Yup those were boxes of P45s the fact that the delivery man had to go up and down the stairs multiple times gives me an indicator that there are bad times ahead. I'm worried to be honest in that I wonder when my P45 will arrive as our clients are doing so little trade we simply can't justify sending them large bills. Everybody is tightening their belts.
But in other news today I've been reducing payments on account for HMRC for quite a while, in that taxes paid on Jan and Jul 31st are determined by last year's results as an estimate. If they are above last years you have a balancing payment at 31st January. If you have too high an estimate or your turnover falls off a cliff you reduce the payments on account.
I've universally had to reduce payments on account for EVERY client I've worked on, I can look back and see trends of falling turn over for a given period of time. It all looks bad.
About Me
- Ken M
- An unhappy ex-white collar accountant, who quite frankly uses this blog to vent, the old saying if we didn't laugh or bitch about it we'd cry is apt here. I am currently NOT unemployed but UNDER employed though this is subject to change. Giz a job ACCA qualified accountant 4 years experience in private practice. This is NOT the official job centre plus website, but shall we say a commentary of the unemployment situation in the UK. We don't get many visitors here so if you are here welcome to a cauldron of misery.
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