Best Of
Re: Working at Christmas
Well, Nobby finally told me today that now IT'S CHRIIIIIIIIIISTMAAAAAAAAS
so it must be true.
so it must be true.
Re: what assessments I need to pass before taking Synoptic assessment??
I believe you don't need to have passed the exams, you just need to have sat them.
Re: what assessments I need to pass before taking Synoptic assessment??
You can take synoptic even if you haven't passed/sat other exams. There is no specific order in which exams has to be taken.
AAT recommends for students to pass all units before attempting Synoptic, but this is on recommendation.
AAT recommends for students to pass all units before attempting Synoptic, but this is on recommendation.
Qualified Bookkeepers Required - Home-based / flexible work
Fairmile Accounting (www.fairmileaccounting.co.uk) are a specialist accountancy firm, servicing the licensed trade, currently expanding a network of results orientated qualified bookkeepers. https://www.fairmileaccounting.co.uk/work-with-us/
The work is home based and hours flexible (in conjunction with client delivery timeframes) with the scope to take on as many or few clients as you wish. Working from weekly scanned data, using QuickBooks (desktop version). Work involves (dependent on level of experience):
Accounts production to Trial Balance level.
Management Accounts.
VAT calculation / submission.
Payroll.
Year End.
Self Assessment.
There is great potential for your responsibilities, and therefore income to increase as you progress with Fairmile.
If you are happy to progress, please submit your CV and covering letter to Katy Miles - [email protected] for further information.
The work is home based and hours flexible (in conjunction with client delivery timeframes) with the scope to take on as many or few clients as you wish. Working from weekly scanned data, using QuickBooks (desktop version). Work involves (dependent on level of experience):
Accounts production to Trial Balance level.
Management Accounts.
VAT calculation / submission.
Payroll.
Year End.
Self Assessment.
There is great potential for your responsibilities, and therefore income to increase as you progress with Fairmile.
If you are happy to progress, please submit your CV and covering letter to Katy Miles - [email protected] for further information.
Re: Working at Christmas
Nobby hasn't told me that IT'S CHRIIIIIIIIIIIIIIIIIIISTMAAAAAAAAAAAAAS yet, but my dad's put up the traditional 4' plastic tree already (on Dec 1) at home, although it's yet to be all tinselled and baubled up. 
Nothing up at work yet, though we usually don't put the tree up in the office 'til mid-December; our office Christmas Dinner is on Fri 14, so I imagine the tree will probably go up either on the Thursday or the following Monday. xD
Days off - I've got 24, 27, and 28 booked off, but not 31 December...unless our payroll manager finds she needs to come in on NYE to wrap up some lastminute.com clients' payrolls. Not sure if I'd be happy 'cos it'd mean she'd lose the day off so that I could be enjoying it instead. xD
Nothing up at work yet, though we usually don't put the tree up in the office 'til mid-December; our office Christmas Dinner is on Fri 14, so I imagine the tree will probably go up either on the Thursday or the following Monday. xD
Days off - I've got 24, 27, and 28 booked off, but not 31 December...unless our payroll manager finds she needs to come in on NYE to wrap up some lastminute.com clients' payrolls. Not sure if I'd be happy 'cos it'd mean she'd lose the day off so that I could be enjoying it instead. xD
Working at Christmas
It's a Friday!
It's Christmas cause Nobby told me last weekend!
Has anyone not got their tree up yet!
I've already got a couple of days booked as working between Christmas and New Year with the other days being slob days up to now. This will change but New Year's Eve is a no work day with a fell race already entered.
It's Christmas cause Nobby told me last weekend!
Has anyone not got their tree up yet!
I've already got a couple of days booked as working between Christmas and New Year with the other days being slob days up to now. This will change but New Year's Eve is a no work day with a fell race already entered.
Re: Practices for the future
My practice isn't as big as burgs as I only have about 20 clients, this doesn't seem a lot but I do management accounts for a £30M manufacturing company. Quite a bit of time but it's regular together with good payments, rate is just below the temp contact level. My client base is predominantly made up from builders/plasterers and electricians.
I also have a mentor who passes me work as he's now approaching capacity, bit of a JV really but it works well and it means he can bring in additional clients he would have usually turned down. Also done all my GDPR compliance and all I have to do for MTD is to test some excel bridging software.
Payroll - Capium
Accounts - Excel
Accts & Tax comps - Taxfiler (cheapest option for number of clients)
At my review at the start of last year I was actually looking to make an exit from the profession, I passed my diploma in Technical Analysis in the early part of the year and considered moving into investment banking. First priority was however to lose the fee moaning or tax moaning clients who just weren't worth the effort. These were informed I wouldn't be dealing with them anymore but kept enough clients to keep myself afloat..
