by Gary Woosey | Jun 4, 2021 | Uncategorized
Reminder letters are being sent out to tens of thousands of UK companies explaining changes in the Making Tax Digital (MTD) system and how it affects them. HM Revenue & Customs (HMRC) is writing to more than 150,000 VAT-registered businesses who don’t hold a valid...
by Gary Woosey | May 28, 2021 | Covid-19
Around 100,000 VAT-registered businesses have yet to register for Making Tax Digital for VAT, the latest figures have revealed. The research comes after HM Revenue & Customs (HMRC) wrote to businesses reminding them of their obligations. According to the...
by Gary Woosey | May 25, 2021 | Uncategorized
If you manage a business and record its expenses and revenue, you need to find a recording system that suits you. While cash basis accounting has its benefits, accrual accounting can be a more powerful tool for operating your business. So what is the difference? This...
by Gary Woosey | May 17, 2021 | Tax
Taxpayers are being urged to set up personal accounts to monitor their affairs. The Association of Taxation Technicians (ATT) is encouraging taxpayers to set up a Personal Tax Account (PTA). The call is after HM Revenue & Customs (HMRC), renewed their commitment...
by Gary Woosey | May 11, 2021 | Covid-19, Tax
It was confirmed this April that employees can continue to claim tax relief on work from home costs not reimbursed by employers, but only if they make a new claim for the 2021/22 tax year. Here’s what you and your staff need to know. What is the work from home tax...
