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What a week!

13th Apr 2013
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Ok, feeling pleased today.

P35’s almost done.

Lots of director only payrolls all sorted for RTI.

Getting to grips with BTC, four self- assessment tax returns submitted.

This included two for new clients where just by amending the returns submitted by their old accountant, using more accurate POA’s (based on draft accounts), they’ll get a combined £8k rebate.

I continue to be surprised by the number of accountants who do not ask clients about current year business performance before finalising the previous year’s tax return and the POA’s. It’s such an easy way – doing it properly of course – to impress a client by reducing their tax bill.

Two new prospects to see and hopefully sign up next week, one more the following week.

And, even better – just got a s419 ICTA approved and all sorted after 12 months of negotiating with HMRC. Client is now £17k better off.

All in all a pretty good week.

Oh, I almost forgot two FPS submissions made, very straightforward - have I missed something, but RTI despite all the commotion doesn’t seem that bad.

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Replies (11)

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By ShirleyM
14th Apr 2013 10:53

Well done KA

We don't do any payroll, and I have never been happier about it :)

It's that time of year where I renew my software, and I am swapping to BTC software next week, so will be busy transferring data & getting used to the software. I'm sticking with VT, which just gets better & better.

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By papalazarou
14th Apr 2013 20:33

Shirley

Not to hijack the MoK blog but what made you decide to ditch taxcalc/go with BTC?

As you know I am currently looking at different software and would really appreciate knowing your reason(s). I have looked at all of the BTC demo videos and it does look good especially now I have decided on VT but it would be great to understand your thinking as it will probably make my decision easier. 

Thanks

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Man of Kent
By Kent accountant
14th Apr 2013 20:41

Blimey!

Shirley - what happened, is the new format Taxcalc that bad?

Papalazarou - I was with Taxcalc and was happy with the format, mind you I didn't really know much else at the time.

Now with BTC I much prefer the format, particularly for the preparation of a SA100.

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By ShirleyM
14th Apr 2013 20:53

@papalazarou

Partly, it is the TaxCalc hub. If the tax part of TaxCalc could have been used as standalone I would probably have stuck with it. In it's current state, the hub is still a WIP and I guess there will be many updates rolled out over the next year or so.

The BTC Practice Management is optional, but I will probably give it a try. Monthly payments are a bonus, too.  :)

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Red Leader
By Red Leader
15th Apr 2013 11:16

RTI

The issue with RTI for me is the one man limited companies with £641 per month salaries. These now require a submission every month. Not a great deal more work, but more nevertheless.

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Replying to Duggimon:
Man of Kent
By Kent accountant
15th Apr 2013 12:31

Not much more

Red Leader wrote:

The issue with RTI for me is the one man limited companies with £641 per month salaries. These now require a submission every month. Not a great deal more work, but more nevertheless.


But IMO it's worth £8 a month.
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By redman7
15th Apr 2013 17:00

BTC

I've also just moved over to BTC 

The TaxCalc Hub change was the final straw. I hated the accounts production when I tried it. I like the BTC product, really like the CRM, and like the enhanced integration the CT module has with VT compared to TaxCalc.

It's costing me more, but I feel like I'm setup to manage a growing practice now :-)

RM

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Replying to stepurhan:
Red Leader
By Red Leader
16th Apr 2013 11:17

Whaddya mean "what a week!" ?

You haven't even considered buying a franchise or reading any self-help books! Pull your finger out!

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Replying to katelou1se:
Man of Kent
By Kent accountant
16th Apr 2013 13:34

Doh!

Red Leader wrote:

You haven't even considered buying a franchise or reading any self-help books! Pull your finger out!

What was I thinking!?!?!

I am getting bombarded by xero though telling me how I MUST go and see Paul Dunn speak...

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By petersaxton
16th Apr 2013 13:35

Kent is "old school"

Accounts, tax and payroll. No dramas.

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Replying to the_fishmonger:
Man of Kent
By Kent accountant
16th Apr 2013 14:54

KISS

petersaxton wrote:

Accounts, tax and payroll. No dramas.

 

Quite right, I keep telling myself K.I.S.S.

Keep It Simple Stupid

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