Chartered Tax Advisers & Accountants

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Making Tax Digital – A ‘surprise’ announcement

Published On: 14/07/2017

It took the Government a while but they eventually listened to the professional bodies and tax experts that the public is not ready for Making Tax Digital (MTD). 

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Making tax digital means using cloud accounting. But which software should you choose?

Published On: 27/06/2017

If you’ve been following my blogs for M&S, you’ll know that I’ve been part of the pilot organised by HMRC to road-test software, the use of which will become essential for the majority of businesses once MTD kicks in.

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My Making Tax Digital Blog, Part VII, will three or four tax payments a year become the norm?

Published On: 15/06/2017

If you read my last blog, you’ll recall that I was waxing lyrical about the fact that the government, tied to its manifesto commitment not to increase specific taxes, will have to resort to a range of stealth taxes if it wants (as it assuredly must) to increase the overall tax take to fund all its spending plans and pay for Brexit. 

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My Making Tax Digital Blog, Part VI, in which we wonder what will happen next…

Published On: 31/05/2017

Over the last few months, we’ve seen a Conservative government clobbering not just small businesses in general but also, I suspect, many of its natural supporters amongst the self-employed - not just with MTD but also with the (quickly abandoned) NIC hike and, most disastrously for many (yes, including me), the increase in the amount to be paid under the flat-rate VAT scheme.

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My Making Tax Digital, Blog Part V, it’s going to cost you…!

Published On: 16/05/2017

Making Tax Digital (MTD) is underway now, with the pilot up and running, albeit the government have admitted they are being too hasty and have knocked everything back a year.  But how much is it going to cost you, as a small (or SME) self-employed businessperson not currently using some form of acceptable software?

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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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Budget 2017 - At A Glance

Published On: 10/03/2017

Personal Allowances and Income Tax Thresholds

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