Sorry to hear sis is still ill. Is she on the road to recovery ?
Yes RD, livers can recover and she could if she chose improve her diet. She does exercise in the summer, tennis although afterwards they tend to eat junk, drink wine and coffee. When she looses weight she crash diets on prepackaged stuff, slimfast etc, I would rather she juiced and gave up the junk. She says life is too short, nothing I can do to persuade her there are better ways to be healthy.
---------------------------------------- iPad thing sounds like a nightmare and maybe Samsung is the way to go especially for peace of mind.
Something new to learn. Android and the advantages in the comms over time will be enormous.
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The L is being paid to do a job and you should follow their advice Let L deal with all this as you have enough on your plate.
Yes RD, I also help clients with D and S paperwork, we prepare it for them, build spreadsheets and fill in the forms for the L to alter. So I am familiar with it. We are cheaper than an L for this and probably more efficient plus we are often looking at business structures and loans to fund D and S. My cost is 125 and L 250 plus and there is VAT in the UK too, so an L can cost 300 per hour here. It isn't sensible to use an L for 6 hours when one can prepare and get the L to work 2 hours. So its a cost thing.
Re the Fins, what's the issue?
The issue is the paperwork, I havent been able to invoice clients for work done, mainly because the timesheets werent processed by WH and the time done was incorrectly allocated, so work done for one client was ascribed to another. WH set up clients that didn't exist, duplicated them. His paperwork was so poor, new clients didn't have contracts in place, receipts werent processed so i didnt know which clients had paid which bills. Cash payments were in the wrong bank accounts, including personal ones when they should be business.
A real mess, when WH took this over in Feb 2014, it was on the basis that he would do the business admin and I would do the tec stuff for clients. He didn't do this and I am coming to the conclusion that he has deliberately tried to destroy the business as it was healthy and growing.
He also ran the agency payrolls for 12 months and fortunately the problems were all admin and I have resolved them as a priority. He did the CIS and I am currently resolving this.
Frankly for a high fly qualified management accountant, very poor indeed. I have checked everything he did and it has been very depressing.
I always put clients and HMRC first on this. If I go under then it isn't for taking short cuts, all clients will be treated properly and all regulatory work will be done correctly, no shortcuts. WH did no other client work, thank goodness.
Is the company making profit of at least not losing?
it was profitable and paid the bills until WH took over the admin and accounting. The WIP will make a profit.
Is the issue cash flow?
Yes, the issue is cashflow. I havent felt confident with the timesheet allocations that WH did so this is something I have had to review. Until I am sure its correct then I wont invoice, if there is any doubt it is in the clients favour.
Plus since clients are duplicated then time is all over the place, once I have invoiced I cant then re-invoice if time is missed. WH didn't ask for cash on account for new clients, and didnt chase outstanding debtors, even those from before he took over. I have obviously invoiced for stand alone jobs which I completed, such as probate and investigations.
You've shown us you are a demon with the numbers so what's needed ?
Reconciliations and review so I can invoice. its all admin, not high fly at all. Some clients haven't been invoiced for two sets of tax returns or accounts. WH didn't do it and in the end said "I am not doing any boring work", in the meanwhile time marches on so we are looking at 3 years worth soon. Of course its in WIP. In a way its a good thing as at least I can invoice and the money isn't spent by WH. The other issue is that WH didnt follow the new client process as laid down by our institute and I have had to report the breach and put a plan in place to rectify it. Until it is I daren't take on new clients. WH didn't revise the contracts last year as required, he demanded I rewrite them which I did, said I didnt have the 'process' documented for him to flow. When I did he said that I wasnt delegating and insulted me. A spreadsheet he constructed appears to suggest he did do the work but the files show differently. The new contracts are with an L and can be issued soon, and that is a huge admin cost as WH didn't update the client work databases when new clients or work came along.
We may have done work for clients that haven't had contract updates for the work involved. if I invoice before that's done then I may not be insured under my PI insurance.
The only good thing is that I kept the money laundering under tight control and because no invoices and contracts have been issued then no cash has changed hands. Its a mess, whenever I tried to review WH would throw a rant and insult me, or not turn up. I froze. At least it is only a fifteen month period.
