[KS Cleaning]

What's the road fund licence for then Vin? Mines nearly £400 a year!

It's not road fund licence. It hasn't been for years.

OK, do the same for the NHS, pensions, legal system, fire service, food standards agency, etc, etc, etc, etc right down to paying for someone to write type approvals that mean you can buy a cheap, standard headlight bulb for your van and it'll fit.

You benefit from a functioning government every single day of your life. pretending otherwise and shouting that tax is a waste is a tad short-sighted.

Vin

I can’t see where anyone has said that paying tax is a waste!
 It’s about time you stepped off that high horse of yours!

[dazmond]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

[deeege]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

Nope. Next to each transaction there is a business or personal button. Personal payments are erased and not counted towards income/expenses.

Making tax digital is not being set up to make things easier for YOU Daz, it’s being set up so the government can see exactly what’s going on with sole traders accounts. It’s going to make your book keeping more difficult there’s no doubt about that.

[CleanClear]

Can't say I'm looking forward to submitting quarterly accounts!
I'm 69 in a month's time and only working because the state pension doesn't even cover the rent 😵‍💫 a lot of my work has wound down now, my actual business turnover is under 20k

I think you need to sit down and re evaluate what you are doing. How long do you think you will keep that up, and what will happen when you don't ?

If i was you i'd be doing one of them benefit checkers , twice... both as you are now and then what would happen if you where not working. You may be entitled to housing benefit ?

Some very quick and dirty math based on what you have said tells me you're literally working for nothing. You say under £20k, i'm gonna guess £18K, your expenses are £4k........... Tax etc on the remaining £14k would be 25% so you pay £3.5k tax ? Leaving you with, what.... £11K..     £211 a week ?

Pension credit and housing benefit MAY top that up for you if you aint working. I dunno, maybe you feel fine and can keep that up, but either way you'll have to address that sooner probably rather than later.

  If i was 69 i certainley wouldn't be worrying about submitting quartlerly accounts thats for sure 

[The Jester of Wibbly]

You don't need to over complicate things.  All businesses are different with different requirements.  Think about hairdressers and retail stores.     

Most software is aimed at VAT registered companies ATM.  More will come over the next couple of years including simple free bridging software rather than book keeping software.     So all depends on how you keep your records which way you go.

[james peters]

please shoot me
in a year from now daz will be plugging quick books with heaters

[Perfect Windows]

I can’t see where anyone has said that paying tax is a waste!
 It’s about time you stepped off that high horse of yours!

Love handing over 30 percent of what i make in taxes and n.i etc. Disgusting when you think about it, third of my working life handed over to the gov.

Implied.

[CleanClear]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

Nope. Next to each transaction there is a business or personal button. Personal payments are erased and not counted towards income/expenses.

Making tax digital is not being set up to make things easier for YOU Daz, it’s being set up so the government can see exactly what’s going on with sole traders accounts. It’s going to make your book keeping more difficult there’s no doubt about that.

It will make it more difficult if you're faffing about with a business or personal button alright. Daz is right. I use Aworka, i assume its similar. It will show me what i took/earned and what i spent. It couldn't be any easier.

[CleanClear]

Love handing over 30 percent of what i make in taxes and n.i etc. Disgusting when you think about it, third of my working life handed over to the gov.

Oh no. I do hope you never wake up and find out how much VAT and Duty you're paying too, its not going to go down well 

[CleanClear]

please shoot me
in a year from now daz will be plugging quick books with heaters

How do you schedule your work ?

[KS Cleaning]

I can’t see where anyone has said that paying tax is a waste!
 It’s about time you stepped off that high horse of yours!

Love handing over 30 percent of what i make in taxes and n.i etc. Disgusting when you think about it, third of my working life handed over to the gov.

Implied.

He’s merely stating that he doesn’t enjoy paying taxes….pretty much the norm I would say.

[dazmond]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

Nope. Next to each transaction there is a business or personal button. Personal payments are erased and not counted towards income/expenses.

Making tax digital is not being set up to make things easier for YOU Daz, it’s being set up so the government can see exactly what’s going on with sole traders accounts. It’s going to make your book keeping more difficult there’s no doubt about that.

Thanks Danny. I've got over 2 years to get my head around it. It'll probably be fairly simple once I'm familiar with it and get used to inputting extra data which if I do it at the end of each working day shouldn't take too long. They might make it easier for certain businesses like cash basis accounting is for me at present.

[֍Winp®oClean֍]

Love handing over 30 percent of what i make in taxes and n.i etc. Disgusting when you think about it, third of my working life handed over to the gov.

Only disgusting if you think there's no benefit to you of that money being spent.

