- Location
- South Wales UK
Looks like HMRC are starting to do "roadshows", and group meetings about their digital changes and conquest to be the first in the World to do so ?
Received email about one today .
Received email about one today .
new VAT filing.
- Thread starter johnspeehs
- Start date
- Location
- Montgomeryshire
Log into it and give it a go. Theres a 14day trial with it. And i think it will export to a spreadsheet.Do you deal with Charlies? It would be interesting to see what it made of their invoices....
- Location
- Portsmouth
I used receipt bank for a while but went back to just using Xero as didn't find it much of an improvement
- Location
- Portsmouth
Lots of accountants use Xero or QuickBooks, some are partnering with both, ask them to help setup your account, it's not a massive job.
- Location
- Somerset UK
With any serious solar flare or EMP it will be more like the middle ages.
Those of you who feel that you will struggle with more formal accountancy systems might well consider finding a book-keeper. There are many around who have experience and qualifications, having worked for chartered accountants prior to childraising, who undertake small company accounts, often to work from home semi time. They tend to warrant £12-£15 hour, much less than the accountants rate and, arguably, cheaper than a farmers 'out of hours rate' !
Most smaller business proprietors would benefit in spending more 'quiet time' on their business,not 'in' their business.
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Most smaller business proprietors would benefit in spending more 'quiet time' on their business,not 'in' their business.
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Timbo
Member
- Location
- Gods County
There will be many farms, who are in this boat- forced to produce digitised accounts, but who aren't bothered how, or just aren't computer literate enough to try.
Suspect several agents will suddenly add that service to their portfolio of services, just like they did when SPS/ BPS came along.
Steevo
Member
- Location
- Gloucestershire
Cue discussion on suppliers knowing farmers profits and setting prices accordingly....
- Location
- Montgomeryshire
Maybe so, but I consider it valuable to know exactly where my finances are at any given point, and being in charge of what is paid/whether an invoice is correct.
I tried (bought) Quick books a few years ago. Gave up on them and wrote my own software. Biggest problem was that the vat on invoices is not always the exact percentage which then requires a lot of messing about.
Why not just put in the vat amount as per invoice. That's what you have been charged, and what the supplier will have to give to HMRC, so what you should reclaim.
Just after I bought QB they decided not to sell in UK any more! Looks like they are back.
Why not just put in the vat amount as per invoice. That's what you have been charged, and what the supplier will have to give to HMRC, so what you should reclaim.
Just after I bought QB they decided not to sell in UK any more! Looks like they are back.
So do you cost up a purchase before ordering?
Do you read invoices when received? Do you monitor your bank balances on a daily basis?
This is control of your business, together with monitoring debtors, creditors, correspondance etc.
That is the basis upon which you would instruct such a bookkeeper. You can be captain of a ship without oiling the engine and scrubbing the decks.
- Location
- Montgomeryshire
Yes, apart from monitoring my bank balance every day. I do know pretty closely where it will be though, at any given point. That said, HSBC seem to have opted me in to daily texts with my balance & payments in/out every morning lately. They must be more worried than me.
To instruct a bookkeeper to do all of the above, they'd want to be doing a few hours a week for a business at £12-15/hr. Good luck to them, no doubt it suits many businesses. I just prefer to effectively pay myself that £12-15/hr and be on top o things myself.
cattleman123
Member
- Location
- devon
I called HMRC VAT yesterday for an exception...they said they have not finalised anything as yet ...seems it could be another government shambles
matthew
Member
- Location
- Cornwall, SW England
An accountant (not ours- old or new) has told her family not to do anything at all, as 'it won't happen'.
'It' being this making tax digital.
Can't say whether that's true or not, but with a crash out B word getting more likely, altering our VAT submmissions to a differnet platform will be the least of HMRC's worries when dealing with cross border VAT and exEU trading partners.
Did anyone see the report from an irate gentleman on the box this week, who'd had a secure cloud based storage for his many photos? They'd vanished and no one knew where they were or how to retrieve them.
I'm keeping my ledgers going at the moment, as back up as well as for comparison.
Cowabunga
Member
- Location
- Ceredigion,Wales
The Cloud is an excellent way of doing business and keeping back-ups of your local records. However lots of the stuff you take for granted everyday is actually Cloud based and only Cloud based. Stuff like your BCMS movement records and passports only have a physical back-up while VAT and your dealings with Government are almost entirely dependent on the cloud to produce any paper it generates.
The Cloud is just a storage system and programs that are at the other end of the phone line rather than your end. The best of these great big memory banks are backed up two or three times at different geographical locations.
Top worries of mine would be the Cloud storage company being seriously compromised, but I have nothing that sensitive stored.
Then there's a physical or electronic failure that wipes it. Not likely with several copies at different locations.
More possible is that the storage company goes bust and stops access to that Cloud, or some malicious code is introduced.
Biggest short term nuisance is access when phone lines, physical and mobile are down. Not so critical for back-up storage but much more so for programs that actually run on that Cloud and not on your device. I have banking apps that work that way and my herd management is Cloud based as well, although I do sync a physical copy of the data to the iPad when I remember.
I use a lot of Evernote and other apps that synchronise between devices too.
On the whole and unless a critical application, its best to let someone else worry about how all this stuff works and whether it will continue to work. Up to now I've had very few, if any, significant problems apart from when the wi-fi and/or phone stop working.
Cowabunga
Member
- Location
- Ceredigion,Wales
This is no more reliant on the Cloud than the way you submit VAT returns currently. You will, if it ever happens, still have the option of using your own computer program on your own machine to record transactions.
What if your own machine is lost in a fire or flood though and your internal backup had not backed up to one of your external backups for a while and both external ones were fried anyway because you did not swap them regularly and had them both by the side of your computer. We all know that at least one copy [swapped at least weekly] should be stored away from the main building and I'm sure you do so currently as per best practice.
Dont disagree with much of that but if I lose stuff thats my fault but if I rely on the cloud etc then its still me that carries the can for their problems despite often paying for it to be safe, also its hard to hack a memory stick. Its the way things are going but i would always want physical records. I won a very expensive planning battle because I had kept a bit of paper the council denied existed anywhere so am vary
Cowabunga
Member
- Location
- Ceredigion,Wales
Actually, hacking memory sticks is one of the most common ways of spreading viruses and indeed of losing sensitive/important data.
Your bit of paper could very easily be scanned into your computer and stored both locally and in the Cloud and found probably with five or six key strokes at most.
kneedeep
Member
- Location
- S W Lancashire
I humbly beg to differ.....Steevo.
If I wasn't in such a 'delicate' position, and wasn't incredibly dependant upon the outcome of over 18 months of total obfuscation and confusion by them, resulting in our accountant upon happening to overhear one of many many phone conversations with HMRC , putting them ' on the clock' for damages and costs, which combined with Ombudsman action, finally resolving an 'electronic tick in a box'....
(RPA are rank amateurs at technology and cockups compared to this lot!)
I might be inclined to 'have a bit of a rant'...........
I simply can't afford to now[emoji6]