Tag

Making Tax Digital

Articles, news and advice on Making Tax Digital (MTD) – the government’s initiative to simplify tax accounting for UK businesses and individuals.

Making Tax Digital

All small businesses to go Making Tax Digital by 2024, Treasury suggests

Small businesses account for £13.4bn of the missing £31bn owed to HMRC each year by people and companies not paying enough tax

Accounting

How to boss payroll year-end during Covid-19

It’s hard to imagine a tougher year for business, with coronavirus and Brexit disrupting normal operations and making it hard for organisations to work cohesively

Making Tax Digital

Halt rollout of Making Tax Digital to smallest businesses, urge MPs

MPs question forcing the smallest microbusinesses to adopt expensive accounting software, say small businesses have hurt enough already

News

Labour to stop rollout of Making Tax Digital to all small businesses if it wins

Labour publishes 20 Pledges to Business bringing together all its reforms to help small businesses, including creation of Business Development Agency

News

HMRC dismisses late tax return fines for struggling small business owners

For the second time in two months, thousands of businesses have escaped late penalties on their tax return.

Accounting

HMRC’s new digital VAT rules – 6 steps for submitting tax returns correctly

This handy checklist will give you the lowdown on how to comply with HMRC’s rollout of Making Tax Digital (MTD) for VAT.

Business Technology

Making Tax Digital bridging software: what is it and how much does it cost?

Making Tax Digital is on the way and bridging software is the easiest way to become MTD-compliant for those who need to prepare.

Tax

Making Tax Digital exemptions deadlines are unrealistic

Guidelines for those wishing to register as exempt for Making Tax Digital have been announced but these leave little time to apply according to one tax body

Business Technology

Making Tax Digital: what do I need to do before it’s introduced?

Here, we take a look at what Making Tax Digital means for you and how some entrepreneurs might struggle.

Making Tax Digital

Why Making Tax Digital could make a large dent in the UK’s tax gap

Making Tax Digital is coming up fast and it could be the key to closing the tax gap. Brian Palmer of AAT explains why.

Accounting

Why accountants should embrace Making Tax Digital

Here, Manchester-based accountancy firm Alexander & Co outlines how companies can embrace Making Tax Digital.

Tax

Digital tax switch: How SMEs can ease the transition to digital taxation

The digital tax switch over is fast approaching and business owners need to be prepared for one of the biggest changes in the UK revenue and customs system in a generation.

Business Technology

Future-proof your business communications set-up

Landlines as we know them will be scrapped in 2027 – along with a raft of upcoming business changes. Here's how to ensure your communications set-up is fit for whatever the future brings

Business Loans

A guide to getting a small business loan

Everything you need to know on what small business loans are and what types of loan are available for your business.

Business Technology

Friendly guide – top tips for small businesses switching to VoIP

With the landline shutdown coming fast, there’s never been a better time to switch to VoIP. Don’t let your small business be left behind!

Export & Import

Avoid delays with exports and imports

Many factors can affect products’ journeys from A to B. Here are some tips for best practice for successful shipping in the modern world