nor me - not interested - someone at work paid £4000 for her panels - how long would that take to get back and then make a profit - EL is right

Good morning everyone

 

Cold here and cloudier than yesterday.

 

Summer, my client doesn't seem to be anxious and is quite level headed. He is bright enough to understand the options. I think he will decide between option 4 where the amount of tax saving is a known amount and option 5 where the amount of tax saving is based on future profits and may be less or may be more. It depends on how much of a gambler he is. That's why it has to be him who makes the decision.

 

I'm off shortly for a routine 6 monthly dental check up.

 

Ros, with these solar panels and feed in tariffs, much must depend on the householder's age and how many years do they expect to be owning the house. I do have a client who has gone into one of these schemes but they are about 60, live in a village, and are likely to stay there for many years as they are part of the community.

Good morning everyone, very refreshing to hear of those local kids Summer, they sound lovely.

 

Very very cold here but still no frost funnily enough.

 

Enjoy your day everyone

Good morning everyone.

 

Still freezing up here, so the snow and ice is still lying.

 

El, I'm risk averse, so if I were your client, I'd be choosing option 4.

 

Have a good day everyone.

 

 

I'm back from the dentist checkup and given the all clear

 

Yogi, even option 4 has some risks as HMRC might question the size of the loss. I don't deal with the partnrship accounts or tax, just this partner's tax return. The other partner deals with that and doesn't use an accountant. I have warned my client that he might have to repay the tax saving and be charged interest.

 

If I were his business partner, that would set alarm bells ringing. 

Yogi, I understand that the other business partner's tax position is very different to my client in that he doesn't have much other income. My client joined that person's existing business. That means that option 5 is in all probabllity his only option and my client has told me that is what he is doing.

As to not using an accountant for the type of business they are in, that in my view is risky but that's their decision. It's not a client I would take on nowadays as would be too large a job.

 

I am glad the dentist check up went well EL, I meant to wish you luck earlier on but I have a mind like a butterfly at the moment

Thanks squiggle . My mind's all over the place at present with dealing with various clients and things

I can imagine EL.  I sometimes look back and remember getting up at the crack of dawn and travelling to central London by 8am and then holding down a hugely complex job and I can't think how I possibly did it

My client has just ring to say he's going for option 4.

 

Squiggle, for a few years before my parents married, my mother worked and lived in London for the PRS (Performing Rights Society). That collects monies from around the world from music performances etc and passes it on to the composers etc who hold the copyright. She worked in the section dealing with South America and had to calculate how much was due to each person for the country she did. This was in the late 40s to early 1951. There was no such thing as computers in those days.

I've had the first enquiry from someone panicking that they have to do their tax return. I don't take on those people as a general rule as I work on the basis that they are so disorganised by leaving it this late that the chances of their paperwork being organised aren't very high.

 

What a mess:

http://www.bbc.co.uk/news/education-30897127

 

I can see where you are coming from.

Evening guess which silly girl didn't realise her phone didn't charge properly last night, and failed to have her spare charger in her bag..?
I'm charging now but popping out in a mo- will come back after and catch up properly. Hope you all had a good day

Yep, I did read the CDWM thread Yogi 

I couldn't understand why you thought she was coming today, until EC posted in the CDWM thread and I saw my post from last week.

 

It has started snowing again up here.

That'll teach me to read thread dates before posting, won't it Yogi? 

We have had snow off and on for the last hour or so but its not accumulating 

And the gritter has been around again too 

Evening Summer.

 I've done it myself, Moonie.

We still have the snow from the weekend, so the new stuff tonight is going to add to it, and the gritter hasn't been near.

Awwww that's not good news for you Yogi  

No it's not, and I've got a hospital appointment in the morning.

Oh noooo, that's certainly not good for you either 

I hope the appointment goes well for you Yogi 

Thanks Moonie. It's just a check up with the specialist nurse, so it should be okay - so long as I get there!

That's good 

I shall send a gritter up to escort you 

Right, I am off now Yogi, so I will bid you nitenite, sleep well and have sweet dreams and have a safe journey tomorrow  

 

Nite nite to all you night owls who may pop in  

 Thanks, I'd appreciate that.

Night night, Moonie. Stay cosy and I hope you have sweet dreams.

Goodnight and sweet dreams everyone.

Nigt owl hugs.

night yogi and velvet

*night owls* I'm all caught up

Good luck for your appointment yogi, I hope things are looking good

El, I completely understand your decision to not accept disorganised clients- I dare say their books are missing paperwork as well as being a mess. Personally, I couldn't bare it! I'm very organised with mine and submit them swiftly after my year end, I enjoy my bookkeeping too

Squiggle, if your mind is like a butterfly then I would imagine it to be a beautiful and colourful one

Good morning everyone.

 

We've had a little bit more snow overnight. Still no sign of the gritter but the main roads seem to be okay, so I ought to be able to make my hospital appointment.

 

Have a good day everyone and I'll be back later.

Good morning everyone

 

Cloudy here, rain overnight. No frost though on the cold side. No snow expected in my area for the time being.

 

Yogi, I'm glad that you should be able to make your hospital appointment and hope that it goes well

 

Summer, you've got it in one. If people have left it this late for their tax returns their papers are likely to be incomplete and a mess. You are one of those who keep on top of their bookkeeping but many just let the paperwork build up and it then becomes a huge job for them to sort out.

 

Good morning everyone, not quite so cold today I think.  I hope you manage to get to the hospital without problems Yogi and that your visit is helpful.  I am off to have my ear syringed this afternoon and then popping in to visit a friend.  I have found a wonderful source of 'thinking of you' cards with a Christian message and she has a huge circle of people that she likes to write to to encourage them in life's daily struggles.  The cards are wonderful and so cheap, the benefits of the internet which my friend does not have.

 

What a lovely thing to say Summer, thank you

 

Enjoy your day everyone

Squiggle, I hope your ear syringing goes well this afternoon. That's very thoughtful of you to find those cards for your friend

 

People who have no internet access are becoming more and more disadvantaged with businesses and govenment organisations being ever more internet only. The other day I posted about HMRC no longer sending out paper reminders to people to file their tax returns by 31 January. They are working on the basis that people without computer access would have filed their tax returns by post where the deadline was 31 October. HMRC are instead sending email reminders where they have the taxpayers email address. But anyone who doesn't have internet access and uses the likes of internet cafes and public computers in libraries wont' get any reminder at all.

Recently one of the accountancy websites has been asking accountants for some of the more unusual payments their clients have claimed for in their expenses. Yoe can't read the article as you have to be a member of the site but here are a few of them.

An artificial leg for a customer of the client where the client was run by an Italian with close ties with his family back in Sicily. The customer had suffered a freak accident with a sledge hammer.

 

A monthly subscription of £20 for a "scientifically proven" deodorant which instantly makes women attracted to you.

 

A set of false teeth because the old set were ill-fitting and causing a lisp. (HMRC were not convinced)

 

But my favourite and probably yours was the client who worked from home and was also a delivery driver with his own vehicle. He gave the accountant receipts for vet bills and dog food etc as he believed his dog was principally a guard dog for his home office and the van when out doing his rounds.

Picture of the guard dog on the site:

A miniature Yorkshire terrier

 

Squiggle, I'm sure your friend will be delighted that you've managed to source those cards for her.

 

El, I can understand that it's cheaper for HMRC to email reminders rather than send out letters. However, if they don't have an email address for someone, it seems unfair that they don't send them a reminder through the post.

 What a bunch of chancers!

It wouldn't surprise me if a higher proportion of people miss the deadline this year as a result. I think it very unlikely that HMRC would regard that as an acceptable reason for not filing on time.