Start-up Accounting software
You could try Moneysoft's Money Manager. www.Moneysoft.co.uk
Simple book-keeping/ online VAT returns and a fantastic payroll prog.(if required)
I doubt if it would be possible to provide payslips showing a NIL payable amount as the employee would in all probability be due a tax rebate each week, based on a normal cumulative tax code. If the employee was off due to sickness/illness presumably SSP would also kick in.
Well to save an awful lot of soul-searching for the right words in this situation, maybe the OP can wear a conspicously placed brooch in either jacket lapel/dress, bearing the words "I am HIV Positive"
That should keep the wolves at bay. LOL!
VAT Second hand Scheme
Money Manager from Moneysoft (www.Moneysoft.co.uk) will handle VAT S/Hand Scheme no problem and is a doddle to use as is their Final Accounts, as well as their Payroll program being probably the best value for money Payroll program going, these days. Online filing is never a problem with y/e returns etc.
To be or not to be 40%
From the info you have given, ther are two possible scenarios.
a) Salary, possible bonus, + BIK & car = Gross Income for tax purposes. As someone else stated, Interest rec & divs could add to that, if any received. Although both of the latter would have tax deducted at source, in add back they might be re-assessable at higher rate.
b) Same as above but possibility of Gross salary being reduced to give effect to any Pension contributions (if Co has a contributory scheme), which may be compensated in value terms by and if, any bonus paid.
Unless you are in a very high powered company, possibility of Co. Car means that whatever decison you make could be effective for 3 years, assuming car is changed every 3 years.
If so, it is a question of whether the additional tax is worth the difference in prestige to you in comfort or neighbourly oneupmanship, in driving a 2.5i BMW Saloon (if such a model exists?) or a Vauxhall Astra. Also consider whether diesel, LPG or petrol model is best for you.
As for me, I only have to find a home for the remainder of my £161.5 lottery fortune.............we all can dream!
Fixed Assets Register
As you already use Moneysoft, you can see that either Money Manager or Final Accounts does what you're looking for including calculating automatically the gain/loss on disposal.
Have used it for years!
You should bear in mind that the 40p/mile rate ncludes all costs for the vehicle and C/A's arent in addition. You will have to see which is more beneficial to your client - actual + C/A's or the composite rate of 40p/mile. I dont think it is a question of "You can t claim because...." it is a decision you have to make based on favourable/less favourable.
As long as you keep a note of how you arrived at your figure, it is not necessary to explain to the Revenue how you arrived at it, unless there was ever an enquiry into the amount claimed.
You could do a lot worse than trying Moneysoft's Money Manager & Final Accounts, as well as probably the best Payroll program on the planet, Moneysoft's Payroll. http://www.Moneysoft.co.uk
Trial downloads are free to try it out and it is a doddle. Uses programmable Autosave set up at your own timetable and does not become out of date. Does not need to wait for updates like Sage etc. and is within the price range of any small accounting bureau or Sole Practitioner.
I have been using it since 1988 and does all that is required of it with a single line entry per transaction. Reports can be tailored to your own requirements.
That Friday Afternoon Feeling
...If you receive an email from the Department of Health telling you not to eat tinned pork because of swine flu…….ignore it.
It’s just spam!
Changing Payroll Status
Changinf from fortnightly in arrears to monthly in arrear will obviously engender hardship for the employees concerned, so the easiest way to do it would be to offer an interest free loan of a fortnights pay in the first month, with it being deducted over the next 2 months in equal instalments. You should also be aware of the changes to employee contracts in terms of Notice requirements and liabilities, not to mention how you would recoup any such advance of salary, should an employee leave in the interim.
You would have to ensure that your software could cope with a tax free/ni free advance eg a non-taxable loan.
check out Moneysoft Payroll. http:\\www.Moneysoft.co.uk
That will handle all your requirements including Staff contracts and Health& Safety or other directives you may have in place, as well as error and trouble free year end submissions..