Access Accounting to release Reverse Charge VAT
Posted: 12/12/2006 11:26:43 AM
23rd October 2006
Access Accounting to release Reverse Charge VAT upgrade “within weeks”
Business and accounting software developer, Access Accounting has announced its intention to release Reverse Charge VAT functionality by the 1 December deadline set by the HMRC.
“Reverse Charge VAT will reduce the Treasury’s risk of being exposed to carousel fraud, but this does mean a more complex VAT regime for businesses who trade in these goods,” said Kevin Misselbrook, customer services director for Access Accounting. “We have a duty to our customers to help them to comply with the growing burden of regulatory compliance, which is why we’ve responded so quickly and scheduled this functionality to be released within the next few weeks.”
Reverse Charge VAT will affect business-to-business companies dealing in electronic goods including mobile phones, computer chips and processors, electronic storage media and electronic devices used for storing, processing or recording electronic data such as handheld devices and computers, GPS systems and games consoles.
In a recent article published online, Dennis Keeling, chief executive of the Business Application Software Developers Association was quoted as saying: “This is the biggest change in accounting software we have seen since 1993,” He continued to comment that the reverse charge and reporting requirements coincided with the introduction of electronic VAT returns, which will become available next year. He pointed out that developers were likely to release both sets of changes within the same upgrade, which for many could be as late as mid-2007.
Access Accounting, which was the first company to release SAF-T functionality free to all its customers in August, is already well underway with the imminent changes to the software. Kevin Misselbrook, commented, “It’s been reported in the press that developers are not going to have the functionality ready for some time but this doesn’t need to be so. The only significant part of the specification we’re waiting for from HMRC is the format for the Reverse Charge report, which companies will need to supply to HMRC on a quarterly basis. As this is likely to be XML based, we are confident that we have the tools and expertise to deliver this feature very quickly. At Access Accounting we’re fortunate enough to have the resource and the agility to effectively respond to the changing needs of business.”
For more information on Access Accounting and its range of software solutions, please contact 0845 3453300 or visit www.access-accounts.com
Editors’ notes:
Access Accounting Ltd is a business and accounting software developer, employing a total of 115 staff. Currently, over 10,000 companies around the world use its software solutions to help them achieve business success.
Access Accounting, a subsidiary of Access Technology Group Ltd, was the first UK software developer to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Its solutions include four scalable, web-enabled accounts systems under the Access Accounts brand:
The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the upcoming CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and has received accreditation from major authorities including the Business Application Software Developers Association (BASDA), the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs' rigorous Payroll Standards Scheme. The company also won the 2005 Accountancy Age ‘Mid Range Software Package of the Year’ award, which is recognised as the highest accolade in the UK accounting software industry.
Free ‘Accounting Software for Dummies’ guide launched by leading software developer, Access Accounting
Posted: 12/12/2006 11:29:17 AM
Free ‘Accounting Software for Dummies’ guide launched by leading software developer, Access Accounting
Award-winning business and accounting software developer, Access Accounting, has produced a free 'Accounting Software for Dummies’ guide in conjunction with publishers, Wiley. The vendor decided to create the guide to help organisations cut through the growing complexity of choosing an accounting system.
'Accounting Software for Dummies’ is aimed at businesses that know their accounting needs and what they want from a software package, but require up-to-date information on the essential elements of choosing and implementing a system.
John Beech, MD of Access Accounting, commented, “Selecting a new system can be a very daunting task for businesses. It is a big decision and one that needs to stand the test of time.
“Most organisations change their software on average every seven years. It is usually the FD, in conjunction with the MD, that makes the final decision but with their busy schedules it is impossible for them to keep abreast of the advancements in business and accounting technologies. This guide embraces the ethos of Dummies, taking a light-hearted approach yet is packed with valuable information and advice,” he continued.
Some of the sections within the publication include: Ten Accounting Software Pitfalls to Avoid, the Selection Checklist and Ensuring a Return on Investment (ROI). It also provides information on Access Accounting’s flagship solution, Access Dimensions.
