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
Category: Digitisation
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
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
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
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
Making Tax Digital Brings Benefits Not Burdens
You may view the Making Tax Digital initiative as a lot of hassle to remain compliant, but in reality it should be viewed as an opportunity to bring benefits to your business.
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
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 […]
How ammu is Making Tax Digital simple?
At Murrison & Wilson we specialise in digital tax services. We’ve backed ‘going digital’ since opening for business in 2013. That’s why it’s no surprise to us HMRC is striving to go digital now. If anything MTD should’ve happened sooner but HMRC was not ready, businesses weren’t ready and all too many accountants weren’t ready…Read More
How the right approach to digital keeps the tax man happy
Are you fed up hearing about Making Tax Digital (MTD)? It seems like that’s all HMRC is talking about. It is, however, with good reason, according to research nearly 50% of VAT registered businesses are still not Making Tax Digital ready. This is despite April’s deadline which is compulsory for VAT Businesses above the £85k…Read More
Sky’s the limit for Accountants and Clients
With over five decades of experience in the world of accountancy we’re experiencing the biggest shift in our profession with the introduction of cloud based accountancy. This system is revolutionising and streamlining tax and accountancy services for us and our clients. We recently spent eight weeks migrating our clients to the new system and despite…Read More
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