A third party is paying my client’s legal costs and has asked for a VAT invoice to be addressed to them. Is this permissible? Date: November 25, 2022 Categories: Billing, COFA/HOFA, VAT Read More
We carry out a lot one-off transactions for clients. However, instead of opening an individual client ledger for each client, we have a general ledger card on which we record the details of each client and the bills and costs received. Is this permissible under the SRA Accounts Rules? Date: November 25, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
Does a bill of costs need to be signed? Date: November 25, 2022 Categories: Billing, COFA/HOFA, VAT Read More
We’ve taken money on account of costs from a client. Does the sending of a bill automatically ‘earmark’ any money held in client account towards part or all of the bill? Date: November 25, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
You’ve received bank interest for money held in the business account. What VAT rate do you select when posting the receipt to the accounts? Date: November 11, 2022 Categories: COFA/HOFA, VAT Read More
You’ve received bank interest for money held in the client account. What VAT rate do you select when posting the receipt to the accounts? Date: November 11, 2022 Categories: COFA/HOFA, VAT Read More
What constitutes to be a serious breach of the SRA Accounts Rules? Date: September 22, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
Who should check and sign the client bank reconciliation? Date: September 15, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
Is it permissible to issue the client with a bill of costs for an unpaid, not yet incurred, disbursement? Date: September 14, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
Can we place client money on fixed-term client deposit account? Date: September 7, 2022 Categories: COFA/HOFA, SRA Accounts Rules Read More
Do I need to account for VAT on costs and interest awarded by the court for pursuing a bad debt? Date: September 7, 2022 Categories: Billing, COFA/HOFA, VAT Read More
Can I pass the costs of conducting client due diligence under the money laundering regulations on to my client? Date: September 6, 2022 Categories: AML, Billing, COFA/HOFA, SRA Accounts Rules, VAT Read More