‘Accounting Software for Dummies’ is available to anyone considering changing their accounting software in the next 12 months. To obtain a free copy, visit www.access-accounts.com/dguide. Alternatively, visit Access Accounting on stand AF304 at the forthcoming Softworld Accounting and Finance Exhibition to be held at the NEC in Birmingham from 18-19 October 2006.
For more information on Access Accounting and its range of software solutions, please contact 0845 3453300 or visit www.access-accounts.com
Editors’ notes:
Access Accounting Ltd is a business and accounting software developer, employing a total of 115 staff. Currently, over 10,000 companies around the world use its software solutions to help them achieve business success.
Access Accounting, a subsidiary of Access Technology Group Ltd, was the first UK software developer to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Its solutions include four scalable, web-enabled accounts systems under the Access Accounts brand:
The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the upcoming CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and has received accreditation from major authorities including the Business Application Software Developers Association (BASDA), the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs' rigorous Payroll Standards Scheme. The company also won the 2005 Accountancy Age ‘Mid Range Software Package of the Year’ award, which is recognised as the highest accolade in the UK accounting software industry.
Access Accounting partners with Commidea to offer
Posted: 12/12/2006 11:32:13 AM
17th October 2006
Access Accounting partners with Commidea to offer credit card payment facilities
Software developer, Access Accounting has partnered with Commidea to offer credit card processing facilities to users of its award-winning Access Dimensions solution. Commidea has joined Access Accounting’s Alliance Integrator programme to link its online card payment systems, ICP and WinTi, with the accounting system’s Credit Card Processor module.
Stephen Wiggett, alliance partner manager for Access Accounting, commented, “Commidea’s card payment processing software will allow our users to minimise the amount of time spent processing transactions as funds can be collected from within Access Dimensions before orders are despatched.”
Access Accounting and Commidea will provide an integrated solution, suitable for mail order companies and e-commerce environments. ICP and WinTi have received certification for credit and debit card processing from all major UK merchant service providers regardless of whether or not the cardholder is present.
“We are delighted to be working with Access Accounting, and believe that the combined order processing and card processing system will take the hard work out of fulfilling orders. It will also make it much easier for companies running a variety of sales operations to utilise the same payment system,” said Simon Wilding, managing director for Commidea.
Access Dimensions offers a total business solution that is functionality-rich, intuitive and affordable. Built on Microsoft SQL Server technology, its open architecture allows full integration with a host of third party software. This flexibility greatly improves efficiency by removing the need to re-key information and allows direct access to accurate and timely data for more effective decision-making.
For more information on Access Accounting and its range of business and accounting solutions contact 0845 3453300.
Editors’ notes:
Access Accounting Ltd is a business and accounting software developer, employing a total of 115 staff. Currently, over 10,000 companies around the world use its software solutions to help them achieve business success.
Access Accounting, a subsidiary of Access Technology Group Ltd, was the first UK software developer to recognise the potential of Windows and create a mid-range accounting platform based on this technology. Its solutions include four scalable, web-enabled accounts systems under the Access Accounts brand:
- Dimensions (Client/Server solution for medium and large enterprises with 1 to 500+ concurrent users);
- Dimensions Lite (Client/Server solution for medium and large companies with up to 10 concurrent users);
- Horizons (Mid-range solution for small and medium companies with up to 10 concurrent users); and
- FoundationsXP (Entry-level solution for small companies requiring up to three concurrent users).
The company also offers Access Payroll, a combined payroll/personnel suite, which is fully compliant with the upcoming CIS regulations.
Access Accounting is a Microsoft Gold Certified Partner and has received accreditation from major authorities including the Business Application Software Developers Association (BASDA), the Institute of Chartered Accountants in England and Wales (ICAEW) and the HM Revenue & Customs' rigorous Payroll Standards Scheme. The company also won the 2005 Accountancy Age ‘Mid Range Software Package of the Year’ award, which is recognised as the highest accolade in the UK accounting software industry.
