Category Archives: Digital Tax

Could You Be Due a Christmas Bonus from HMRC?

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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preparing for a tax inspectionThe most wonderful time of the year could be made even more wonderful for some with a Christmas bonus from HMRC. Millions of workers across the UK that work in the service industry and are paid through PAYE could be eligible to claim tax rebates on their expenses.

Find out more about the eligibility criteria and how to check if you can claim the bonus in time for Christmas.

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Making Tax Digital For Business Is Coming- Are You Ready?

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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How to prepare for digital tax If you are a business owner, you should be aware of the huge changes coming to the tax system.

HMRC are aiming for a completely digital tax system by 2020, with the first businesses having to comply with MTD legislation from April 2018.

Find out more about what digital tax is, who it affects and how you can ensure you are prepared for the change.

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Spring Budget Updates: Small Business Will Have An Extra Year To Prepare For Digital Tax

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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What Should You Expect When Working With An AccountantAs part of the spring budget, the chancellor has pledged that small businesses and landlords that fall under the VAT threshold will have an extra year to prepare for MTD; this is considered great news for the 3.1 million small businesses that fall into this category.

The announcement comes after many small business owners voiced their concern about the digital tax timeframes, with many citing they would need to make substantial investments on administration, software and technology upgrades in order to be ready to switch on the MTD deadline. Find out more about these changes, and what they mean for small businesses and landlords.

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Business Owners – Are You Prepared For Digital Tax?

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Steph

Steph is a Chartered Accountant with many years’ experience working in audit compliance and general accountancy. She is a Fellow of the ICAEW and has extensive knowledge of accountancy and tax for the self employed.
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HMRC rolling out digital taxIf you’re a business owner, you should be aware of the big changes coming to the tax system –
with the HMRC aiming for a completely digital tax system by 2020.

This change is designed to make it quicker and easier for businesses and individuals to manage their taxes. The switch will require business owners to change their approach to tax slightly, with the biggest difference being the quarterly updating of their details to HMRC.

In this blog, we will cover what the changes to the tax system will mean for businesses, and what you can do as a business owner to ensure you are prepared for digital tax.

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