalc for 3 complete years both for tax returns and accounts production. Have found it more aligned to the small practitioner and far less expensive than Digita that I used previously for some 15 years. Their prices are quoted on their web site and if you are a member of the ICPA you can claim 2 optional extra features for free. When opening a client in AP you currently have the following formats on which to base your accounts:
OLD UK GAAP
FRSSE (2008)FRSSE (2015Micro entitiesSimplified small entities (Non FRSSE)Small company full Provisions
NEW UK GAAP
FRS 102 (Small)
Therefore you can adopt FRS102 early for accounting periods commencing on or after 1 January 2015 should you so desire.
TaxCalc continue to upgrade ahead of the curve and are responsive to feedback. I am glad I made the switch. Why don't you go to Accountex at ExCel in London on 11 & 12 May and meet all the software suppliers yourself. Have some demos, ask questions and try before you buy.
18th Feb 2016
We always submit completed SARs with a test submission before we give to the client. It would fail validation so it can be corrected first. In fact with TaxCalc it flags up the error on the fly before we even get to the test submission.
18th Feb 2016
It's not just the money
Although you are getting paid on time the amount of stress and bad feeling this client is causing you is not worth the hassle. You are spending valuable time worrying about their self generated problems. Instead of allowing you to help them they are phasing you out to do it all themselves, Get rid now. You'll feel so much better for it.
14th Jan 2016
VAT, just a thought
Where the client is vat registered accruals are always treated net of vat. Where the client is not vat registered the accruals will be treated gross. A complication arises where the client is vat registered but using the flat rate scheme in which cases accruals will be treated gross. We don't know the vat status of the OP's client but given the size of the discrepancy could the treatment of vat be the reason?
16th Dec 2015
The Subscriber / Partner Relationship
Quote: "If I let the client pay the provider directly, they are not then included in my client list and therefore I do not build up the benefits associated with referring clients."
I can only comment as a Xero partner. Where the client is the subscriber, so long as they invite you in as "Financial Advisor" the client will appear in your client list and will count towards your total clients for the benefits you mention.
4th Nov 2015
When is an SA302 not an SA302?
Had two sole trader clients remortgaging last week and both asked for SA302s. Both had been provided with our tax comps we had prepared of which the first page is entitled SA302 by our tax software. When our clients forwarded these to the lenders both were rejected as not "official" documents.
We had to explain to the clients that HMRC cannot provided these where commercial tax software is used but gave them the link to the Gov.uk website that explains that our SA302 are acceptable evidence. We encouraged our clients to show this to the lenders and failing that change lenders to one who works in the 21st century. Since then our SA302s have been accepted.