Commidea Ltd is one of the most innovative developers of card payment processing technology, producing a variety of solutions for high street retailers, mail order, e-commerce, telesales, memberships and the hospitality and leisure industries.
The company has built a reputation for reliability, innovation and excellence, continually pushing forward the boundaries of card payment technology.
Customers include organisations from the public and private sectors, from multi-national high street retailers to independent retailers, specialist distributors to small leisure clubs, and award winning e-commerce sites to the country’s leading mail order companies.
Working with a network of business partners throughout the UK to deliver a complete EPOS system for virtually every environment, Commidea is the solution for all card payment processing needs.
The countdown begins: introduction of new CIS rules to affect thousands of businesses
Posted: 3/20/2007 4:50:06 PM
Reform includes £3,000 automatic penalties for non-compliance
Tuesday, March 06, 2007
More than 250,000 contractors will be affected by the forthcoming changes to the Construction Industry Scheme (CIS), which will come into place in just a month’s time. Contractors across the UK will need to ensure that information they hold on their sub-contractors is correct or face fines of up to £3,000 if they fail to submit accurate and timely returns to HM Revenue & Customs (HMRC) or provide monthly Sub-contractor Payment & Deduction Statements. The changes are all part of the Government’s move towards electronic transactions and to address the issue of counterfeit cards and certificates, bringing three government databases together to provide single records for each CIS contractor and sub-contractor.
Kevin Misselbrook, customer services director for Access Accounting and recently elected deputy chairman for BASDA* commented, “Every business that employs sub-contractors will need to have all their information up-to-date in order to comply with the new regulations. And this not only applies to the construction industry but also to other business sectors that employ sub-contractors – such as retail and local councils – where their average annual spend on construction is £1m or more. Today marks the countdown to the changes coming into force, with automatic penalties of up to £3,000 each month from October 2007, based on the number of sub-contractors employed.”
Since last year, Access Accounting, the award-winning business and accounting software developer, has been urging companies to take prompt action to be prepared for the new legislation and to avoid the penalties. However, many organisations don’t appear to be ready for the new CIS. In order to help businesses fully understand and plan for the changes, Access is continuing to offer a free copy of the recently published CIS white paper from BASDA.
For more information on Access Accounting, or to receive a copy of the BASDA CIS white paper, please telephone 0845 3453300 or visit www.access-accounts.com/cis. Additional help with specific queries on the new legislation also can be obtained by contacting the HMRC’s CIS helpline on 0845 366 7899.
*BASDA – Business Application Software Developers Association
Access Accounting's customer services director is appointed as deputy chairman for BASDA
Posted: 3/20/2007 4:52:14 PM
Monday, February 26, 2007
Access Accounting's customer services director is appointed as deputy chairman for BASDA
Kevin Misselbrook, customer services director for Access Accounting, has been appointed deputy chairman for the Business Application Software Developers Association (BASDA).
Kevin has been an active member of BASDA for more than eight years, serving on a number of the working parties. He was elected to the General Council in March 2001.
Kevin, who will also remain as customer services director for Access Accounting, commented, "It is a great honour to take up the role of deputy chairman. BASDA is recognised as the voice of the UK's business software industry, communicating the opinions of its members and safeguarding their best interests. It is also an invaluable interpreter of legal and regulatory changes and the impact of these requirements on business software solutions. I look forward to representing BASDA and the great work that it does for the industry."
Access Accounting has been a member of BASDA for more than ten years; during this time Kevin has played a significant role in initiatives such as the BASDA Code of Practice and the new BSI PAS76 standard for VAT Accounting. In his new role he will be engaging directly with the Government and other decision making authorities in the UK and worldwide on behalf of the software industry.
Commenting on the new appointment, Dennis Keeling, BASDA CEO, said, "I am delighted to welcome Kevin as deputy chairman. He has played an important part in the success of BASDA over the years and brings with him a wealth of experience to the role. As a natural negotiator, Kevin will be a credit to our organisation."
