Thank you again Jason for your insightful posts with regards to VAT. You are a credit to this forum. These sort of posts should be stickied somehow if that is even possible on here.
Better late than never. Hopefully it will allow for companies to be struck off or fake directors removed if they cannot provide verification of details.
Much much overdue. There is some truth that a lot of recent registrations are fraudulent. Part of the problem is the lack of verification, which will hopefully reduce this with the new bill.
Another part not addressed is the small price to register a company with companies house. In other established countries it costs a equivalent of a few hundred pounds or euros to register. They really need to raise the price and I do not think a higher price will put off legitimate business and entrepreneurship.
There needs to be a balance struck between public information on directors and subscribers and expectation of privacy. E.g I do not believe even partial date of birth should be shown. There was a very recent EU ruling in the last month prioritising privacy of owners of EU companies, and some countries have started to make this information private already. We will see if the UK is looking into doing something similar:
Whatever happens the UK would be better off if the prime minister and her husband leaves quietly through the back door, and zip wired to another country, never to be seen again.
I really would question what his CPD has been like over the last decade or two. The clear disregard to client accounts, and not having clients accounts being FRS complaint, for someone as experienced as him - looks like a very lax attitude to keeping up-to-date with current processes.
His clients have obviously suffered, and agree on other posts, maybe he should have retired a while ago. Unfortuantely this is the danger of being a sole practitioner - no one else in the business who can provide some frank advice to pack it all in!
Accountancy is still a great profession (even with mtd...). The flexibility is great that you can go into the business without the need to goto university.
There is still an obsession (especially since championed by Tony Blair) that you must goto University to succeed in life. Which is not true - go into accounting as a school leaver or after a-levels, and you can be a qualified accountant by your early 20s, and be set for life with little to no debt. Surely that must seem like an attractive proposition for many people at secondary school?
My answers
Thank you again Jason for your insightful posts with regards to VAT. You are a credit to this forum. These sort of posts should be stickied somehow if that is even possible on here.
Better late than never. Hopefully it will allow for companies to be struck off or fake directors removed if they cannot provide verification of details.
I am shocked at John’s sudden passing, echoing the thoughts of many. Condolences to his family and friends.
Much much overdue. There is some truth that a lot of recent registrations are fraudulent. Part of the problem is the lack of verification, which will hopefully reduce this with the new bill.
Another part not addressed is the small price to register a company with companies house. In other established countries it costs a equivalent of a few hundred pounds or euros to register. They really need to raise the price and I do not think a higher price will put off legitimate business and entrepreneurship.
There needs to be a balance struck between public information on directors and subscribers and expectation of privacy. E.g I do not believe even partial date of birth should be shown. There was a very recent EU ruling in the last month prioritising privacy of owners of EU companies, and some countries have started to make this information private already. We will see if the UK is looking into doing something similar:
https://www.mirror.co.uk/news/uk-news/eu-judges-rule-favour-crooks-28626184
https://www.ft.com/content/e4b31a4e-a79d-40f7-8a19-c1e451a95c4b
Is this not another ethical red flag?. To charge low fees or "lowball" in order to get the business.
Whatever happens the UK would be better off if the prime minister and her husband leaves quietly through the back door, and zip wired to another country, never to be seen again.
An employer is not obliged to provide a reference for an ex-employee but if they do, it must be truthful.
Obviously this can open up a big can of worms so a lot of businesses will only divulge the minimum information, or sometimes not at all.
I really would question what his CPD has been like over the last decade or two. The clear disregard to client accounts, and not having clients accounts being FRS complaint, for someone as experienced as him - looks like a very lax attitude to keeping up-to-date with current processes.
His clients have obviously suffered, and agree on other posts, maybe he should have retired a while ago. Unfortuantely this is the danger of being a sole practitioner - no one else in the business who can provide some frank advice to pack it all in!
Is this a record for an overdrawn debit directors loan balance? Never heard of anything above £500k, let alone almost £3m
Accountancy is still a great profession (even with mtd...). The flexibility is great that you can go into the business without the need to goto university.
There is still an obsession (especially since championed by Tony Blair) that you must goto University to succeed in life. Which is not true - go into accounting as a school leaver or after a-levels, and you can be a qualified accountant by your early 20s, and be set for life with little to no debt. Surely that must seem like an attractive proposition for many people at secondary school?