On review this year hasn't gone the way I wanted as I moved back towards a PAYE style appointment when I was looking to bring in new clients to gain more independence. My usual clients have all turned up later than usual but I have managed to bring in new clients with a higher income rate. Self assessment fees were increased last year without any problems, this time it will be Ltd company fees I will be looking into for a possible increase.
Future
This has been put into the issue at the moment:
Hard Brexit - this would be leaving my biggest client which would significantly increase my capacity but reduce my revenue stream. Don't really want to be spending 2hrs a day stuck in a traffic jam or setting off at 7am just to get into their office in time. At the moment I can't get any additional management accounts work due to the company wanting the first week in the month and I've already been approached for a single day a week for a cost accounting project. It would mean that I would have the time to be able to put one day a week aside. Commercially this would be the best deal going forward with some initial financial pain to suffer.
Soft Brexit/Remain - This would be the best financial package but not what I originally set out to acheive when I went self employed. I'd be tied down to the company only being able to bring in clients for the 10 spare days per month.
For a single person practice it would be get January out of the way and then move forward with a positive business plan.
I also have a mentor who passes me work as he's now approaching capacity, bit of a JV really but it works well and it means he can bring in additional clients he would have usually turned down. Also done all my GDPR compliance and all I have to do for MTD is to test some excel bridging software.
Payroll - Capium
Accounts - Excel
Accts & Tax comps - Taxfiler (cheapest option for number of clients)
At my review at the start of last year I was actually looking to make an exit from the profession, I passed my diploma in Technical Analysis in the early part of the year and considered moving into investment banking. First priority was however to lose the fee moaning or tax moaning clients who just weren't worth the effort. These were informed I wouldn't be dealing with them anymore but kept enough clients to keep myself afloat..
On review this year hasn't gone the way I wanted as I moved back towards a PAYE style appointment when I was looking to bring in new clients to gain more independence. My usual clients have all turned up later than usual but I have managed to bring in new clients with a higher income rate. Self assessment fees were increased last year without any problems, this time it will be Ltd company fees I will be looking into for a possible increase.
Future
This has been put into the issue at the moment:
Hard Brexit - this would be leaving my biggest client which would significantly increase my capacity but reduce my revenue stream. Don't really want to be spending 2hrs a day stuck in a traffic jam or setting off at 7am just to get into their office in time. At the moment I can't get any additional management accounts work due to the company wanting the first week in the month and I've already been approached for a single day a week for a cost accounting project. It would mean that I would have the time to be able to put one day a week aside. Commercially this would be the best deal going forward with some initial financial pain to suffer.
Soft Brexit/Remain - This would be the best financial package but not what I originally set out to acheive when I went self employed. I'd be tied down to the company only being able to bring in clients for the 10 spare days per month.
For a single person practice it would be get January out of the way and then move forward with a positive business plan.
Re: creditsafe
Creditsafe can be aggressive and want to insist that you are breaking the requirements of your licence with AAT by not checking everyone in a similar way to theirs. However their process is considered enhanced CDD so is only necessary where your risk assessment indicated enhanced CDD is required. In most cases enhanced CDD will not be required unless you have a habit of not meeting directors/shareholders and/or you have lots of cash intensive businesses or foreign directors/shareholders.
In the odd cases we have needed to do such checks we have used Veriphy who charge per check at about £5 a time.
In the odd cases we have needed to do such checks we have used Veriphy who charge per check at about £5 a time.
Re: Simplified Expenses (Vehicle)
Yes it is allowable, the vehicle is treated as owned by the business the moment it comes into use.
You need to work out the flat rate claim against the total capital cost of the vehicle from which you can claim 18% or 8% WDA annually as well as the interest being charged and any running costs.
You need to work out the flat rate claim against the total capital cost of the vehicle from which you can claim 18% or 8% WDA annually as well as the interest being charged and any running costs.
Re: Simplified Expenses (Vehicle)
Hi
Is this the first year the vehicle is being accounted for? If so
My understanding is that yes you can claim the flat rate expense or you could claim for Capital Allowances and the business use of the running costs.
You will need to run the figures and see what works out best because once you have chosen a method you have to stick with it until you change the vehicle.
Is this the first year the vehicle is being accounted for? If so
My understanding is that yes you can claim the flat rate expense or you could claim for Capital Allowances and the business use of the running costs.
You will need to run the figures and see what works out best because once you have chosen a method you have to stick with it until you change the vehicle.