+11

Accounting and tax for the Corporate ownership of properties

Geoffrey Nelson 5 years ago updated by Charlotte Black 1 year ago 7 2 duplicates

It would be great to have the option to allow a portfolio to be owned by a company rather than a sole trader such that it is possible to account for and calculate corporation tax, and to do the quarterly tax returns that 'Making Tax Digital' (MTD) will require. 

Duplicates 2

Good idea and would be useful for us.

Yes this would be very useful for us as well.

This would be great if it could be added

Sole traders also need to do the quarterly tax returns that 'Making Tax Digital' (MTD) will require.

I like this software, can I start again on a clean sheet ? I also prefer that HMRC does not check out my previous 5 years as I only use this app for expenses only and dont  list the rent collected.

Also I have entered IKEA as suppler about 5 times now .. yet this does not merge into one... so I copy and correct in excell for my final report.

Please let me know ASAP .. as I am considering to swap to another software for a fresh start now Im more experienced.

This question was dealt with via the helpdesk

Roy

Thanks, I will stay with LV, I've emailed reciepts to LV and they are going in nocely, also reconciled with my bank statement. 

Having the corporation tax included would be an excellent addition. I would probably still want my accountant to run over the figures, but keeping track of what the company owes would be great. ATM I doing this via spreadsheets. MTD is just around the corner!