Currently only VAT registered businesses making taxable supplies in excess of the £85,000 VAT registration threshold are mandated to comply with Making Tax Digital (MTD) rules. Those rules require the business to keep digital business records and send VAT returns […]
Digital banking platforms such as Starling Bank or Monzo have risen in popularity, but are they suitable for business use? Digital banks have built popular apps for personal users to manage their current accounts from their smartphones. The apps allow […]
For many PSD2 is the inconvenient directive that means you are spending more time remembering passwords, PIN numbers and finding yourself shouting at a device to authenticate your voice activated bank account. The frustration consumers are experiencing is one element of the PSD2 ruling as authentication requires tightening up to defeat fraudsters. However, PSD2 has…Read More
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
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 […]
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.
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 […]
The countdown to 1st April 2019 is officially on for HMRC’s Making Tax Digital (MTD) requirement. With the clock ticking, you can forget the uncertainty of Brexit as compliance with MTD is what matters to your business right now. Are […]
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
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.
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
What does HMRC mean by being digitally compliant? In the spring 2015 Budget, the Making Tax Digital (MTD) initiative was first announced. This introduced the requirement for quarterly reporting to HMRC via digital records for small businesses, landlords and the self-employed over […]