Member Since: 27th Jan 2011
29th Jul 2021
Don’t Tesla include electricity as part of the deal?. Thought if you charge at a Tesla point it was free.
5th Mar 2018
£60 per year may be a small amount to you. But what about the cost of upgrading computers to run the software and the cost of getting the knowledge to use it. I run a small business that is VAT registered and we have always used paper based accounts, Simplex D, and then entered the required figures online as and when required using the VAT form from HMRC, Self Assesment is done the same and we use HMRC software for our wages. The time required to enter all the figures on a computer is often in, my experience, far longer than a simple manual form. In the 18 plus years that I have been trading there has not been one instance that we have been late submitting. Luddite maybe but if it isn't broken why try and fix it.
28th Sep 2016
I wonder if this is not a case of emperors clothes sold to hmrc by the software companies. Yes we are dealing more and more with hmrc digitally but only because we have to. I would love to know how many of the in excess of 5 million micro businesses currently use an accounting package on their computer or if they are using the free hmrc software available. Personally if they want to roll it out bottom upwards they need to keep it simple. A single page form such as used in the old simplex d books would surfice with hmrc receiving digital bank account details to verify approximate monies in and out. No need for a complicated software package. The usual full set of figures at self assessment time would verify and allow for adjustments for stock, capital allowances etc. If it is good enough when filling in VAT it should be good enough for income tax. Maybe a bit Luddite but there you go!
15th Aug 2016
As usual this is being rolled out by people that do not understand the requirements of a small business. I run a small business that has a turnover just over the VAT threshold. I use simplex d books and convert to self assessment at year end. I am the only full time employee and the extra burden of real time PAYE and the new pension requirements coupled with increases in minimum wage has meant that I no longer employ even part time staff. The time I was spending on administration far out weighed the benefit of having employees. This will be the final straw for many. This and previous governments have always ignored the small businesses out there and digital tax accounts are another erroneous attack on being self employed. To expect me to create quarterly accounts for a retail business is plainly daft. Will I have to stock check, will I have to depreciate or claim capital allowances. What about forward payments for utilities will it be this quarter or next. What about pre season invoicing? My year end is August meaning that the accounting year just ended is not due in the self assessment system until January 2018. How will that work in a quarterly system. Will I have to enter this and last years accounts into the system before the role out of quarterly accounting, when would I enter my final figures? Will the quarters cross accounting years like the VAT? I think it is time for proper consultation with those of us that are running small businesses and not just so called experts from industry and finance.