Category: Accounts services

Making Tax Digital for VAT – more changes to come


HMRC’s Making Tax Digital (MTD) campaign began earlier this year with the introduction of MTD for VAT.  The next phase of changes will have far-reaching consequences. What’s happened so far? VAT registered businesses with income…

Open banking for Xero users


From 14th September new EU wide standards will mean changes for businesses using Xero. Users who currently connect their bank information to their Xero account will need to update their connections to comply with new…

What you need to do now the Making Tax Digital rules are in place


The new MTD for VAT rules are now in place for those people who are compulsorily VAT registered (those exceeding £85000 turnover). These businesses need to sign up to HMRC government gateway MTD portal and…

Making tax digital (MTD) for barristers


The first stage of the Government’s Making Tax Digital (MTD) campaign came into force on 1 April 2019 with the introduction of MTD for VAT. This will affect how barristers make their tax submissions to…

Last chance for MTD for VAT test run


MTD for VAT starts in April 2019, so this is your last chance to try out the new process before you have to be fully compliant. If you have a VAT registered business and your…

Are you eligible for a business banking switch incentive?


Businesses are being encouraged to switch their Royal Bank of Scotland accounts to an alternative supplier. Are you eligible for a reward for changing your bank?   Business Banking Switch is an incentivised switching scheme.…

Payment solutions – get your cashflow flowing


Businesses that offer an online payment option on their invoices get paid 50% faster than those who don’t. In the UK, businesses that offer an online payment option get paid around 20 days or 2-3…

The gold standard


WMT is a member of Xero cloud accounting’s Partner Programme and are delighted to announce that we have been awarded Xero gold status. But what does that mean for you? With the April 2019 deadline…

Point of Sale (POS) systems – the backbone of good retail


All good retail businesses, no matter how big or small, understand the importance of an effective Point of Sale (POS) system.  A good system does more than just process sales, it helps boost sales, keep…