Harsh but true:-)
I think Sage is facing a Kodak/Blackberry moment, I've never liked its products anyway, QuickBooks Desktop and QBO are much better than Sage equivalents.
QBO is much better (in my opinion) than Xero too. Xero support is e-mail only v QBO phone support and the Xero reporting is very limited v QBO.
I had the opposite problem, find things easy to correct on QBO, a nightmare on Xero to correct. Plus Xero support is e-mail only and takes more than a day to respond, whereas QBO is telephone support and they have normally been able to resolve queries over the phone or by screen share. Also, Xero reporting is very poor compared with QBO.
I've had no real problems with bank feeds on QBO, although there was a period a while back when there were issues due to some banks changing their permission requirements.
Neither are perfect, but QBO is my preference for use as a bookkeeping tool.
Anyone moving from QBO to Xero is likely to regret it. QBO has, amongst other things, much better support (including telephone support, instead of waiting 24 hours for Xero support to e-mail the wrong answer, having to e-mail again, wait another 24 hours, etc.) and much better reporting. We use both QBO and Xero and would always recommend QBO over Xero to most of our clients.
I suppose it depends on what you are used to, I find reporting very weak on Xero v QBO, QBO has ability to batch reassign transactions - can't find this on Xero and QBO has phone support so I get immediate response, whereas Xero support is e-mail only and I've found it slow and half the time they don't answer the query satisfactorily, so it can take days to get a query resolved.
Our preference is QBO, we find Xero extremely inflexible and when clients make mistakes it is very cumbersome and time consuming to adjust. In addition, Xero's (and Kashflow's) e-mail only support is absolutely hopeless, it can take days to get a solution, whereas QBO's telephone support is, on the whole very fast, with things being solved immediately by phone and screen share, plus much easier to adjust client errors on QBO.
Either way, these are bookkeeping programs and best not used for anything other than very simple accounts and tax returns.
Precisely what useful information do HMRC expect to get from MTD? And, more to the point, what will they be able to do with it? HMRC is already resource stretched and systems are hopeless. RTI still doesn't work properly!
Not a threat or opportunity, just waste of time (along with MTD) for something nobody I know in a personal or business capacity has asked for.
I'm too busy sorting out GDPR problems (encrypted payslips, reports, etc) to do any marketing. In any case all my work is word of mouth.
It's a travesty that charities and those that employ their own carers direct are not exempt from this about turn in policy. In fact a far fairer approach would be to say from the date of the ruling the new interpretation will apply, rather than backdating. As usual, it is the private sector that picks up the bill, without ability to recover from local authorities and government.
In my opinion, local authorities should be forced to be the employer and shouldn't pass the buck to agencies. My understanding is that carers get no pay between jobs i.e. when driving from 'employment' with one person on their rota to 'employment' with the next person on their rota and I'm not even sure they get mileage to cover their car costs. It's a disgrace, carers should get a decent hourly rate for the work that even relatives don't want to do.
Sounds attractive in some ways, but doesn't seem to offer an awful lot more than software with direct bank feeds and may well have limited reporting, editing, etc.
Also, slightly concerned that clients might decide that they can just 'do it themselves' and that the bank might market as such. Doesn't really affect me because clients appreciate the added value I provide, but might mean less proactive accountants may not be willing to recommend it.