Member Since: 31st Mar 2009
30+years experience in practice and a little bit here n there on the dark-side.
7th Nov 2018
QBO does now have CIS. Not yet used it but it's definitely there
21st Sep 2018
If it's anything like the mortgage adviser one of my clients is currently (ab)using, they don't even phone the client. Everything done by email/text.
Then, via chinese whispers, they expect the client to pass on the correct details of what the lender requires 'this time' . This while knowing full well the client hasn't as much of a clue about *quantum mechanics as they do accounts and mortgages.
I don't know how these people ever get a mortgage for their clients and how they consider this an equitable way to operate!
* obviously one of our much efteemed colleagues on AWeb will have a quantum physicist but just swap quantum mechanics for ballet
30th Aug 2018
AIUI you are forced (insofaras the various institute handbooks indicate) to handover data backups where you have processed original docs onto accounting software but your working papers are yours. So, bizarrely you can legitimately hold lien over original docs but not the live data!
We'd make sure they paid for our time in full plus the expected time to deal with the transfer before sending the original info we received and no more.
Just out of curiosity, and on a slight tangent, was there signed consent to release information from the client with the PTR?
You'd think that would be a given with the advent of GDPR and sent out by an business that's just had to implement its requirements wouldn't you...but we've had to go back to someone today who argued on the phone that it was unnecessary!
If there wasn't consent, we'd send nowt in the current climate.
19th Mar 2018
Password and user combination not known for us too - are HMRC after some late CIS300 penalties, do you think?
2nd Dec 2017
A loan account - represents capital introduced (over time) repayable at some future date or money taken that results in an overdrawn position (with any associated tax consequences). One ought to expect them to be classified as creditors/debtors due over one year.
A current account is used for the day to day transactions using the directors own funds for business purposes or pocketing of company funds (such as cash sales). The balance is often transferred to the loan account at the end of an accounting period. These will ordinarily be creditors/debtors due within one year, if not transferred.
Depends on the client and how good they are at managing the company/personal money as to whether this is of any relevance. HMRC have been known to nit-pick over director accounts and the separation does help occasionally.
1st Dec 2017
A: attach pdf to the CT600
This is despite being told several times by HMRC operatives that it would be rejected and iXBRL was mandatory.
On Wednesday, I had a return call from someone at HMRC (on a different issue) who knew his ar$e from his elbow and he was able to supply the correct answer to both. He also pointed out that he was unable to trace anything on the internet that might indicate this when asked the question recently!
23rd Nov 2017
Many users hadn't updated to the Creators Edition (v 1703) and the Autumn edition (v 1709) is now out in the wild.
Both are big, proper updates and will need to be done in sequence by the Windows Update program or it has a cry.
In between those, there are some minor housekeeping security updates that must be done before installing 1709 (apparently).
You should be aware that MS has indicated that every year, around March and 'Fall', there will be major updates ongoing. This, as mentioned elsewhere, replaces the Windows 11, 12, etc. At some stage, you will just see Windows with no number at all.
If you want to know which Windows 10 you are running, look at All Settings-->System-->About.
The most recent for normal people is Verson 1709 OS Build 16299.64 (unless you are an alpha or beta tester, you are 'normal')
17th Oct 2017
Bookkeepers are few and far between. I've tried a few locals for various clients and found every one of them to be a data entry clerk masquerading under the grander title. Furthermore, most lack the ability to identify simple issues, such as long outstanding invoices!
I try to explain to clients the difference between the two lies in looking at whatever they end up with and checking it through. It is that extra bit of work which makes them worthwhile.
I've ended up with most being dealt with in house. The one really good bookkeeper doesn't want any more work as she's over 65! I'd employ 10 of her any day over the rest
3rd Oct 2017
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