Making Tax Digital: what’s changed
Making Tax Digital is coming and will ultimately roll out to affect every business in the country. The Government have recently announced some changes which will affect your responsibilities. If you’ve already made preparations, you may need to change some of your plans. The changes will also affect when you need to enrol. Here’s what […]
Are you making one of these common bookkeeping errors?
Making sure that your bookkeeping is up to date might not be at the top of your priority list, but it is important. Keeping your accounts up to date gives you and your accountant the information you need to check on your business’s health. Even if you’re good at keeping on top of your records, […]
First MTD VAT quarterly submission deadline
The first deadline for Making Tax Digital (MTD) quarterly VAT submission was on 7 August where you needed to file your VAT through MTD compatible software.
Should I register my business for voluntary VAT?
There are certain benefits for businesses being registered for VAT. This is why some businesses consider registering voluntarily. But is it the right decision for your business? Let’s consider the pros and cons of voluntary VAT registration.
Getting your business ready for “Making Tax Digital”
When HMRC announced the new scheme to bring the tax system into the 21st century in 2015, their plans were ambitious. HMRC wanted to implement the new system between 2018 and 2020. Industry experts raised concerns, however, and HMRC have now proposed a revised timetable for “Making Tax Digital”.