by Gary Woosey | Jun 8, 2021 | Tax
As many employees began working from home during the height of the coronavirus pandemic, they used less paid childcare, as many before school clubs and nurseries were closed. Therefore, employees who use the childcare voucher scheme will most likely have unspent...
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...
