I feel the same. Totally lost with GDPR. Not sure what I am to do or what I should be informing my clients if at all. I am an AAT Member and haven't received anything from them that can guide me.
Is there a document about MTD that accountants should be sending their clients now to notify (warn) them?
Hi I have been trading as a sole trader for 17 years and its getting harder and more expensive to run my own practice. I have many clients who would not have a clue how to file online and I could not cope with quarterly filing for every client. Not sure how this is going to pan out. I can't see how I will cope with the extra workload and my clients won't want to pay me any more.
Will the future of accountants need to provide a quarterly service to every client? I really can't see this happening. Maybe I need to employ a large work force to cope with the impact it is going to have on me as a sole trader. Putting the fees up to existing clients won't be appreciated. Might retire before I am even 50! Sounds more appealing.
I have lots of upset clients paying Dividend tax. If they have the money they need to pay their tax. But they still say how can I avoid paying that tax!!!!?????!!!
I wish it was like that for me. 5/6 days a week most of the year. January 1-31 every year. Need to change something.
Love that quote!
That explains why I couldn't pay tax online via Santander this morning. Ended up doing it in multiples of £10k! Its silly when the money is sitting waiting to pay the bill. Maybe HMRC are doing it so they can issue penalties for late payment excuses!
When cheques are paid at a bank they are taken as date payment made at bank not when HMRC receive the payment.
I have been chasing my clients since July last year. It's always the same "yes I will get that to you asap". 2013 is a New Year and will be a new me come February. No more rubbish to be dealt with in January!
I feel for you. Although I work on my own and only have the support of my husband bringing me numerous cups of tea to keep me going on the very long days!
I can't believe the amount of clients that leave their paperwork till January to pass it to me then have the cheek to chase me up a week later!
I too have said January can no longer be like this for me. I wondered if it is possible to charge clients for late submission of paperwork. I would love to receive some of them as early as July but never do.
I always end up with new clients in January which I will always fit in as I don't want to turn work down but it would be lovely to not have to do months worth of work all in 31 days.
Roll on February.