The Practitioner: You get what you PAYE for

The Practitioner: You get what you PAYE for

I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward

SINCE writing my last blog I have been away to sunny Spain for ten days. It’s always a struggle to return especially after having such a great time with the family. One thing that struck me about Spain was how cheap things were. Granted we were visiting friends in a non-tourist area, so prices were always going to be less than the over inflated tourist areas. Property prices were cheap too compared to where I live now. I think if the kids were a bit older I would be tempted to up sticks and move. I could quite happily service 90% of my fee base from the beach…

Back to earth with a bang however and I’m here to stay for a few years longer at least. I have a couple of clients who have HMRC enquiries ongoing that are starting to come to a conclusion. One of them we had to pass over to a PAYE expert to assist with the final stages of the enquiry.

A former HMRC inspector herself, she has been invaluable in fighting the client’s corner. Her invoice is due to land soon however. This coincides with a meeting I have lined up next week with a company wanting to sell me a fee protection package for my clients. I did offer this to clients about five years ago, some of them took it up and some didn’t. None of them renewed after the first year however. I know

I will feel slightly awkward when I write to the client who is about to receive a large invoice from the PAYE expert, offering him the fee protection going forward. He would more than likely have saved himself the best part of £10k if he had renewed the insurance from previous years. I can’t be responsible for everything though can I?

I’m sure it’s not just me but I do have feelings of guilt when HMRC find something wrong with clients records. There is no insurance I can buy to make that feeling go away. Not even PI does the job!

Resources & Whitepapers

Why Professional Services Firms Should Ditch Folders and Embrace Metadata

Professional Services Why Professional Services Firms Should Ditch Folders and Embrace Metadata

5m

Why Professional Services Firms Should Ditch Folde...

In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...

View resource
2 Vital keys to Remaining Competitive for Professional Services Firms

2 Vital keys to Remaining Competitive for Professional Services Firms

9m

2 Vital keys to Remaining Competitive for Professi...

In recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...

View resource
Turn Accounts Payable into a value-engine

Accounting Firms Turn Accounts Payable into a value-engine

4m

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
Digital Links: A guide to MTD in 2021

Making Tax Digital Digital Links: A guide to MTD in 2021

5m

Digital Links: A guide to MTD in 2021

The first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...

View resource