tony lecart
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CT600 Software

CT600 Software

I have just learned belatedly that I need to use commercial software for year ends

from 1/1/2016.

Can someone please recommend easy to use, not too expensive software, only for CT600 submissions, and not linked to accounts.

I only have 10 company clients, and retired, so nothing too complicated please. Also it needs to make return to Companies House.

Many thanks

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04th Mar 2016 15:41

I use IRIS which I'm sure you don't want

but I keep hearing good things about taxfiler and you're operation is small enough to be covered by their £10 a month plan, if that's inexpensive enough.

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04th Mar 2016 15:46

Tax Filer

Hi Tony,

We actually use IRIS as a practice however, I believe Taxfiler would be ideal for what you need.

Cloud based software, paid via a monthly fee.

Very very user friendly.

Many thanks,

Dale.

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04th Mar 2016 15:46

Taxfiler

I have used it since I set up my practice just over 2 years ago - very easy to use, low monthly fee and as said above, the £10+VAT per month option gives you 50 returns per year of any type, including CT600.

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04th Mar 2016 15:50

You can do wonders with a cotton reel, a paperclip, an elastic band and a cocktail stick.

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04th Mar 2016 18:14

Tell me more

Portia Nina Levin wrote:
You can do wonders with a cotton reel, a paperclip, an elastic band and a cocktail stick.

Sounds like my preferred kind of low-tech software.

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04th Mar 2016 16:13


Thanks All, I will give TaxFiler a call.

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04th Mar 2016 16:57

I have not been able to speak to anyone at TaxFiler, have to submit Email. I should mention that I produce final accounts using Excel and all accounts schedules for client info only.

I then enter on C600 manually and check that I have done tax calculation correctly. I do not want to produce accounts on linked software. The £!2 monthly fee is also for self employed which I do not need, just CT600 on its own.

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04th Mar 2016 18:17

Worth arguing about ?

tony lecart wrote:

I have not been able to speak to anyone at TaxFiler, have to submit Email. I should mention that I produce final accounts using Excel and all accounts schedules for client info only.

I then enter on C600 manually and check that I have done tax calculation correctly. I do not want to produce accounts on linked software. The £!2 monthly fee is also for self employed which I do not need, just CT600 on its own.

To be fair, £12 a month, £14.40 a client, it's not big bucks.  Add it to their bill.

Tell your clients HMRC have imposed it on you and to complain to their MPs.

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By JAADAMS
04th Mar 2016 17:11

Try Taxcalc...

- you dont need to buy their accounts solftware

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04th Mar 2016 18:46

FTax:

For the small practitioner who has a limited number of Ltd Co clients, I would recommend Ftax.

They also now include a free "digitisation" service for "Tagging" both accounts and computations with the essential iXBRL taxonomies

One can purchase a one off package for up to 5 clients for just £50 + VAT with no ongoing monthly fees, no forward commitment.

https://www.ftax.co.uk/index.php?action=packages_display&tpl=productPage...

 

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04th Mar 2016 18:46

I am not sure I agree with JAADAMS about not needing the accounts. You cannot submit excel accounts to either HMRC or CH so you need an accounts package to produce IXBRL regardless so surely it makes more sense to do it all in one package?

Frankly if Taxfiler is too expensive at a tenner a month it might be time to speed up your retirement. 

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04th Mar 2016 19:09

No You Don't!

Tim Vane wrote:

I am not sure I agree with JAADAMS about not needing the accounts. You cannot submit excel accounts to either HMRC or CH so you need an accounts package to produce IXBRL regardless so surely it makes more sense to do it all in one package?

Frankly if Taxfiler is too expensive at a tenner a month it might be time to speed up your retirement. 

A number of potential solutions.

Which include a small effective tagging service at just £12 a pop.

http://www.xl2xbrl.co.uk/template.php

Jim who runs Brankin software is a very nice and helpful man.

£10/month X 12 = £120.

Thus Ftax CT600 solution is the best on the market for value.

Before you retire the man off, always remember the old adage.

Older accountants do not retire: they merely fade away...!

In any case, many small practitioners, focus their practice on a speciality: which may well include GPs and Dental Partnership Practices.

With all the problems facing SME Limited Liability Close Companies and Family Businesses, I know many very successful sole practitioners who wouldn't touch company accounts with a very long bargepole!

The arrogant tendency today, is for "Accountants" to do everything: PAYE; AE; Bookkeeping; Charity Work; VAT; et al.

Madness! Jack of all trades: master of none, springs to mind...

Unless it is say a minimum 5 partner practice, who can afford to employ fulltime, a compliance officer and a tax partner; a PAYE whiz and a VAT expert?

 

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04th Mar 2016 20:04

Embarrassing

Michael C Feltham wrote:

The arrogant tendency today, is for "Accountants" to do everything: PAYE; AE; Bookkeeping; Charity Work; VAT; et al.

Madness! Jack of all trades: master of none, springs to mind...

Charities apart, that's what your average businessman is expected to do.

And accountants can't cope, you say ?