I give you roads as an example. A functioning road network allows you to work and to earn. Someone has to pay for it so given that you use it and profit from it it seems reasonable that you should help to fund it.

And I don't believe you hand over 30% of what you earn.

Vin

So, what do you pay road/vehicle tax/excise duty for?🤔

[dazmond]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

Sounds like a bit of a ballache to me as I'll have to input 2 lots of data into both cleaner planner and quickbooks and submit them every 3 months then a final declaration at the end of the tax year....🙄

Surely this is gonna create a lot more work for HMRC too?

quickbooks would be a seperate entity.
for book keeping only.
having said that, I  dont use cleaner planner or any other apps.
this may sound nuts to some... but my brain does it like clock work ...
I have always questioned whether I have a form of autism.....

How on earth do you know which jobs are due,overdue,payments in advance,payments owed,etc,etc over 100s of jobs without some sort of digital record? It can't all be in your head!

[deeege]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

Nope. Next to each transaction there is a business or personal button. Personal payments are erased and not counted towards income/expenses.

Making tax digital is not being set up to make things easier for YOU Daz, it’s being set up so the government can see exactly what’s going on with sole traders accounts. It’s going to make your book keeping more difficult there’s no doubt about that.

Thanks Danny. I've got over 2 years to get my head around it. It'll probably be fairly simple once I'm familiar with it and get used to inputting extra data which if I do it at the end of each working day shouldn't take too long. They might make it easier for certain businesses like cash basis accounting is for me at present.

I can see the better round planning software providers making the software compatible with MTD eventually anyway, once the government actually confirms exactly what and when it’s going to start.

[deeege]

Cleaner planner is great for everything to do with turnover,expenses,debts,write offs,payments and of course end of year accounts so I just print it off at the end of each tax year and put it into a clear folder with all the receipts for that tax year and file it away.

Self assessment is changing soon though. We will all need to submit 3 monthly accounts through third party commercial software.(Even sole traders earning less than 50k)as part of making  tax digital .I'm not sure how it all works yet I'll have to study up on it but I'm sure it won't be complicated. 👍

I am no expert , but try quickbooks . it does the book keeping for you , its linked to your banc account,
I have bben using it for 2 years now so that I am ready for when things go digital

How can it do the book keeping for me? I have to input the data from my cleaner planner records. Having my bank account linked to quickbooks can't do it because some payments from jobs are cash one month,then it might be a card payment next month and BACS another month.

It doesn’t matter how payment is made. Quickbooks is linked your bank account so picks up every payment that goes into your bank, whether it be bacs, cash, card payment etc.

Any cash received and not deposited would have to be auto input.

So in that case quickbooks will pick up payments going into my current account from non business activity(eg I recently sold a roland drum module for £980)which I'll have to omit from their software too!sounds like an absolute pain!

I'm sure they'll be other government approved software I can just input my data from cleaner planner for the whole 3 months as a single overall figure minus one single overall expense figure? If not I'll have to set up a separate bank account just for cleaning payments. Another thing what about expenses?I pay some in cash,some card? Currently I input all data into CP. Does this mean I'll have to input all my individual expenses AGAIN in quickbooks every time I pay in cash?

Nope. Next to each transaction there is a business or personal button. Personal payments are erased and not counted towards income/expenses.

Making tax digital is not being set up to make things easier for YOU Daz, it’s being set up so the government can see exactly what’s going on with sole traders accounts. It’s going to make your book keeping more difficult there’s no doubt about that.

It will make it more difficult if you're faffing about with a business or personal button alright. Daz is right. I use Aworka, i assume its similar. It will show me what i took/earned and what i spent. It couldn't be any easier.

Keep up Clean. We were discussing software that is MTD recognised, which Aworka isn’t (yet) so you’ll have to get ‘faffing’.

[CleanClear]

Keep up Clean. We were discussing software that is MTD recognised, which Aworka isn’t (yet) so you’ll have to get ‘faffing’.

Not yet i won't. And probably the only reason many softwares are not MTD 'recognised' yet is that the Gov havn't sought out how to extract a licence fee from them for the API (yet) .

[Soupy]

Love handing over 30 percent of what i make in taxes and n.i etc. Disgusting when you think about it, third of my working life handed over to the gov.

Even worse when surrounded by people who have never worked for 20+ years and are incapable now and just a drain on the state/system

None of your problems are because of someone on benefits.

[Soupy]

I do my accounts on sage. I assume that's good enough.

Sole traders will be filling in a form/spreadsheet once a quarter.

[The Jester of Wibbly]

I do my accounts on sage. I assume that's good enough.

Sole traders will be filling in a form/spreadsheet once a quarter.

Yea the free or cheap bridging software is just a spreadsheet to upload figures once a quarter.