uk-netmarketing Archive (2011-2015)

Hi Caroline

Quickbooks is OK, I've used the desktop version for years but you should 
probably look at the online version now, particularly if you have a Mac.

http://www.intuit.co.uk/quickbooks-accounting-software.jsp

Also, consider the flat rate VAT scheme as that makes VAT returns much 
easier.

http://www.hmrc.gov.uk/vat/start/schemes/flat-rate.htm

You will still need to identify which transactions should have VAT and 
which should not but I'm afraid I can't offer any advice on that if you 
don't already have address information as part of the user 
sign-up/checkout process.

Congratulations on the growth of your business, a good problem to have !

Simon

On 25/03/2014 08:04, Caroline wrote:
> Hello Chinwaggers,
>
> We're beginning to get close to the VAT threshold, so we're having to 
> consider thorny issues of pricing.
> But there are other questions too, you might have some advice to share?
>
> Book-keeping
> I currently run our book-keeping on Google Docs. Now might be a good 
> time to swap to something like Quickbooks.
> Any suggestions on accounting software, preferably free software?
>
> Rules
> When should we apply VAT and when shouldn't we? Our accountant has 
> advised the preferred rules are to apply VAT only to sales to UK 
> residents, but that HMRC sometimes take a different view and to check. 
> I guess the budget announcement makes this preference law? viz:
>
> ""As announced at budget 2013, the government will legislate to change 
> the rules for the taxation of intra-EU business to consumer supplies 
> of telecommunications, broadcasting and e-services. From 1 January 
> 2015 these services will be taxed in the member state in which the 
> consumer is located, ensuring these are taxed fairly and helping to 
> protect revenue."
>
> Any advice from anyone on how to easily spot where your blumming 
> customers live? We use Paypal & Paypoint.
>
>
>
>
> Any other words of wisdom on the headaches & otherwise of becoming a 
> fully fledged VAT registered company
>
> Many thanks all, as ever :)
>
> Caroline
>
>
>
>
> Caroline Bottomley
>
> Managing Director
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