Cake and eat it
I like your idea Vaughan - with the company as partner in the business, we get tow accountancy fees instead of one!
Don't let the tax tail wag the dog!
From a purely tax view point, it's still worth in corporating if the extra accountancy fee is not to big.
But there are other considerations than tax - and in my view, anyone who employs staff (and especially small businesses) really should be incorporated as a protection against the horrendous claims that a disgruntled ex-employee could rightly or wrongly bring against them!
Are Discretionary Will Trusts affected?
I'm confused by all this!
Can anyone tell me if Discretionary Will Trusts are affected?
What's the alternative to excel
I use Visual Transaction as our bookeeping program and export the TB into management accounts set up on excel.
I find this flexible and convneient, although I am aware that I must be very careful to check that the excel formulae are correct.
If anyone has ideas for a cost effective and easy to use alternative, I'd be very interested.
Same goes for budgeting, where I use excel spreadsheets. Don't mention SAGE Forecasting as an alternaive -- I didn't get on with it at all. Any other suggestions to flexible, cost efficeint and user friently budgeting tools would be very welcome.