As has been reported, HMRC is changing its tax return platform and expects this to be fully functional by April 2024. Has anyone looked into the accounting software options the Receiver has approved of, please?
Currently, I use George to keep work records and payments received. I use a spreadsheet for expenses. On the spreadsheet I have formulas to apportion expenses into business and private use. For example, my assessment is the 90% of my fuel used in my van is for business use and the remaining 10% is for private use. So currently, I only claim the 90% as a business expense on my tax return.
I use my personal bank account for payments and since Covid probably bank a limited amount of cash every 2 or 3 months.
Thanks for any opinions.
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Currently, I use George to keep work records and payments received. I use a spreadsheet for expenses. On the spreadsheet I have formulas to apportion expenses into business and private use. For example, my assessment is the 90% of my fuel used in my van is for business use and the remaining 10% is for private use. So currently, I only claim the 90% as a business expense on my tax return.
I use my personal bank account for payments and since Covid probably bank a limited amount of cash every 2 or 3 months.
Thanks for any opinions.