Recent content by Daybooks

  1. Daybooks

    Tax Calc for charities

    Keep things super simple. You probably want a standard chart of accounts structure encompassing a nominal name, project code and possibly another, say, organisation code for flexibility. Each has their own table which is used as to populate a drop-down list when entering transactions. The...
  2. Daybooks

    Tax Calc for charities

    Spreadsheets are only dependent upon their authors when they are badly written and/or require continual updates. Best to avoid if you can. This usually comes about when you try and make a spreadsheet specific for a purpose, losing sight of the objective. A Receipts and Payments Account is a...
  3. Daybooks

    Tax Calc for charities

    If you are currently using CC16A from the Charity Commission to produce your final account in that format then it implies you are producing a Receipts and Payments Account with a Statement of Assets and Liabilities. This is important because if your charity remains eligible to use this...
  4. Daybooks

    Simple accounting software for dumies

    Not to mention the time you save, the ease of use, the low cost and the great information you get from it. It is not a secret but as they say ‘you can only lead a horse to water.’
  5. Daybooks

    Traditional accounts vs cash basis for sole trader

    As @MyAccountantOnline says yes you can. You’ll need separate SA103 pages for them. You can flip between years with the proviso that income can only be charged once and expenditure relieved once. Thus for example if you have an unpaid sales invoice one year included under the accruals method...
  6. Daybooks

    Companies House Fee increase - scandalous!

    They need the money to pay for a new system and architecture to pay for the cost of the Economic Crime and Corporate Transparency Act. However that urgent need to make micro and small companies file their profit and loss account obviously isn’t so urgent as its planned April 2027 implementation...
  7. Daybooks

    Can I buy a product to test it – & claim as business expense?

    Generally yes provided there is a valid business intention.
  8. Daybooks

    very worried about January deadlne for tax return

    There is no Self Employed Register for you to enrol onto. An obligation to “notify” HMRC arises from section 7 of the Taxes Management Act 1970, which requires anyone who becomes chargeable to income tax or capital gains tax, and who has not been issued with a notice to file a tax return, to...
  9. Daybooks

    Customer wants us to refund £27k vat

    Thank you for the update. It would be useful if you could share the conflicting advice without revealing sources or breaking confidentiality. It would no doubt spark a further debate. I trust the decision is for commercial reasons and thus for the charity this is just a consequence. I wonder...
  10. Daybooks

    Tax help

    There appears to be only one question to answer; namely who could review your tax and give some advice. That would typically be an accountant or tax advisor. Without reviewing any responses given but trying to expand on additional areas you may want to clarify certain things before speaking to...
  11. Daybooks

    Getting rid of accountants - Are we any nearer in 2026 ?

    I don’t have to use my electrician to do my electrical wiring; but I choose to do for the fact that I appreciate the training and effort and appliance of regulations they put into their profession. You pays your money; you make your choice.
  12. Daybooks

    Getting rid of accountants - Are we any nearer in 2026 ?

    I use Microsoft Excel for my own company and those for whom I do their bookkeeping. The reason is simple. It is more efficient. We know the financial position at anytime and everything is at our fingertips tips. To get the same analysis from so called ‘commercial software’ is not available...
  13. Daybooks

    Accounts filing software

    Such an exclusion would be nonsense if it existed; but it does not. Statements to the contrary have been made without giving a source. The extracts I have referred to several times comes from the HMRC website at the time of completing an online return. It is as I have tried to indicate before...
  14. Daybooks

    Accounts filing software

    I must beg to differ. The context is clear: “Do you need to report it on the tax return?” It is in bold at the beginning of the guide to the online form. Tell us if you need to report any of these in your accounts The law has already stated that it must be in sterling. It then gives four...
  15. Daybooks

    Accounts filing software

    It was suggested that once you start the online form completing (CT600) you are presented with exclusions that prevent filing of accounts this way if you have foreign currency. On the basis that I thought this to be illogical I looked to see why this statement was being made, as I do not use...
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