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Forum: Property investment and tenants' rights 23-07-2014, 11:26 AM
Replies: 6
Views: 284
Posted By T McGibney
Why? If he's at all capable of doing a decent job...

Why? If he's at all capable of doing a decent job as Minister, he surely has contemplated in advance at least some of the major issues surrounding his prospective Department.
Forum: Discussion of askaboutmoney hacking July 2014 21-07-2014, 05:04 PM
Replies: 2
Views: 313
Posted By T McGibney
Locked out of Letting Off Steam

I have changed my password as directed but since then I have been barred from posting to any Letting Off Steam thread.



Do I need to change some setting in order to correct this?

Thanks for...
Forum: Askaboutbusiness 27-06-2014, 06:11 PM
Replies: 62
Views: 13,747
Posted By T McGibney
I have already said above that if the person whom...

I have already said above that if the person whom he used is a practising member of a professional body, he should be seeking redress through the professional body.

That said, caveat emptor...
Forum: Askaboutbusiness 27-06-2014, 05:17 PM
Replies: 62
Views: 13,747
Posted By T McGibney
There is indeed, my bad. :o But I think...

There is indeed, my bad. :o


But I think this misunderstands how a good advisor deals with a question like this. The initial response to a question is usually another question, to establish the...
Forum: Askaboutbusiness 27-06-2014, 04:49 PM
Replies: 62
Views: 13,747
Posted By T McGibney
This hardly invalidates @DB74's point that the...

This hardly invalidates @DB74's point that the statutory audit "deterrent" as you call it represents unnecessary red tape.

Whether or not the "late filing = compulsory statutory audit" deterrent...
Forum: Askaboutbusiness 27-06-2014, 03:56 PM
Replies: 62
Views: 13,747
Posted By T McGibney
I think you misunderstand the concept of...

I think you misunderstand the concept of Companies Office ARDs. These are set, not according to the year-end date, but on the basis of the company's date of incorporation. In the case we saw here...
Forum: Askaboutbusiness 27-06-2014, 03:53 PM
Replies: 62
Views: 13,747
Posted By T McGibney
A few digs at me within those paragraphs, let me...

A few digs at me within those paragraphs, let me clarify:

I have never taken issue with the Revenue approach to the sort of defacto employment contracting arrangement where the contractor drives...
Forum: Askaboutbusiness 27-06-2014, 01:21 PM
Replies: 62
Views: 13,747
Posted By T McGibney
+1 on all counts there. It's a repeat of the...

+1 on all counts there.

It's a repeat of the banks' DIRT evasion scam, where the architects of the racket (the banks) walked away scot-free while the suckers whom the banks importuned into the...
Forum: The bailout, the banking crisis and other economic issues 27-06-2014, 10:42 AM
Replies: 82
Views: 4,030
Posted By T McGibney
You'd perhaps be less confused if you read my...

You'd perhaps be less confused if you read my entire comment rather than selectively concentrating on isolated parts to suit your own debating position.
Forum: Askaboutbusiness 27-06-2014, 10:39 AM
Replies: 62
Views: 13,747
Posted By T McGibney
No high horse, but there is a major difference...

No high horse, but there is a major difference between a wiring task that needs an electrician, and an individual's multifaceted tax compliance obligations in the course of running a business.

An...
Forum: Askaboutbusiness 26-06-2014, 06:17 PM
Replies: 14
Views: 671
Posted By T McGibney
Yes, but you can extend your ARD by up to 6...

Yes, but you can extend your ARD by up to 6 months, ie to a date in September 2015 for submission of accounts up to 31 December 2014.
Forum: Askaboutbusiness 26-06-2014, 05:10 PM
Replies: 14
Views: 671
Posted By T McGibney
I should have added, March is a particularly bad...

I should have added, March is a particularly bad time of year to have an ARD date, as you cannot file a B1 for a given year until at least 1 January in that year, so if accounts are completed soon...
Forum: Askaboutbusiness 26-06-2014, 05:02 PM
Replies: 14
Views: 671
Posted By T McGibney
I don't particularly want to criticise someone...

