When it comes to the weather, clouds aren’t exactly everyone’s favourite forecast, but when it comes to accounting, well that’s a different matter … cloud based accounting is efficient, it’s effective and very much part of our digital future. From 1 April 2019, VAT registered businesses need to comply with HMRC’s Making Tax Digital regime
Making Tax Digital is the latest move by the Government to make it easier for individuals and business to get their tax right and stay of top of their affairs. But there’s one small problem with this plan … according to our research, it seems that businesses in Cornwall just aren’t ready for it at
More good news to start the year… we’ve just been awarded Platinum status by QuickBooks, one of the world’s biggest brands in accounting software. QuickBooks has played a major part in the development of the industry, helping take it from an analogue based discipline through to a modern, digital professional environment. QuickBooks enable us as
Are you ready for Making Tax Digital? Take our 2 minute survey below and be in with a chance of winning a hamper worth £100 from our fab client The Cornish Foodbox Company. https://www.surveymonkey.co.uk/r/3T9YDFR
Sage, the old favourite, something that is synonymous with the accountancy profession, is changing to get ready for Making Tax Digital (MTD). Whilst that shouldn’t be surprising, given they are one of the UK’s largest technology companies, you need to be a little bit careful and check whether you’ll be compliant when the new regime
Making Tax Digital is on its way. Next year, if your turnover is over the VAT threshold, you’ll need to submit returns online. In readiness, HMRC has been working with more than 150 software suppliers who have said they’ll provide software for Making Tax Digital for VAT in time for April 2019. If you’ve got a system
Cast your minds back to 2015. Hopefully it was a good year for you, with some great memories. For us in the accountancy world, something very significant was announced. Following the budget, the Government decided to lay out it’s vision for a ‘really simple’, ‘easy to use’ transformed digital tax system – Making Tax Digital
HMRC has announced a number of changes to the Making Tax Digital scheme. They have revised the timescale following feedback from businesses, accountants and Parliament. This is good news because it means that businesses will now have more time to implement the changes required. Similarly, many smaller businesses or self-employed individuals will not have to
What does HMRC’s Making Tax Digital Scheme mean for you? Making Tax Digital forms the main part of HMRC’s big plans to reform the UK tax system. The Making Tax Digital scheme was announced in March 2015 and since then, there have been various consultations and government debates on the topic. This is the largest