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The Positive Accountant Vol 2 Ed 7

Updated: Aug 5

It's Monday again and I know that many will be waiting anxiously for this to hit their inbox....I have at least two clients who have admitted they won't go to bed without having read it. Knowing that really tempts me to make its publication progressively later !

I've 'met' another two clients today who hadn't thought about whether or not to claim for the SEISS grant - both were self employed, both have had adverse things happen in their business as a result of the current problem and both were entitled.  If you have any doubts about entitlement or how to claim please let me know.

What are my positives today:-:

1. It rained

I know, no doubt we'll be complaining about excessive water soon.

2. CIS VAT Reverse charge is postponed

I get that most won't understand what that is.

Will it help if I say "verleggingskosten uitgesteld verleggingskosten uitgesteld" ?

Which (according to Google translate) is Double Dutch for the same thing.

To translate it into normal parlance, the completely unworkable scheme that HMRC tried to force through into construction in October 2019 (and had to postpone until October 2020 because of Brexit) has now been postponed until 1st March due to the current crisis.  

Although which dimwit settled on the 1st March, that well known financial milestone, is unknown.

For those few that do know what this means, we can breathe slightly easier now for a few more months.

3. Harry has a driving licence

Harry (name changed) is a new client.  And as I'm sure you all know, on picking up a new client I have a legal responsibility to check they are who they say they are.  Apparently looking at a driving licence satisfies this.

You need to know that Harry is a cattle farmer.  

His driving licence, one the new style plastic card ones, looked like it was printed on  a cooked cabbage leaf, it was so distorted that I wondered if it had been put on a fire.  

But no, the real reason was that one of his herd had taken a liking to it.  Four stomachs later it found its way into the muck heap, then went through a muck handling machine whereupon it was reunited with its owner.

Now, in my career I've heard, and truth be told probably spoken, a lot of bulls--t, but this was the first time that I needed a copy of it for my files..

What have I been talking to clients about today ?  

Unpaid tax -HMRC at the moment have been told to 'back off' on collection of unpaid tax.  

Which is fine, we understand why and I'm sure it is being appreciated by businesses.  

But for those people who rely on HMRC to chase before paying, be careful.  Interest and, where applicable, penalties are still accruing, just not as obviously as you might have liked

Until tomorrow, stay safe, stay positive


07917 338342

Please - if you do read this far and feel inspired to forward it to anyone and everyone, please do so.    

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