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Type: Posts; User: Dom at Fox Bartfield

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  1. I know everyone would like me to address all the...

    I know everyone would like me to address all the points on this thread, but please appreciate we are restricted on legal grounds from discussing or commenting on the personal details of any employees...
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    Client

    And they've only just noticed nearly 2 years down the track! :laugh

    Company now closed and you're not contracting any longer, they'll just have to take it on the chin and move on.
  3. HMRC

    They do carry out random checks based on risk and industry, historically if you're largely cash based then expect more regular visits.

    There will also be an increase in risk with businesses that...
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    MVL

    @Maslins is a regular on here who has MVL Online, lots of good feedback for these guys......we tend to refer to SFP Group, who we've received good feedback but a little more expensive.
  5. VAT

    Almost all of our guys have gone onto traditional VAT as it tends to be more beneficial. Using Freeagent, we tend to run a comparison to see which would be more beneficial and just about in every...
  6. Banks

    Not come across BFC before but their basic requirements page states a min turnover of £5m (Link).

    Aldermore tend to be frequently mentioned, quick comparison on the Link here as well.
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    QB

    Afraid not, it's more of a rival for Xero. IMHO functionality in QB is not as good as the others, I'm sure other people will have different opinions :freaky:
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    :spank:

    :spank:
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    QB

    Sounds like a Quickbooks sales call!!

    Wouldn't go anywhere near QB, with Freeagent being spot on for contractors and Xero being more appropriate for more traditional businesses. Xero is better...
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    Insurance

    We tend to refer most guys to LH, good to deal with but haven't come across anyone that has tested their policies.......then again, same with other providers.

    The coverage does look to be better...
  11. Dormant

    Yep, spot on
  12. Records

    Not quite, your accounting records can be kept in the cloud, which many do these days through one of the portals such as Freeagent, Xero, etc.

    Accounting records can be kept anywhere at the...
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    VAT

    Are you a limited cost trader that should now be on 16.5% as per the link here?
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    14%? Which category are you? Not a limited cost...

    14%? Which category are you? Not a limited cost trader?
  15. Employment

    Would agree with WIB, suggest a chat with a specialist employment solicitor for guidance, most will give a free initial hours consultation. PM me if you'd like the details of such a specialist.
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    Entrepreneurs Relief

    Would agree with the guys above, more details required however entrepreneurs relief is a useful tool all depending on your circumstances.
  17. Sale of Company

    Normally the tax liabilities remain with the company, unless the previous directors can be proven to be negligent, however as part of any purchase it's likely that there will be warranties on the...
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    Christmas Party

    True, doesn't happen often but had clients that have invited their accountant! :glasses
  19. Accountants

    You'll likely find that some of them will be in the office for some of the time, especially at this time of the year leading up to self assessment deadline. It's possible, but they may well be...
  20. MCA

    Yep, just make sure you make the application for the transfer which can be done online here
  21. Accountants

    I'm sure many of the other accountants have experience in clients moving from NW, quite a simple process. Let them know where you're moving to, the incoming accountants should then take it from...
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    MVL

    We tend to refer to SFP Goup (link) and had good report back. Plenty of providers out there but would suggest going off a recommendation.
  23. Valuation

    Pretty much agree with this, should be a simple exercise to carry out a desktop valuation.

    Was the initial transfer to your partner carried out before trading when the company value was Nil.
  24. Is your wife a director as well as shareholder? ...

    Is your wife a director as well as shareholder?

    Most of the other guys (including ourselves) on here include the directors returns and would make sense to include your wife in any case given she's...
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    MTD

    If you're happy with him then fair play......presume he's not using Freeagent where it would all be included.
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    Xero

    We use Xero for the accounts within the practice with the Yodlee bank feeds, works well. Has the occasional blip but not very often, mainly when carrying out maintenance.

    We've never had any...
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    IR35

    Who carried out the IR35 review? Perhaps worth a second opinion but if it comes from a reputable firm then I'd be inclined to go with it. However, during their review did they make any suggestions...
  28. Sticky: Non-residents

    Certainly do depending on your circumstances. I'm sure there are others as well.:smokin
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    Freeagent

    Agree with the guys above, using the Freeagent bank feed will automate the process and give you more control over the company finances. As @NLUK says, consider an accountant that provides this as...
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    Residency

    An LLP is a Limited Liability Partnership, as such you'd receive a share of the partnership profits as set out in any partnership agreement with others. This would then be declared on the tax return...
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    Perm

    Would agree with @Maslins, going the other way would be a concern for the same place.......although would be interesting to compare before/after roles to see how similar they are.
  32. Accountants

    Are they located close enough to go visit? Are your friends experiencing the same issues?
  33. Tax Scheme

    Interesting, same address as this one:-

    85 year old woman behind the fake London binary options firms

    Looks legit! :rollin::rollin::rollin:
  34. Just in case, for future use, you may find this...

    Just in case, for future use, you may find this link useful should you use the scheme Remuneration Trust Problems? Worried about HMRC tax investigations?

    Also, has your agent been promoting or...
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    Platform

    Feel free to drop me a PM and I'll send you the details of our guy at St James Place who may be able to swing the no fee with it being an offer for last month.
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    Flagstone

    We were introduced to this by one of our IFA clients at St James Place, interesting concept and they were doing a promotion last month whereby waiving the set up fee. Looking at setting one up for...
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    Accountants

    Have you checked your letter of engagement for notice periods and termination? Have they delivered anything late or outside of any timeframes in your T&C's?
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    Accounts

    We've done this before in a couple of cases, especially if the client moving across already has a Freeagent (or other online provider) account with the data all up to date, makes the transition...
  39. Coffee

    @NLUK, sweet enough already then? :wink
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    App

    Any links to the new app? Tried searching on ITunes but still showing the old one.
  41. Accountants

    Agree with Alan, Freeagent is a must for contractors. Check the client to staff ratio of a firm which will be an indication as to whether it's a sausage factory type practice or provides a more...
  42. MVL

    Sure, if you speak to Meeta at SFP Group or email meetab@sfpgroup.com I'm sure she'll be able to assist.
  43. MVL

    Depending on the level of funds in the company, some providers can distribute 80% of funds on day one which may speed things up a little. The process is driven by guidelines on closure as well,...
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    Residency

    Apologies @northernladuk, not quite sure of the connotations :emb but will come back to you on that one
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    Residency

    Whereabouts are you domiciled? Also, have you a property (rented or elsewhere) as a base or pay council tax (or equivalent elsewhere)?
  46. Property SPV

    Definitely worth a sit down with your accountant to run through a specific plan around this. Could be a good opportunity to get the properties into an SPV with no CGT but worthwhile running through...
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