Member Since: 20th Jun 2009
18th Sep 2020
If - big if - you find the ACCA helpful, in some aspect, say keeping you up to date, then follow the rules and jump through the hoops. If you are sure they are not helpful then dump it. It's a black and white choice, don't let emotion cloud your decision.
15th Sep 2020
The same is true of construction & industrial goods. Signatures are pretty much not done now. Difficult to sign anything when there is a plastic barrier and you are two metres away. Invoices arrive by email too, so no contaminated paper doing the rounds.
12th Sep 2020
The name of the account is an indication of its intended use, but can record a debt a company has to a director, rather than what the director owes a company. Perhaps you and your client are misunderstanding each other. Could he be talking about tax consequences of such an account ? See here for further information.
29th Aug 2020
Rudo, you really need to speak to some accountants. Asking such a general questions is likely to get you only nowhere. It's the detail that is vital. It's a bit like me asking you how much a car costs.
23rd Aug 2020
Because Riding means 1/3. Hence you had North, East & West Riding.
22nd Aug 2020
I will try and be helpful. You have a choice; you either pay someone qualified to give an answer giving them the full facts, or you DIY it. If you are going to DIY it here is some reading.
If you have questions about BIK come back later with a clear question & full facts.
I hope that helps.
18th Aug 2020
@ Steve 'I'm guessing that you are not talking about subcontractors in the construction industry, because if you are, the answer is because CIS is practically PAYE but more expensive.'
Construction is a hire-and-fire industry a lot of the time. On a general turn down in the country's economy construction is often hit hard & early. Hence, hire-and-fire.
CIS gives no holiday, no redundancy, no sick pay. That's why some go down the CIS route.
16th Aug 2020
Getting a lawyer is a good first step. Other things I suggest is that the directors 'Call' for payment. If he pays then your problem continues. If there is no majority of directors your problem continues.
If he does not pay then you issue court action for the £20k. At this point it would be good to have a long chat with the non-paying shareholder. Try and work something out. Seems to me, nothing is going to be easy though.
15th Aug 2020
A lot will depend on the £££ involved. Given the lack of other information I'd say there is no easy way, depending on the definition of 'easy'.
14th Aug 2020
And I would not be surprised if the £50k loan went 'bad' either. Sigh...