Year-end Provisions

You might read the title to this article and wonder what it is about? Well, to set the scene, the year-end for your business is fast approaching, you regularly look at your profit and loss, balance sheet, debtors and creditors on XERO, QBO or SAGE, but realise that there are things that haven’t been taken […]

New timetable for Making Tax Digital

The government has announced a revised timetable for the introduction of Making Tax Digital for Business (MTDfB). MTDfB introduces extensive changes to how taxpayers record and report income to HMRC. Unincorporated businesses, including landlords, were expected to be the first to see significant changes in the recording and submission of business transactions but the government […]

Making Tax Digital Software – What’s the Situation?

Following the release of HMRC’s response to the MTD consultation documents last week, more information is now coming through regarding the practicalities of the making tax digital software requirements. One of the most significant concerns that came through from the consultation and the Treasury Committee is the timescale over which the program will be implemented. […]

Making Tax Digital

What Progress has been made with ‘Making Tax Digital’? We last reported on the Government’s plans for “Making Tax Digital” in December. This will apparently revolutionise the way in which our tax affairs are reported. Everyone will have access to a “Personal Tax Account”, and anyone with property income or self-employment income over £10,000 having […]

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