Category: Digitisation

Are you ready for MTD?

Making Tax Digital for income tax self-assessment may still be 18 months away, but if you are self-employed or a landlord, it is time to get ready for digital record keeping, ahead of the deadline. MTD ITSA (as it’s known) […]

MTD income tax pilot

The pilot scheme for Making Tax Digital (MTD) for income tax is now open for self-employed workers and landlords. The scheme becomes mandatory for accounting periods commencing on or after 6 April 2023, so those who join now will get […]

£3.75 million to improve rural connectivity

Mobile coverage in some of the most rural parts of Scotland will be improved with an additional £3.75 million investment. A further nine masts are earmarked for the Scottish Borders, Highlands, Angus and island communities, along with three to replace masts […]

Making Tax Digital (MTD) for VAT – end of “soft landing”

MTD for VAT currently applies to VAT registered businesses with taxable turnover in excess of £85,000, the current VAT registration threshold. From 1 April 2022, MTD for VAT is being extended to all VAT registered businesses. HMRC have updated their […]

MTD is now here – who is on board?

One of the largest UK tax reforms in years is now upon us. On 1st April 1.2 million businesses above the £85k VAT threshold embarked on the start of the new VAT regime – Making Tax digital (MTD). First deadline is looming but who will make it? As you know all enterprises above the £85k…Read More

Digitisation – The Benefits To Your Business

What is Digitisation? Digitisation of your business involves automating many processes which would previously be manual, such as data entry and bank reconciliations, through use of cloud accounting software such as Xero. The end result of these changes in your […]

Start Your Digital Compliance Journey Today

Start Your Digital Compliance Journey Today

As a leading digital accountancy practice, our aim is to make sure that you are given the best advice to understand what is required to make sure your business is digitally compliant.

Reasons & Benefits for Using a Digital Accountancy Practice

Reasons & Benefits for Using a Digital Accountancy Practice

In the modern business world, it is more important than ever to be working with a digital accountancy practice – not only for compliance reasons. Below we detailed just some of the benefits your firm could experience as all of […]

Making Tax Digital: T-4 weeks to launch

Making Tax Digital: T-4 weeks to launch

Did you know it is less than 4 weeks until Making Tax Digital becomes a reality? If you manage a VAT registered business you will probably have received a letter from HMRC advising you to be prepared for 1st of April deadline. However, I’d like to add a few points around Making Tax Digital First:…Read More

What does your digital footprint tell the tax man?

What does your digital footprint tell the tax man?

With the 2017/18 deadline for Self-Assessment Tax Returns a matter of weeks away HMRC computer systems will be going into overdrive to spot the tax cheats. The digital footprint provides the clues HMRC needs to track down their suspects. Is your tax return error free? Are you one of the 10 million completing your Self-Assessment…Read More

digitisation – traditional accountant v ammu

digitisation – traditional accountant v ammu

You may notice that a lot of accountants are adding ‘digital accounting’ to their list of services in light of Making Tax Digital. You may also notice that they are offering digital accounting services at a low rate, but to […]

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