Cash flow or more customers?
Cashflow, I am turning customers away, we have a waiting list of 10 customers. We will lose them soon as their tax returns need to be done.
Can expenses be reduced?
I hope to move into my own offices and am using the pension fund assets to do it. This will reduce the value of the Pension Fund for the D too.
I laid off three staff in order to save cost but ended up doing the work myself. I work about 90 hours a week. Most of it is rectification work, I feel it is so sensitive that I need to check everything myself. It is going to be right and valid.
If WH had been other than a director and shareholder then I would have implemented controls as I do in other areas. WH was so abusive whenever I wanted a review that I ceased to check. When I did he threw his toys out of the pram, I had no boundaries and was weak. I am taking responsibility for my part in this and its uncomfortable to do.
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As for feeling stupid, I have to use some harsh words here, your a decent, kind, intelligent, compassionate person, why would you be looking for signs of abuse and you loved this man so certain traits ( to put it kindly ) he had, you accepted or rationalised. Does that make you stupid ?
Of course not, it makes you normal so please move on from that. You beating yourself with a stick that almost anyone on this planet could use.
I know some of this intellectually although spiritually I lose connection with my higher power sometimes tempoarily, the feelings of trauma are still there.
I decided to be authentic on this RD, otherwise I think sometimes it looks to others as if it is easy and that strength is innate. It isn't like that. To me it is important that the truth is out there, that my journey shows the ups and downs, the triumphs and the struggles.
You are very kind, loving man RD, although this experience has brought me down to earth with a bump. WH is such a sad destructive soul, I would he were healed for his own sake and for those he comes into contact with. I hope his higher spirit reaches him and that he grows into his potential. I can only keep projecting this for him. I will not be abused, and WH and I are to move on. My journey is a different path.
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You seem so down lovely V , would you please consider a trip to visit Glam Sis I think it would do you and sis the world of good. These times are so hard and we have no choice but to seek a way to deal with them. You are so kind to so many on here and you need some of that kindness for yourself.
I agree, I am traumatised rather than depressed sometimes and overwhelmed by the damage that WH did in such a short time, although Glam Sis and I talk every day. She would like to come and help, if I could delegate I would. There will be a time when I have caught up and I can delegate. ------------------------------------------
What's happened to the GAL of late?
I still GAL, mainly work GAL. I gamanon every Tueday and orange Wenesday with films. My GAL score is about 20. I do monitor it.
Are we still tripping the light fantastic with the dancing?
Not at the moment, although I plan to let myself go dancing again from November to January as a reward! ---------------------------------------------------- Come on Vanillia , many of us on here use you as a guiding light and let the light reflect back.
That is so sweet to say, I confess that often when I read posts I see some very lovely things being said and since the abuse I have been a hole in the doughnut person recently. To my deep regret I often don't thank others on their threads for their postivity and I can choose in future to embrace that. A 180 is coming. ----------------------------------------
You are worth so much more than this cr@p and it will be over one day and you will be in the red convertible, cruising along the sea front without a care in the world (only which bottle of white to open when you decide to head home).
Life will be good and this chapter on your life will be a entitled, Another challenge completed. You will get though this because you can, you've had a life of ups and downs and this is a down. Lets remember all the ups.
I often remember the way you post re H1 (sorry that's a terrible way to name him) and it always makes me feel good. I would love to have met you as a couple, I bet it was magical. There was a huge up in your life and there will be plenty more.
Love shows doesn't it even through these strange posting windows. I read the love you have for your children. It was your thread RD that gave me the courage to join the board. So I am glad that H1 (its the board convention), is providing comfort to you, it would give him great pleasure and joy to know that, so I thank you for him and in his memory. The anniversary of his death is on the 17th December, the same day I lost my little girl and my cat Big G died, so I will celebrate the love on that date with you. ---------------------------------------- Take care special lady, post often so you many friends on here can offer some support Rd. xxxx
Now I have my Samsung I will!
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Enough back to posting on my ledger!!!!!
Tons of love and rainbow strength
V
Freedom is just another word for nothing left to loose. V 64, WAW
