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MTD for Tax
Making Tax Digital (MTD) for income tax will not be mandated until April 2020 at the earliest and many details of the requirements are still unknown. MTD for income tax will apply to the self-employed, Partnerships and to those who have income from property. Most of this legislation at present is still in the drafting…
Cloud accounting systems are revolutionary! Part 2
Flexibility in the way you work Imagine on a sunny day you no longer need to be stuck in the office! You can do your accounts from any location that has an internet connection. Not only had that, within your office you don’t have to decide who will have the cloud accounting software loaded on…
Be Vigilant
HM Revenue and Customs (HMRC) is today warning customers not to share sensitive personal information online to avoid their identities being used to commit tax fraud. HMRC is aware that criminals are attempting to obtain customers’ Government Gateway logins and other personal details, enabling them to register for Income Tax Self Assessment and submit bogus…
Why You Should Outsource Your Accounting Work
Are you looking for more effective techniques to concentrate on increasing your company’s bottom line? If that’s the case, outsourcing accounting operations is one of the simplest moves any business owner can make. Apart from avoiding the headaches that come with bookkeeping, there are numerous other advantages to do so. Let’s look at a few…
HMRC’s Making Tax Digital: What It Means for You
The UK government’s Making Tax Digital (MTD) initiative is transforming the way individuals and businesses report and pay tax. HMRC launched this program to modernise the tax system, improve efficiency, and reduce errors. While MTD has already been rolled out for VAT, the next major step is Making Tax Digital for Income Tax Self Assessment…
Why Credit Control is Vital for Your Business
Effective credit control is the backbone of a financially healthy business. It ensures that customers pay on time, maintains cash flow, and helps prevent bad debts. Without a proper credit control system in place, businesses can struggle to meet their own financial obligations, leading to operational challenges and even insolvency. Below, we explore why credit…
