I've had this too.
He is due to pay £1500 on Wednesday but currently the account says nil on the GG despite confirming the tax return has been received.
I use Taxcalc for tax returns, Moneysoft for payroll, VT+ for routine bookkeeping when I have to do it (made easy by importing bank csv), and VT final accounts (an Excel add in). All reasonably priced, no need to look anywhere else
PS - may I please have a note of the name of the insurance company that is willing to pay out £2k more than the cost of a van.
It's not unlikely, since Brexit the cost of vans, both new and secondhand, have shot up.
My OH got more than he paid for it on van on the open market 3 years after he bought it brand new.
Of course, I wasn't thinking straight about the CT !
The CT would be nil as its transferred at current market value. So I see key points as:-
a) If he wants to withdraw the funds immediately and if so Dividends? As he can't close the company anyway due to other properties !
b) Having to transfer all of the portfolio into the company and the resulting stamp duty
c) Whether the portolio actually qualifies as a "property letting business" as indicated by Stepurhan.
I use VT and Top Up for many years in one office, which I like very much.
However, I also now work in another office which uses TaxCalc. I haven't had hardly any training on it but have managed to pick it up pretty quickly and like it.
I prefer Top Up for the simplicity but Tax Calc has some nice features on it.
The accounts production I like too. It's not as flexible as VT but again has a nice feel to it and fairly easy to work.
My answers
We use Top Up in our practice - about 350 returns and have had no issues at all.
I also use Tax Calc in another practice and find Top Up easier to use and navigate, although I do like Tax Calc also.
I've had this too.
He is due to pay £1500 on Wednesday but currently the account says nil on the GG despite confirming the tax return has been received.
Thanks for the heads up - I had better check what ours cover.
We use this except Top Up for the tax returns.
It's not unlikely, since Brexit the cost of vans, both new and secondhand, have shot up.
My OH got more than he paid for it on van on the open market 3 years after he bought it brand new.
Of course, I wasn't thinking straight about the CT !
The CT would be nil as its transferred at current market value. So I see key points as:-
a) If he wants to withdraw the funds immediately and if so Dividends? As he can't close the company anyway due to other properties !
b) Having to transfer all of the portfolio into the company and the resulting stamp duty
c) Whether the portolio actually qualifies as a "property letting business" as indicated by Stepurhan.
Surely it quicker just to enter the invoices.
It’s extremely quick to manually enter on VT unlike cloud based software.
I use VT and Top Up for many years in one office, which I like very much.
However, I also now work in another office which uses TaxCalc. I haven't had hardly any training on it but have managed to pick it up pretty quickly and like it.
I prefer Top Up for the simplicity but Tax Calc has some nice features on it.
The accounts production I like too. It's not as flexible as VT but again has a nice feel to it and fairly easy to work.
Yes it's the UK and the gain is over the annual allowance.
These people helped our client set up the VAT Registration in Ireland. They were very helpful
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