I have always found Kashflow to be very poor. I still have one client on it and download stuff from it to VT!!!
Hoping to get rid if it on client's year end 31 Mar.
Shame as I use their Accounts Production and Corporation Tax both of which are good.
I had a similar situation but in that case the previous business was registered after the transfer due to Hmrc investigation.
The new business had registered after hitting the Vat threshold.
HMRC then back-dated the new business' registration to day 1 of their trading. They added interest and penalties for not registering on time.
See Deezer case https://library.croneri.co.uk/cch_uk/bvc/2017-tc-05691
Do not use Kashflow. Even after you have somehow managed to import your banking you will then not be able to do a bank reconciliation.
I still have one client using it and am thinking of resigning just to get away from it.
HMRC can stop its dissolution. This would normally happen about a week after the First Gazette notice.
If this happens you will need to do the Corporation Tax, Vat Return etc to get up to date.
Maybe there is not enough advertising by HMRC- has any client has heard of Spotlights?
I had a client recently fall for a "Advance against a potential future bonus" scheme (whereby monies paid Gross and only a small salary was taxed) provided by umbrella company Gateway Resources.
My answers
I have always found Kashflow to be very poor. I still have one client on it and download stuff from it to VT!!!
Hoping to get rid if it on client's year end 31 Mar.
Shame as I use their Accounts Production and Corporation Tax both of which are good.
I had a similar situation but in that case the previous business was registered after the transfer due to Hmrc investigation.
The new business had registered after hitting the Vat threshold.
HMRC then back-dated the new business' registration to day 1 of their trading. They added interest and penalties for not registering on time.
See Deezer case
https://library.croneri.co.uk/cch_uk/bvc/2017-tc-05691
Do not use Kashflow. Even after you have somehow managed to import your banking you will then not be able to do a bank reconciliation.
I still have one client using it and am thinking of resigning just to get away from it.
HMRC can stop its dissolution. This would normally happen about a week after the First Gazette notice.
If this happens you will need to do the Corporation Tax, Vat Return etc to get up to date.
At least AW71 and DJKL did not say it takes zero time to process 100 payrolls with NEST Pensions It also does not takes zero level of knowledge.
Value pricing
If you guys want to give away your valuable services for free maybe you should listen to a webinar by AVN and get richer.
Sxguy, thanks for the perspective.
Anyone else who did not charge more when AE was introduced, thats just bizarre.
Maybe there is not enough advertising by HMRC- has any client has heard of Spotlights?
I had a client recently fall for a "Advance against a potential future bonus" scheme (whereby monies paid Gross and only a small salary was taxed) provided by umbrella company Gateway Resources.
I think he has saved VAT £54,000 on the purchase and will now be gradually paying it back.
Has your client any other business interests. Is there any chance of using the partial-exemption mentioned by Neil Warren on 30th April?
Webinar yesterday from HMRC:-
The Direct Debit timing is a Banking issue not a HMRC issue. Banks need 5 days to process Direct Debit instructions.
To clarify its VT book-keeping into BTCSoftware Accounts Production.