Category Archives: Latest News

COVID-19 Support for Employers

payroll

Covid-19 Support for employers The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of Covid-19 support for employers including the Coronavirus Job Retention Scheme (CJRS).  This allows employers to claim 80% of the wages of their […]

COVID-19 Support for the Self-employed

CIS-construction-industry-scheme

Covid-19 Support for the Self-employed The Chancellor of the Exchequer has announced temporary and targeted measures to support people and businesses through the period of disruption caused by COVID-19. This includes a package of support for those who are self employed including a Self-employment Income Support Scheme and through deferring Self-Assessment payments on account Deferring […]

How to get your business ready for the end of the Financial Year

How to get your business ready for the end of the financial year

We’re nearing that time of year again.  Some people dread it but there are things that can be done now to ensure the entire process goes much more smoothly.  Get ahead with these tips. Payroll Software If you’re an employer you’ll most likely be paying your employees through payroll software. In preparation for the end […]

Find out more about Making Tax Digital

Making Tax Digital

As of the 1st of April 2019 VAT-registered businesses with a taxable turnover above the VAT registration threshold (£85,000) need to keep digital VAT records and submit their VAT return to HMRC using Making Tax Digital-compatible software. This was made mandatory for VAT return periods starting on or after 1 April 2019. Taxable turnover includes […]

Self Assessment Deadline

Self Assessment Tax Return

Self Assessment Deadline The Self Assessment deadline is the 31st of January 2020 for the tax year 2018/19.  Many people find completing their self assessment tax return daunting and time consuming.  Some 700,000 failed to submit it to HMRC by the on-line Self Assessment deadline (31st January) in 2019.   Make Sure you are not […]

Making Tax Digital – Key messages for businesses and landlords

Making Tax Digital

When it comes to Making Tax Digital there are some key messages for businesses, other VAT-registered entities and landlords. From 1 April 2019, VAT-registered businesses, with a taxable turnover above the VAT threshold (currently £85,000), are required to keep digital records for VAT and send HMRC returns using MTD-compatible software.  You can find out more […]

Changes to the Making Tax Digital VAT GOV.UK pages

Making Tax Digital

HMRC have made some changes to the Making Tax Digital VAT GOV.UK pages. They have been reviewing the MTD for VAT pages – withdrawing some content and adding some new stuff. The major change is that they have split out the agent and business MTD sign up pages. To view the Changes to the Making […]