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dazmond

  • Posts: 24433
Re: MTD, Getting One Step Ahead.
« Reply #20 on: July 03, 2025, 01:01:47 pm »
I think I'll be using quickbooks alongside CP. Its £16 a month but I'm gonna sack off my FSB membership when it runs out in February as it offers nothing to my business.

I'm gonna start it in April 2026 a full year before it becomes mandatory so I'll be familiar with it.
price higher/work harder!

The Jester of Wibbly

  • Posts: 2257
Re: MTD, Getting One Step Ahead.
« Reply #21 on: July 03, 2025, 01:45:48 pm »
I think I'll be using quickbooks alongside CP. Its £16 a month but I'm gonna sack off my FSB membership when it runs out in February as it offers nothing to my business.

I'm gonna start it in April 2026 a full year before it becomes mandatory so I'll be familiar with it.

Yea good idea using 2026 to get some practice in to get you organised.

But if you're using CP,  you don't need QBs, it's just duplicating your admin work load and costs.  QB is great for folk who don't use anything else.    So your best bet would to go down the Bridging Software route.   £19 a year beats £16 a month 🤣.

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dazmond

  • Posts: 24433
Re: MTD, Getting One Step Ahead.
« Reply #22 on: July 04, 2025, 01:53:56 pm »
I think I'll be using quickbooks alongside CP. Its £16 a month but I'm gonna sack off my FSB membership when it runs out in February as it offers nothing to my business.

I'm gonna start it in April 2026 a full year before it becomes mandatory so I'll be familiar with it.

Yea good idea using 2026 to get some practice in to get you organised.

But if you're using CP,  you don't need QBs, it's just duplicating your admin work load and costs.  QB is great for folk who don't use anything else.    So your best bet would to go down the Bridging Software route.   £19 a year beats £16 a month 🤣.

If 123sheets will act as bridging software from cleaner planner to HMRC then I'm all for it but it's designed for excel spreadsheets so  i will have duplicate my records.
price higher/work harder!

The Jester of Wibbly

  • Posts: 2257
Re: MTD, Getting One Step Ahead.
« Reply #23 on: July 04, 2025, 02:43:13 pm »
I think I'll be using quickbooks alongside CP. Its £16 a month but I'm gonna sack off my FSB membership when it runs out in February as it offers nothing to my business.

I'm gonna start it in April 2026 a full year before it becomes mandatory so I'll be familiar with it.

Yea good idea using 2026 to get some practice in to get you organised.

But if you're using CP,  you don't need QBs, it's just duplicating your admin work load and costs.  QB is great for folk who don't use anything else.    So your best bet would to go down the Bridging Software route.   £19 a year beats £16 a month 🤣.

If 123sheets will act as bridging software from cleaner planner to HMRC then I'm all for it but it's designed for excel spreadsheets so  i will have duplicate my records.

Either way.  The bridging software will only need a simple spreadsheet showing the three figures.  So nowt to worry about.

Also i read somewhere you might not need to do anything with CP if they get it compliant with HMRC.  Could be wrong on that though.
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dazmond

  • Posts: 24433
Re: MTD, Getting One Step Ahead.
« Reply #24 on: July 05, 2025, 01:19:19 pm »
I think most accountants won't touch us with a bargepole when MTD comes into force  for the masses(eg us 20% tax payers). Not enough money in it for them and too much time/hassle for very little reward. We will all have to figure it out ourselves and face fines from HMRC if we get it wrong.....

It's going to be an absolute nightmare for accountants in general
price higher/work harder!