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Making Tax Digital for VAT – more changes to come

19/08/2019

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 ar-reaching consequences. What’s happened so far? VAT registered businesses with income…

Open banking for Xero users

16/08/2019

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…

Improved integrations – data flow vs data entry

14/08/2019

Improved integrations between accounting software and the apps available in their ecosystems can solve complicated problems in amazing ways. As the world moves to digitalisation at an incredible pace, accounting software providers are keeping up.…

Incorporation of property business – information for buy-to-let investors

01/07/2019

Many landlords and property investors consider owning their property portfolios through a limited company rather than owning the properties personally. There is no single ‘right way’ for landlords and property investors to own buy-to-let properties.…

Have you received a tax return request from HMRC?

27/06/2019

Over the last few weeks HMRC has informed 3,000 charities that it will require them to complete a tax return this year. The returns requests are being sent to charities making large gift aid claims…

Tax efficient profit extraction for business owners

17/06/2019

You’ve worked hard to set up your business and things are going well. You want to reward yourself for your efforts. But how do you take money out of your business in a way that…

Residential property sellers face more tax changes

12/06/2019

Changes to the capital gains tax regime on the disposal of residential property could increase your tax liability and reduce the time you have available to pay it. Sales of residential property that complete on…

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

23/05/2019

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

22/05/2019

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…

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