DIY accounting software, tax accounting, payroll software, limited company formation UK

Most recent additions to the DIY Accounting web site including any new developments to our UK product range of accounting software, payroll software, book keeping and services as a limited liability company formation agent. If you've visited DIY Accounting before and want to know what's changed, take a look here first.

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What's New

1st February 2010  We are VAT registered effective from 1st February 2010. For our VAT registered customers this will mean little change in the product cost as you can reclaim the input VAT. For non VAT registered business I'm afraid we'll be passing on the VAT charges. Our VAT number is 982 7394 69.

26th December 2009 Terry Cartwright, Father and Founder of DIY Accounting, RIP, 1950-2009. The remaining directors (Terry's Sons and Daughters) are busy picking up where Terry left off. In the short term we are focusing on meeting demand for support on the existing products and completing the updates for the 2010-11 tax year. There are a few wrinkles in the download process and afiliate scheme which we'll be working on once things have stabilised.

9th December 2009  2009 Pre-budget report has changed the small company corporation tax rate applicable from 1st April 2010 from 22% to 21%. The company accounts packages were updated with the amendments on the 10th December 2009. If you bought a company accounts with year end April 2010- December 2010 before the 10th December 2009 then go to the financial accounts, corporation tax sheet and change cell G34 from 22 to 21. No other changes are required.

13th September 2009 DIY Accounting launch Republic Of Ireland Small Business Accounting Software, Payroll Software, Tax Return

22nd April 2009 Budget Changes No changes required as 2009-10 paye rates and rules for income tax and national insurance already known in advance and included in the 2009-10 payroll software. Capital allowance change only on expenditure over 50k so again no change required. Vat registration threshold increased from 67,000 to 68,000 from 1 May 2009. For a more detailed note please visit the forum. http://forums.teneric.co.uk/diy-accounting/

13th March 2009 DIY Accounting Limited was incorporated and owns the copyright to the self employed and company accounts accounting software and payroll software tax accounting spreadsheets.

10th March 2009 Sole trader accounts, taxi and self employed accounts packages for tax year 2009-10 now published and available from the order forms.  Payroll software package for tax year 2009-10 also published and available.

24th November 2008 Pre- budget report changes reduces vat from 17.5% to 15.0% with effect from 1st December 2008 until 31st December 2009 after which it returns back to 17.5%. To effect this change: Change the 17.5 in the sales spreadsheet vat column for December 2008 from 17.5 to 15.0 which automatically changes the vat percentage on sales and purchases from that month onwards.

Corporation tax rate from 1st April 2009 is to be kept at 21% for one year. If a company accounts package with a year end date after March 2009 was bought before today's date 24 November 2008 the tax rate in the financial accounts workbook, corporation tax sheet should be changed from 22% to 21%.

All packages bought after 24 November 2008 contain the above changes announced in the pre-budget report this afternoon.

10th July 2008: Introducing  ASC Partnership Plc which has a National Association of Independent Finance Consultants operating under licence offering a range of commercial business finance products and business loans for new start up businesses and existing businesses wishing to raise finance for working capital, leasing, commercial mortgages and business expansion and development: The financial services page also has links to the Business Link pages relating to Government Grants

13th May 2008: Income tax changes for the financial year 2008-09 were announced in parliament today by the Chancellor, Alistair Darling, who stated the individual personal tax allowance would be increased from £5435 by £600 to £6035 for this financial year. The increased personal tax allowance will apply to all income for this tax year and will be backdated to 6 April 2008. The financial effect being a £60 tax reduction in the week that the new tax code is applied which is 7 September 2008. To effect this change DIY Accounting payroll clients should enter an amended tax code of 603 in the tax code row under the previous tax code on  the employee details section of the payroll package with the date applied 07/09/2008. If all employees earn less than £40,835 this is the only amendment required to the employee details sheet of the payroll software.

The Chancellor also announced a reduction in the higher tax rate threshold by £600 from the previously announced 40% higher tax rate threshold of £36,000 to £34,800. All payroll software packages downloaded after 13th May 2008 incorporate the changes required to correctly calculate the income tax for employees earning over £40,835 whose lower tax code would not generate the £60 tax refund. Employers who have purchased the 2008-09 payroll software prior to 14th May 2008 and who also have employees earning over £40,835 who pay the 40% higher tax rate should return to the download page and re-download the new payroll file and manually enter the existing details. No changes are required to the payslips or revenue forms files.

21st April 2008: At the beginning of April 2008 HMRC published new self employed tax returns to replace the self assessment tax return for anyone self employed. The new tax returns are applicable for the financial year 2007-08 onwards including 2008-09 and consist of a Self-employed (Short) tax return for completion with where sales turnover is under £64,000 (vat threshold for 2007-08) with less detail required if turnover is under £30,000. For businesses with sales income over £64,000 the Self-employed (Full) tax return is required. The cabsmart taxi driver accounts, basic sole trader and self employed accounting software packages for 2007-08 and 2008-09 have all  been updated with the new self employed tax returns incorporated into them.