I don't particularly want to criticise someone behind their back but they really should have discussed this with you. That said, one of the reasons why I don't think fixed fee deals are a good idea...
Forum: Askaboutbusiness 26-06-2014, 04:50 PM
Replies: 14
Views: 671
Posted By T McGibney
It depends on your ARD and the type of business...

It depends on your ARD and the type of business you operate in. I generally recommend a calendar year end, where possible. Did your accountant not discuss this with you?
Forum: Askaboutbusiness 26-06-2014, 04:36 PM
Replies: 14
Views: 671
Posted By T McGibney
If there is, that somewhat nullifies my second...

If there is, that somewhat nullifies my second point, which relates more to sole traders.
Forum: Askaboutbusiness 26-06-2014, 04:30 PM
Replies: 14
Views: 671
Posted By T McGibney
In my experience, fixed fees accountancy deals...

In my experience, fixed fees accountancy deals work best for established customers, where there is a clear and mutual understanding of the scope of the work and the expectations of both sides.

I...
Forum: Askaboutbusiness 26-06-2014, 11:24 AM
Replies: 62
Views: 13,747
Posted By T McGibney
I would be amazed if the person whom the OP used...

I would be amazed if the person whom the OP used is a practising member of a professional body. If they are then the OP should be seeking redress, if necessary through the professional body.

While...
Forum: The bailout, the banking crisis and other economic issues 26-06-2014, 10:23 AM
Replies: 82
Views: 4,030
Posted By T McGibney
No they don't. There are two sets of lists...

No they don't. There are two sets of lists published each quarter - the big one is the tax defaulters list, ie the list of settlements.

The second one is the list of individuals and companies who...
Forum: Askaboutbusiness 26-06-2014, 10:18 AM
Replies: 62
Views: 13,747
Posted By T McGibney
This sounds bizarre. Real accountants don't...

This sounds bizarre. Real accountants don't normally go behind their customers' backs and discuss their individual deduction entitlements with Revenue.



On the other hand, even a tiny bit of...
Forum: The bailout, the banking crisis and other economic issues 25-06-2014, 04:57 PM
Replies: 82
Views: 4,030
Posted By T McGibney
Maybe so for a middle-class widow/widower who...

Maybe so for a middle-class widow/widower who suddenly falls on poor times, but not for the elderly bachelor who loses their home, or who lives in squalor. That sort of hard luck story doesn't shift...
Forum: The bailout, the banking crisis and other economic issues 25-06-2014, 04:54 PM
Replies: 82
Views: 4,030
Posted By T McGibney
Not scurrilous but 100% true, as anyone working...

Not scurrilous but 100% true, as anyone working in the tax compliance industry will readily confirm to you if you ask them.

The Revenue lists are lists of defaulters, ie those who file incorrect...
Forum: Askaboutbusiness 25-06-2014, 09:39 AM
Replies: 62
Views: 13,747
Posted By T McGibney
From what I've seen and heard of since the...

From what I've seen and heard of since the Revenue Contractors Project started 17-odd months ago, a lot of the more basic mistakes made by contractors have been on foot of what I'd call "pub advice".
Forum: The bailout, the banking crisis and other economic issues 24-06-2014, 04:13 PM
Replies: 82
Views: 4,030
Posted By T McGibney
At last someone said this!

At last someone said this!
Forum: Banking, credit cards, etc 19-06-2014, 05:43 PM
Replies: 9
Views: 662
Posted By T McGibney
You could maybe ask the credit card provider to...

You could maybe ask the credit card provider to refund the interest which became due because to the mixup.
Forum: Askaboutbusiness 19-06-2014, 04:39 PM
Replies: 3
Views: 474
Posted By T McGibney
He doesn't actually. He simply lends the money in...

He doesn't actually. He simply lends the money in turn to the company and, all going well, the company repays him and he repays the OP.
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