Member Since: 9th Jul 2013
8th Mar 2021
Personally, I would send the required tax returns to Freda, and ask her to pass them on to Charlie. At the same time ask her to explain to Charlie what she did re SEISS following your emails.
Then email Charlie and say Freda has all the relevant stuff and has been instructed to forward it to him.
13th Feb 2021
I have seen this happen before. I would guess that your client's father's late wife was correctly receiving the pensions gross and the pension provider has simply carried on with this. The onus is on HMRC to sort this out as they are all subject to PAYE (I'm assuming they are not foreign pensions) and will be reported by RTI.
You could try writing a letter and either posting it, or put it in a bottle and throw it into the sea at Blackpool, either way it will be a while/never before it is sorted.
Alternatively, a 'quick' phone call to the helpline could sort it provided whoever makes the call has the chap at hand to confirm his agreement to the call taking place and has plenty of time to keep hanging on the telephone.
15th Jan 2021
On the basis that you have replied and explained the position, I would simply block their emails. Then they can only chase by post or phone but will hopefully sort it out before they start. If not, you will quite likely have a humanoid to listen to the story!
15th Jan 2021
Best place to start is by submitting a BR19 or digital enquiry on the client's Gov't Gateway (sadly not your agent one!). This will show what and when any Class 2 payments were made.
As a previous poster had said, HMRC are 'recalculating' tax if their records do not show that the taxpayer is registered for Class 2 . I have had many of these cases where the client has been happily paying Class 2 for donkey's years. A CWF 1 will sort this, although in better times, a call to the NIC office could resolve this straight away.
Left hands and right hands when Class 2 started to be collected via SA!
4th Sep 2020
I totally agree. If you pursue this you will find that the extra time you spend on it either writing/emailing etc and simply thinking about it would be better spent on your other clients/finding new ones.
Send him a very polite and exceedingly patronising letter saying goodbye.
31st Aug 2020
The only decision to consider is "when to submit the return". Send it in now and the January 2020 instalment will be due more or less straightaway, send it in on 31 January 2021 and the tax will be deferred until 31 January 2021.
31st Aug 2020
I well remember a client of mine who was buying 'semi classic' cars (1960's Rovers and the like) and generally making a 100% profit on the purchase price. He was beyond astounded when his annual accounts showed that he had made a loss. He had somehow forgotten that auction fees, transporting cars, renting a warehouse, minor repairs, paying a washer/polisher all came off the profit!
29th Aug 2020
Having done many of these I would have thought £1,000 to £1,500 if you are giving a 'full' service. By 'full' I would be including:
1) Form the company. Do the necessary co sec stuff and advise on what is needed on an ongoing basis. Advise on shareholdings, type, structure and allocation. Paying attention to future succession/sale plans. In the light of this would a holding company/subsidiary structure be a good idea.
2) Register for VAT, advise on whether or not to transfer the reg no over. Usually not! Deregister the old trade if required.
3) Set up a PAYE scheme and advise on what needs to be done as not had one previously.
4) Advise on the dreaded company car position.
5) Value/look at the existence of goodwill. Consider splitting trade, leaving part in the partnership or forming a second company.
6) Talk about not putting through private expenses anymore. If they have been DIYs they are likely to have picked up some bad habits! Discuss how to deal with in future.
7) Discuss remuneration/dividend structure.
8) Provide a bespoke checklist of 'to dos' covering professional registrations. insurance office leases, advising clients etc etc.
9) Discuss timing of transfer of the trade.
10) Discuss pension scheme arrangements.
1st May 2020
I don't see the problem.
Advise client last year looks odd and ask if they want it reviewed
If yes - then
Get a copy of the tax return
Get a copy of the P60. As you know the salary and final PAYE code you can
derive a P60 unless the code was a M1/W1.
Look at pension contributions and the way in which they were paid
Check self employment taxable profit/allowable loss
Rework the tax comp
Check final liability/refund to actual refund
Advise client and amend if required
If client says no, and assuming you have insufficient information to reach a judgement - move on.
10th Mar 2020
If anyone in business has not spent sometime thinking through the impact of this on their business, then tbh they should not be in business! I would have thought that most small business owners will be waking up at 4.00am in a cold sweat.