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Aly

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Posts posted by Aly

  1. A good article abt the differences between UK and French accountanats

    http://www.connexionfrance.com/keep-auditors-and-accountants-apart-10220-news-article.html

    After several inquiries I opted for a local accountant, he was alot infact a fraction of the cost of the so called bilingual accountant. He had no problems dealing correctly with rental or UK interest.

  2. I agree with most comments. The other factor is that most of us purchased older properties and then spent time and money renovating them.

    These renovations add little to property values. The factors that drive the market back home, character, views, style, decor have little value in most places in France here the locals prefer a new build on a small estate. It will be interesting to see if prices fall further in the coming months.

  3. I would recommend getting financial advise particularly if you have any assets so you can make an informed decision if France is right for you.

    My recommendations  are  PKF Guernsey - very good or  Sykes Andersen. Both have websites.

    What you should look for in my opinion is one off independent advise and not someone who wants to invest for you in various so called tax saving schemes.

    I would check search engine for previous recommendations too

  4. [quote user="Babbles"]At the moment the majority of my income is from the UK business so its best to use my tax allowance there and makes for very simple accounts in France and yes you can be a non resident auto entrepreneur, I didn't think you could but my account assures me you can.

    If I want to up the drinks license to be able to charge for wine separately I then can't be an auto entrepreneur but when I'm full time here in France that's the time to make the switch , also when there is a divorce settlement. but right now we're being as tax efficient as we can be

    And forgot to say it makes for big savings on accountancy fees[/quote]

    Thats really interesting with the drinks license. Is it also possible to do Micro Bic as a non resident. I am impressed how do you manage to run a B&B as a non resident.

  5. The French FM has asked for the ESM and ESFS funds to be increased. I think this is now the beginning of the end for the Euro zone.

    I think the French are now panicking that if Spain goes its France next. Why else would they take on such huge debts.They are the second biggest contributors to these funds. Please don't say its solidarity! More like self preservation.

    The IMF has refused to give any more money to Greece as they are not complying with the troikas rules.If Greece leaves the Euro France and Germany will have to write off the lions share of 80 billion.  Even little Cyprus now has a debt of several billion with its population of 750.000.Countries like Spain and Cyprus will be borrowing funds at 6 - 7 percent to fund these bodies so that they in turn can loan money at lower rates.  Madness!!! It will be interesting to see what the Finns, Dutch and Germans and some of the other states do.

  6. Sweet, I was discussing the French system not he Brutish or the German or the Spanish. True the British system has many faults but the French system and officialdom is vast and very difficult to challenge. The complaints procedures are ineffective, management and supervision is poor because the workforce are heavily unionised and introducing change or good practice is very difficult. Everything here needs to be done by registered post be it in the private sector or public. This is  because staff dealing with complaints are not trusted and post goes missing.We were even told at the Post office that some agencies will say that the envelopes were empty when delivered and we should create an envelope from the letter if we want to be certain of a response. My solicitor wrote a letter to the tax office in Bercy it took 18 months for a reply. It is common practice for French agencies to wrongly date correspondence so it appears that they responded  within proper time frames

    Fines are severe even when the mistake is not yours. Contracts are biased towards the provider and not the customer and customer service is poor and expensive, especially when they charge you to call for a fault that is not your doing. French bureaucracies inefficiency is well known around the world but especially amongst the French. And yes there are many things I love about France but criticism is also about wanting change and improvement.

  7. Eric your probably right, but not everyone is able to respond in that way without worrying about it.. These authorities can also fine you and somthing minor then becomes an even bigger issue. Try the mediateur. in the first instance perhaps that might help, you may get someone who is helpful. As for me l am afraid I have little confidence in french bureacracy.

  8. [quote user="NormanH"]Since my contract is 'sans engagement' it would be hard for it to be easier to terminate..

    [/quote]

    I am afraid having experinced problems with cancelling or trying to switch providers for  insurance, internet and others. I am not so optimistic. Its a shame consumer rights and protection mean so little but if people feel its fair outcome to protect jobs and its the French way  then who am  l to argue.

  9. I think its a pretty safe bet to assume the economy will not grow and that they are being  way over optimistic.

    It looks like Hollande's only so called success the European stability Mechanism is also collapsing. The Germans have held the whole thing up possibly for several months in their Constitutional court. The Finns and Dutch are now threatening to veto any payments and are demanding collateral, with the Finns threatening to leave the Euro area entirely. Enterprise is a bad concept in the eyes of the left in France and needs to be taxed as do all the greedy people with second homes. So where will growth from, lets hope the functionaries can afford all the new French cars..

  10. [quote user="HoneySuckleDreams"]

    [quote user="Aly"]

    PM says that they will go to war against tax dogers or frauisters. This is a super nanny state after all. .

    [/quote]

    Does that include all the french artisans who trouser a considerable sum by working on the black? There are considerable more people who don't declare the correct amount of earnings than are non-resident second home owners. Or will the artisans start bleating that he's picking on them when he should be screwing the "rich"

    [/quote]

    There is little to support small enterprise. Impossible to hire staff and tax and contributions that makes working and earning to much unprofitable.

    The only ones the govt support are the state workers. Who willl be added to in number.

    They are also going to save the french car industry - to be announced nexet week, probably by using EU funds. The fact that they are non competitive is not important.British Leyland and the seventies.

  11. Well the authorities could ask the British revenue to share info on all your assets, they can prosecute. The tax office can fine you.They are far less understanding abt mistakes even when its there own. They can as a final resort confiscate property much in the same way as bailifs do.

  12. [quote user="Russethouse"]Renting must have costs, will these be able to be offset ?

    Even if this goes through I can't think it will profit the French exchequer much, my guess there will be lots of ways round it.......[/quote]

    If you are non resident your min paymant was 20% tax for rented property now as of Jan it will be 35.5%.  Its diffrent for residents as you have mico bic type schemes etc.I am not sure it will be easy to avoid, the PM says that they will go to war against tax dogers or frauisters. This is a super nanny state after all. .

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