I have two small business that have to have the accounts separated, roughly ;
1) Turnover around £26k, limited company makes little profit.
2) Turnover around £18k, sole trader, makes modest profit.
Neither are VAT registered & unlikely to be in the foreseeable future.
Neither of them trade every week.
ATM both sets of accounts are compiled onto Excel Spreadsheets & then handed over to the accountants to file with HMRC (& Campaniles House in the case of the Ltd company).
So, my questions for the beancounters out there are ;
a) Do I continue as I am ?
b) If I need to use an accounts package such as QB, I'm quite happy to use a single desktop & I don't want anyone to have/hold my data which rules out anything cloudbased.
I'm assuming that (because of the turnovers) I do not have to be "Tax Digital" ?
Any information would be greatly appreciated. 2003 Range Rover Vogue TD6
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