Read extract or Click on Logo below to watch video: HMRC’s Making Tax Digital (MTD) proposals apply from April 2019 for VAT: from 2020 the self employed and landlords will be required to submit five tax returns per year. This brings about new challenges in terms of the design of penalties for late filing and […]
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Our (hopefully) insightful ramblings…things that occupy our mind!
As the number of accountants has increased and online bookkeeping has become a way of life for many entrepreneurs, the average cost of accountant services has gone down. Accountant prices vary but when you’re considering the average cost of an accountant for small businesses, what you pay in fees will either be mainly or completely […]
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The Spring Statement 2018: the key announcements small businesses should know: 1. The next business rates revaluation will take place in 2021 In 2017’s Autumn Budget, the chancellor announced that business rates revaluations would take place every three years rather than every five, meaning business rates better reflect current property prices. In today’s Spring statement, […]
HMRC released draft guidance for MTD on VAT in December 2018. VAT MTD Guidance Cloud Accounting (NI) attended an HMRC presentation last month (jointly facilitated by the ICAEW and the VAT Practitioners Group). HMRC have a very clear idea about how this will work in practice but judging from the questions asked that has so far […]