- Location
- South Wales UK
The next plan is self assessments and other taxes Digital so the ongoing mission to grind us down continues?
Make Tax Digital Software Poll
- Thread starter Still Farming
- Start date
https://app.comsci.co.uk/doc/100PcVatFreeBridgeGuide/tutorial.html
I'm going to try this bridging software ?
I have a good Excel accounting system and resent having to pay a monthly scam just to keep Mr VAT happy
Any reason i shouldn't?
I'm going to try this bridging software ?
I have a good Excel accounting system and resent having to pay a monthly scam just to keep Mr VAT happy
Any reason i shouldn't?
Nat West customers get it free , I use free agent costs £20 / year , no need to upload invoices
- Location
- South Wales UK
Any other banks??
Don't know , I bank there but wasn't uploading all that crap .
Thats what i use,after a lot of messing about and expense with Quickbooks.Absolute revelation after QB, seems very logical and simple,highly recommend.
gone up the hill
Member
- Location
- Devon
The plan is for everyone self employed to have to submit full accounts/ returns every 3 months instead of just once a year is it not from 2024 onwards?
Yes most banks offering some sort of free MTD package.
Nick Adams
Member
- Location
- Ashbourne, Derbyshire
Anyone use or even heard of Border Software??
As a small very low input farmer I've managed perfectly well with paper cash sheets for thirty years, having previously used Total Farm Business from Genus (now Promar) as I worked for them. I'm starting to think a quarterly envelope to the accountant might be the cheapest and most efficient way of doing things. They've quoted me £216 + vat pa for Sage, I've then got to do the job and learn how to use it.
I like to do everything myself, but I use contractors when i need their expertise/kit. Same principle really.
As a small very low input farmer I've managed perfectly well with paper cash sheets for thirty years, having previously used Total Farm Business from Genus (now Promar) as I worked for them. I'm starting to think a quarterly envelope to the accountant might be the cheapest and most efficient way of doing things. They've quoted me £216 + vat pa for Sage, I've then got to do the job and learn how to use it.
I like to do everything myself, but I use contractors when i need their expertise/kit. Same principle really.
- Location
- South Wales UK
Got to be on HMRC APPROVED list?
Is it???
- Location
- South Wales UK
We are all the same.
Right trap and con and license to print money for OTHERS.
Easier if we drop vat but all self assessments heading this way soon too.
Does our head in as so small and simple accounts.
Nick Adams
Member
- Location
- Ashbourne, Derbyshire
Probably not as obviously a small specialist concern.
Nick Adams
Member
- Location
- Ashbourne, Derbyshire
Correct. Spending time and money not being productive.
A mechanic told me he was cutting down on paperwork.
He gets customers to pay direct for parts and does more jobs for cash!!
Just had a look oh HMRC's website, https://www.gov.uk/government/news/...text=In July 2020, it was,to take to be ready. and it appears Xero's comments may be out of date.
Been using Tax Optimiser for over 12 months - Excel spreadsheet then upload to HMRC - very easy to use and cheap 
Free for first 12 months
www.taxoptimiser.co.uk
Free for first 12 monthstax optimiser | Free MTD - Making Tax Digital Excel Bridging VAT Returns
Tax Optimiser provides for a bridging tool that allows accountants to upload VAT through an excel spreadsheet and allows bulk sending using Xero and Quickbooks
www.taxoptimiser.co.uk
- Location
- Montgomeryshire
I’m pretty sure the Border Software program is MTD compliant (I’d be staggered if it wasn’t), but it’s not an ‘accounts’ program. It’s a good management program for beef and sheep farms, with the accounts bit bolted on. I wouldn’t consider it as solely an accounts program.
Avoid Sage like the plague imo. Have a free demo of Xero and/or QuickBooks and see which you prefer. They both do cut price versions if your accounts are very simple.
As for paying your accountant to do it, that’s not cheap either. The benefit of doing your own book keeping is that you always know exactly how things are looking.
Timbo
Member
- Location
- Gods County
Yes. I use their FarmIT for livestock and find it excellant. I dont use the sheep nor accounts side of the software though. It is MTD compliant tho.
this bridging software is free ---bank or no bank
scavinge
Member
- Location
- kent downs
I've gone with "My tax digital" free bridging software. Have done one Return so far with aid of online tutorial video.
My accounts are on excel 2010 with no accountant. I am just hoping its going to get easier and quicker each month.
My accounts are on excel 2010 with no accountant. I am just hoping its going to get easier and quicker each month.