Category Archives: Uncategorized

Accelerated Mobile Pages

We aim to be the Carlisle accountants who are always up to date with new technology, which should mean among other things that we are able to deliver better value to our clients. If you click on the link then you will find our new AMP website, which we aim to use to broadcast simple key messages at different times of year. For example as the income tax year end approaches, company directors will be encouraged to think about how they extract rewards from their company in the form of salary and dividends.

If your Company Accounts have missed the 31 January 2017 Deadline

If your company’s accounts should have been submitted to Companies House by 31 January 2017, and you have missed this deadline, then you should act now. You will need to pay a penalty of £150, but this penalty rises to £375 if you miss another deadline on 28 Februrary 2017. If you miss deadlines two years in a row, then these penalties are doubled to £300 and £750. Any Carlisle accountant such as David Porthouse and Co are able to prepare and submit your accounts within the month if you contact us right now. You still have something to play for.

The Cheque Run round about 25 January 2017

If you supply goods or services to a large company, then they will expect you to give credit, and they will expect your terms to be something like “30 days or net monthly account”. This means that you expect an invoice issued in December 2016 to be settled by 31 January 2017. Typically a large company will do a computerised cheque run on about 25th January, and they will want you to have sent a statement at the start of the month listing all invoices outstanding from the previous month, so several invoices can be settled with one big payment. Small companies which do not operate a system like this should pay you within 30 days. If you do give credit, you might like to have a discussion with some local accountants like us. Many accountants aim to be general business advisors alongside our specific work.

Incompetent Parliamentary Draughtmanship

The Referendum Act 2015 said nothing about what to do if there was a vote in favour of Brexit, so frankly we have had an incompetently managed Referendum. The principal culprit is David Cameron, although Theresa May was a member of the Government at the time as well, and could have said something. It is not possible to use the Royal Prerogative to patch up the consequences of this incompetence, and we must thank Their Lordships of the Supreme Court for making this clear. They have also made it clear that the Scottish and Welsh devolved assemblies have no special rights, so at least now we have a simple constitution which everybody can understand.

NZ Pinot Noir as good as Burgundy

If you want to buy red Burgundy wine, then there is only one sensible tactic. Go to the shop, buy one of each type, take it home, allow at least 24 hours to settle in, and then drink one bottle at a time. Once a bottle is opened, you will need to drink up, because it won’t keep for more than a few hours.

If you find something that you really like, go back to the shop at once and buy up the stock. Drink it up within say six months. You will need to repeat this procedure with each new vintage, and obviously you need cash in hand to buy up the stock. Red Burgundy is normally for rich people.

Watch out for the two vintage trick. They get a good vintage, so they push up the price. The next vintage is not as good, but they still try to charge the same high price. Just leave it on the shelf.

Let price influence you. For pheasant you want a full-flavoured Burgundy, but for salmon something lighter is OK. Obviously for the lighter wine we expect to pay a lower price.

There is no snobbery in the above. English and Scottish strawberries taste better than Dutch and Belgian strawberries, and everything tastes better than Spanish strawberries. It’s just a matter of buying it and trying it.

Exactly the same rules apply to pinot noir wines from New Zealand. Much of what you buy and try is going to be quite disappointing. Some of it will be great, so you know what to do. On this basis, we can safely say that New Zealand pinot noir is now just as good as Burgundy. They both have the good and the bad, with no ability to predict what’s what. Buy it and try it is the only sensible rule.

If your Company Accounts have missed the 31 December 2016 Deadline

If your company’s accounts should have been submitted to Companies House by 31 December 2016, and you have missed this deadline, then you should act now. You will need to pay a penalty of £150, but this penalty rises to £375 if you miss another deadline on 31 January 2017. If you miss deadlines two years in a row, then these penalties are doubled to £300 and £750. A firm of accountants in Carlisle such as David Porthouse and Co are able to prepare and submit your accounts within the month if you contact us right now. You still have something to play for.

The Cheque Run round about 23 December 2016

If you supply goods or services to a large company, then they will expect you to give credit, and they will expect your terms to be something like “30 days or net monthly account”. This means that you expect an invoice issued in November 2016 to be settled by 31 December 2016. Typically a large company will do a computerised cheque run on about 23rd December, given the day of Christmas this year, and they will want you to have sent a statement at the start of the month listing all invoices outstanding from the previous month, so several invoices can be settled with one big payment. Small companies which do not operate a system like this should pay you within 30 days. If you do give credit, you might like to have a discussion with some local accountants like us. We want to be the accountants Carlisle businesses can consult on general commercial matters as well as on accounts and tax.

Christmas 2016 Working

We will close on Saturday December 24th at lunchtime. We will reopen on Monday January 2nd 2017. We will look at our e-mails from Wednesday December 28th onwards and deal with anything urgent. Where we are dealing with business start-ups, the various online processing tasks that we need to complete will continue just the same.

Other accountants are also very likely to be closed for the week, but they may have remote access to their e-mails so they can respond quickly if necessary.