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Post Info TOPIC: tax returns - where are you???


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tax returns - where are you???
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Thought would start this thread given only 38 working days till 31st January (or 55 days if like me you work 7 days a week at the moment) though can reduce to 53 to take out xmas and new years day.

We have a total of 141 returns to do, 24 are submitted and another 42 are various stages of being complete.  Just did final chase last week for the other 75 still to hand in.  As this is the 3rrd reminder to them will leave it up to them if they want to hand it in or pay the £100 penalty.

Now got something like 166 clients with new ones joining all the time.  Signed latest one on Friday, got a new one to see tomorrow and another new one to see on Wednesday with another 17 prospectives in the pipeline at various stages.  So probably be up to about 180-200 clients by 31 January and then the fun starts again.

Hopefully can find time to do existing clients tax returns in between.

My to do list of jobs for February (all the stuff that needs to be done but can put back) is getting longer all the time.

 



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Including company accounts that need doing before February (9 for this month!) I think I have 82 but having a meeting with a guy today who says he has 6 years to do!

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Rob
www.accounts-solutions.com


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Exactly 50% filed of those that I know that I have to get done but no idea what additional last minute fun January might bring.

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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



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I reminded a director that we were closing on the 23rd until the new year, and that he needed to send his records to me as soon as possible, if he wanted them filed on time.
That was last week, and he said he would sort it.... a couple of weeks.

I'm giving serious consideration to introducing a new term - saying that, if a set of records are passed over within 4 weeks of the deadline, there will be a higher fee, as I have to pay staff overtime.

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I think I may introduce a few fee increases for anyone who brings in stuff by January too. The problem is I have over 80 jobs to do but by the time I have chatted with the clients about their paperwork when it is brought in and then a bit more when the accounts are ready I've probably spent an average of half an hour on each. That's 40 hours of talking when I'm rushed off my feet and don't have the time!

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Rob
www.accounts-solutions.com


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Oh Rob, I feel your pain. A client was reviewing their VAT report the other day, and actually wanted me to change that I had typed "ee" instead of "EE" - I wanted to throttle her down the phone!

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We give a 10% discount on fixed fee if everything handed in pre 31 July or within 3 months of year end if ltd company

However if handed in in Nov 10% added, Dec 20% added and Jan 25% added to fixed fee.  Same % added if limited company and handed in in month 7, 8 and 9 after the year end.  Still have some 31 March Ltd companies to be handed in so they will have 25% added to their fixed fee this year.



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.



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Hi Mark.. you have said this before, and it exactly that that's led me to thinking about it. You might well be my guru!

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Good idea Mark, like it alot!!!!

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Amanda



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I've only got 28 left to do. I promised myself I wouldn't have a year like last year, so I've managed to do the vast majority between June and November. I wanted January left empty for new clients.

Kris

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About 70 SAs to do and six sets os statutory accounts by 31st January.

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Liz Needham FFA FIAB FFTA

Needham Accountancy Ltd



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Mad Liz wrote:

About 70 SAs to do and six sets os statutory accounts by 31st January.


Glad to hear I am not the only one with a pile to do.

Also have 3 statutory accounts by 31 December which have only recently come in plus 1 still to be handed in.  Going to be a busy few days after boxing day. 

Good thing is that 25% will be getting added to all their fixed fees in accordance with terms of when handed in as all have just been handed in in December.



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Mark Stewart CA

http://stewartaccounting.co.uk/

Providing accounting, bookkeeping, payroll and tax services to small and medium sized businesses across Central Scotland and beyond.

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