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04th Mar 2016 21:31

Really?

lionofludesch wrote:

Michael C Feltham wrote:

The arrogant tendency today, is for "Accountants" to do everything: PAYE; AE; Bookkeeping; Charity Work; VAT; et al.

Madness! Jack of all trades: master of none, springs to mind...

Charities apart, that's what your average businessman is expected to do.

And accountants can't cope, you say ?

 

Thus you are suggesting the "Average Businessman" can deal with all this without any external advice and support?

My considerable experience of and with SMEs, including Sole Traders, Partnerships, and Close Companies would suggest quite the reverse.

And this is all apart from ICT, Employment Law, H & S, Fire Regulations, et al.

Plus, of course any subject-specific compliance issues relative to their area of trade.

Perhaps therefore you are suggesting the average practitioner can competently advise upon all these issues?

Surely; an accountant in practice, is a business: now the whole point of business is to, hopefully, create firstly an income, sufficient to defray the overhead costs, provide a reasonable living for the participant/s, and, hopefully, create wealth for the promoters?

If not, then what's the point?

Ergo, specialism invariably succeeds: rather than generalism, which does not.

Cynically, my considerable experience of "Advisers" today has been, mainly, it is a case of the blind leading the even more blind: as so often, BS baffled brains.

They are, sadly, rarely challenged since Britain, from a business, core competence and true wealth generational perspective is now a nation of amateurs...

 

 

 

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05th Mar 2016 10:16

View

Michael C Feltham wrote:

lionofludesch wrote:

Michael C Feltham wrote:

The arrogant tendency today, is for "Accountants" to do everything: PAYE; AE; Bookkeeping; Charity Work; VAT; et al.

Madness! Jack of all trades: master of none, springs to mind...

Charities apart, that's what your average businessman is expected to do.

And accountants can't cope, you say ?

 

Thus you are suggesting the "Average Businessman" can deal with all this without any external advice and support?

My considerable experience of and with SMEs, including Sole Traders, Partnerships, and Close Companies would suggest quite the reverse.

And this is all apart from ICT, Employment Law, H & S, Fire Regulations, et al.

Plus, of course any subject-specific compliance issues relative to their area of trade.

Perhaps therefore you are suggesting the average practitioner can competently advise upon all these issues?

Surely; an accountant in practice, is a business: now the whole point of business is to, hopefully, create firstly an income, sufficient to defray the overhead costs, provide a reasonable living for the participant/s, and, hopefully, create wealth for the promoters?

If not, then what's the point?

Ergo, specialism invariably succeeds: rather than generalism, which does not.

Cynically, my considerable experience of "Advisers" today has been, mainly, it is a case of the blind leading the even more blind: as so often, BS baffled brains.

They are, sadly, rarely challenged since Britain, from a business, core competence and true wealth generational perspective is now a nation of amateurs...

Well, you're entitled to your view.

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04th Mar 2016 19:02

TaxCalc

Taxcalc is very good i use it for accounts production and all tax filing  and has a pretty good check and send feature.

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04th Mar 2016 19:28

VT + BTC
Can't go wrong with VT for accounts production and BTC for tax returns in my opinion.

I have a Digita licence if anyone is interested!! Not sure if I can transfer it or not but they aren't letting me out!

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04th Mar 2016 21:34

Another vote for Ftax
Really good product

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05th Mar 2016 05:46

@Michael C Feltham

your maths is plain wrong.

ftax plus tagging service = £75 plus £12 x 10 = £195

Taxfiler = 12 x £10 = £120

@OP

you don't need to speak to Taxfiler, it is an online signup process.

 

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07th Mar 2016 13:37

Decided to go with taxfiler for £12 per month. They were very  helpful on the phone, and I like

the presentation and layout that combines Company House Accounts with the CT600. The first attempt did take me a while though, I expect to get better once I have done a few.

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07th Mar 2016 14:45

a wise decision

unbeatable value

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By JAADAMS
08th Mar 2016 18:34

HMRC are insisting on the use of accing packages....

See here...http://www.ion.icaew.com/TaxFaculty/post/More-on-Making-Tax-Digital

While HMRC has said very clearly that it does not want transactional data in the proposed quarterly returns, what it will want is for businesses and self employed people themselves to keep their accounting records digitally. Verbally we are told that using excel is not digital record keeping; it will have to be accounting software

 

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09th Mar 2016 15:25

Not my understanding

JAADAMS wrote:

See here...http://www.ion.icaew.com/TaxFaculty/post/More-on-Making-Tax-Digital

While HMRC has said very clearly that it does not want transactional data in the proposed quarterly returns, what it will want is for businesses and self employed people themselves to keep their accounting records digitally. Verbally we are told that using excel is not digital record keeping; it will have to be accounting software

Whilst I am happy to be corrected,  my understanding was that, in the smaller cases, the taxpayer was free to keep his records as he wished and upload quarterly totals by way of an "app", the details of which are yet to be made available.

It would, of course, be impossible to prohibit taxpayers from keeping their initial records in traditional ways.  HMRC can only control how they are submitted.

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