4th April 2008: New for the financial year 2008-09 the 50% first year capital allowances have changed and replaced with a 100% Annual Investment Allowance on the first £50,000 of investment which includes plant and machinery, fixtures and fittings, computers and commercial vehicles such as vans. The previous 25% writing down allowance on existing assets is reduced to 20% which includes motor vehicles not categorised as commercial vehicles. If the total written down value of all assets at the end of the year is under £1,000 then the whole of the written down value can be deducted from taxable profits in 2008-09.   

15th March 2008: All accounting software and payroll software packages for the financial year 2008-09 published incorporating the new financial year tax rules and tax bands. In addition to the new accounts packages for 0809 self employed and 0809 taxi drivers accounts there is also an 0809 version for sole traders who are not vat registered and have no employees. Also new for 2008-09 are integrated accounting and payroll software packages for both self employed and limited company accounts. Simple payroll software that automatically updates the financial accounts providing a complete accounting solution for small business.

10th February 2008: Several enquiries regarding the date when the new 0809 self employed packages and 0809 payroll packages will be available have been received. While the templates are ready now publication of the accounting and payroll packages is not expected until shortly after the March 12th budget announcement. Personal allowances are set to increase from 5225 to 5435 with the standard income tax rate of 20% replacing the current 10% and 22%, the higher income rate threshold is not known yet and there may be changes to the capital allowances affecting both first year allowances and writing down allowances. Mileage allowances may also be changed. It is expected to publish the 0809 accounting software for self employed around 15 March and the payroll software packages by 15 March ready for the start of the new financial year on 6 April 2008.  

7th February 2008: Limited company accounting software packages have been upgraded to incorporate not just the corporation tax calculation but also automatically complete the CT600 company short tax return. A major step forward in the DIY Accounting software that now not only provides simple small business accounting software but also fills in the company tax returns for its clients.

30 December 2007: Limited company accounts packages with year end dates from January 2009 to December 2009 have now been published on the website in accordance with our policy of publishing accounting software and payroll software well in advance of the financial periods to which they relate.

30th September 2007: Launched just 15 months ago the number of Accounting Software and Payroll Software clients has this month reached 3,000. Many thanks to all our clients who leave positive comments for our products in blogs and forums which I hope you will continue to leave being a major source of referrals which has helped our client base reach such heights. Thank you

10th June 2007: This month will see the launch of both accounting software and payroll software packaged as CD products to be retailed on shop shelves across the country.  Applications for trade accounts to retail DIY Accounting Software are required in all areas. Stock is now available and also launched is an opportunity to all bookkeepers to join the DIY Accounting independent bookkeepers.

 23rd March 2007: Accounting software packages for 0708 are in the process of being loaded. 0708 Cabsmart taxi driver accounts is now available. 0708 Self Employed Accounting Software has been loaded and includes a number of new features. The 0708 Self Employed accounts are suitable for both vat and non vat registered business and those with employees replacing the Basic, Standard and Advanced packages for the new financial year. New features include an automated Profit and tax forecast, Financial Health check, Cash and Bank spreadsheets with bank reconciliation, a Stock Control file and a Sales Invoice Generator.

16 March 2007: Limited Company DIY Accounting Software  has been completed and available for every financial year date from January 2006 until December 2008. The Limited Company Accounting Software will hopefully be loaded onto the website by the end of March. The Accounting Software is based upon a Sales and Purchases spreadsheet with cash, 2 Bank and a Company Credit Card Spreadsheet, Stock Control, Sales Invoice Generator, Automated Vat returns, Automated Corporation Tax calculation with the final product having automated all the double entry accounting entries through a Trial Balance produces a set of Published Accounts including P&L Account, Balance Sheet and Notes all ready for submission to Companies House.

22nd January 2007: Articles section added to provide quality content on Accounting Software, Payroll Software, Company Formation, Affiliate Programs and Taxi Driver Accounts with a new section to be introduced on general Business topics for as an information source for DIY Accounting clients and use by Affiliate Program members to add content to their affiliate pages.

31st December 2006: New sign ups to the DIY Accounting affiliate program is progressing well assisted by a major advance in traffic during December when website hits exceeded 125,000 for the month.

20th December 2006: Work commences on latest accounting software project for limited companies published accounts

19th December 2006: DIY Accounting affiliate program launched. A two tier commission affiliate program that pays from 20% - 30% on affiliate sales plus a second tier affiliate commission of 50%. A two tier affiliate program that pays affiliates 50% commission on new affiliates introduced to the affiliate program. The DIY Accounting affiliate program offers new affiliate members real time reporting statistics on their desktop.

27th November 2006: Website overhauled and optimised to further increase the number of clients using DIY Accounting software products particularly the Advanced accounting and book keeping, and payroll software UK which since initial launching on August 13th 2006 is currently, November 2006, attracting in excess of 40,000 hits per month.

15th October 2006: Having formed a number of limited liability companies on behalf of clients DIY Accounting formerly registered its services with Companies House and launched its services as a limited liability company formation agent. Part of that work as a limited liability company formation agent is to offer the cheapest company formation service available at just £14.99 for the document pack.

4th September 2006: Following over 600 hours development work during the summer months and extensive testing the payroll software was finally launched. Sales of the payroll systems within the first 2 days indicates the payroll software available in 5, 10 and 20 employee versions will become one of DIY Accounting's best selling products.

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Last modified: 03/17/09