Category

Tax
What Changes Does the New Tax Year Bring? With the end of one tax year, comes the beginning of another. The new era however doesn’t just represent the approach of another self-assessment deadline. Several tax changes have been implemented as of 6th April 2019, but what does the start of the 2019/20 tax year mean...
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After a long wait, the Making Tax Digital (MTD) deadline is finally upon us. As of the 1st April 2019, all VAT-registered businesses who are above the £85,000 threshold will have to use this more effective and efficient tax system to submit their returns. Going digital has been a long time coming, if you’re yet...
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There are several reasons why you may not be able to pay your self-assessment tax return bill on time. Cash flow difficulties are one of the most common reasons for late payment to HM Revenue & Customs (HMRC), but it’s important to understand that you’re not alone. According to recent findings, as published in The...
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Update: The Making Tax Digital Pilot Has Been Extended! After introducing the Making Tax Digital (MTD) scheme and unveiling the benefits that go hand-in-hand with the digital accounts packages it endorses in our last blog post, we’re back with an update. The HM Revenue & Custom (HMRC) pilot of Making Tax Digital has now been...
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Making Tax Digital In today’s technologically driven world, everything we need is now at our fingertips courtesy of the smartphones, tablets and other devices that keep us connected to the net anytime, anywhere. So it comes as no surprise that HM Revenue and Customs (HMRC) is digitalising the UK tax system. The start of Making...
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Making Tax Digital Technology has done wondrous things for a vast selection of sectors. The world of accounting has been equally transformed with the software used by our team making the management of finances and the meeting of tax obligations simple for the businesses and sole traders we work with. The government’s plans to make...
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Paying Too Much Tax? It was recently reported that UK tax payers were set to overpay some £4.9 billion in tax. Whilst individual tax payers overpay on average £165 annually, many companies and sole traders overpay by thousands due to tax inefficiencies. For businesses in particular getting the right assistance and tax planning advice is...
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Tax Changes What You Need to Know Whilst this year’s Autumn Statement seems to have been delivered such a long time ago in the world of finance, the latest changes and their effects are only just being realised and felt by businesses and individuals alike. As an accounting firm that always has its finger on...
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Dividend Tax After being offered an early insight into the Treasury’s plans for the next tax year, many business owners are certain to have their own questions about what the proposed changes will mean for them. One area in particular that has sparked many queries is Dividend Tax, but what do you need to know...
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Make Filing Your Tax Return Quicker and Easier With the year coming to an end, it’s almost time for the procedure that many sole traders and business owners dread – the self assessment tax return! Whilst the deadline for paper submissions is long gone, the deadline for online returns is looming, and those needing to...
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