Chartered Tax Advisers & Accountants

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My Making Tax Digital Blog, Part IV, which software solution is right for you (and me)?

Published On: 02/05/2017

If you were with me last time, I finished my last blog by noting that the cloud accounting software supplier XERO are advertising rather a lot on the radio at the moment.  Fair enough, they recognise that there is likely to be a lot more interest in their product in the next few months as small businesses realise that they will almost certainly have to do something about Making Tax Digital.  However, the fact that they are not taking part in the HMRC pilots (which is what HMRC told me) does make me think they are piggy-backing on everyone else’s efforts.

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My Making Tax Digital Blog, Part III, in which HMG decides to hit the pause button

Published On: 25/04/2017

I am sure that you know by now that the government has decided that their plans for Making Tax Digital were perhaps a tad rushed and consequently it’s better that we have another year to prepare for this seismic shift, which my friends at M&S tell me is the biggest change in the tax system since self-assessment.

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My Making Tax Digital Blog Part II, free trial, FreeAgent plus some more cynicism

Published On: 20/04/2017

Hopefully you’ll recall in my earlier blog, I’m taking part in HMRC’s pilot to evaluate the MTD software that businesses like mine – and if you’re self-employed then almost certainly yours too – are going to a have to use from April next year.

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Residence Nil Rate Band (RNRB)

Published On: 04/04/2017

From April 2017, a new relief called the residence nil rate band (RNRB), for inheritance tax (IHT), is being phased in.

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Fourth Annual M&S Charity Golf Event

Published On: 28/03/2017

If you were at last year’s M&S Golf Day, you may remember this…

 

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Budget 2017 - At A Glance

Published On: 10/03/2017

Personal Allowances and Income Tax Thresholds

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Budget 2017 - Looking To The Future

Published On: 10/03/2017

Even more so than most recent Budgets, in the last ever Spring Budget on Wednesday, there was actually very little of any relevance that will take immediate effect, even the headline announcements about increased Class 4 National Insurance Contributions (NIC) for the self-employed and the reduction in the dividend allowance.  For the most part, gone are the days when changes took effect from midnight on the day of the Budget.  That is certainly a good thing in terms of avoiding last minute panics to get something through or paid before the change was implemented and it does allow businesses and taxpayers time to plan a bit more.

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BUDGET 2017 – HAS ANYONE OUT THERE BEEN LISTENING?

Published On: 08/03/2017

For once we are both pleased and surprised to say HMRC have been.  After mounting criticism and almost unanimous requests from small businesses and their representatives, HMRC have today announced a one year delay in the introduction of Making Tax Digital for Businesses (MTDfB) with a turnover below the soon to be introduced £85,000 VAT threshold.  This turnover threshold will also apply to landlords with an annual turnover of less than £85,000 per annum.

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My Making Tax Digital Blog – starting with some cynicism!

Published On: 02/03/2017

Probably against my better judgement, I’ve agreed to take part in HMRC’s pilot to help them evaluate the MTD software that will become essential for most small businesses to use to complete their quarterly tax “returns” (sorry, submissions, we’re not doing tax returns now, no siree), from April 2018.

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Save The Date for the 4th Annual M&S Charity Golf Event

Published On: 07/02/2017 Read more