Jun 11 2019 The easy transition to Making Tax Digital Categories: Amber AccountingMaking Tax Digital Following on from our previous article discussing bridging software, we have provided a detailed example of how bridging software can help with your Making Tax Digital (MTD) submissions below. We have a client who was using a manual cashbook to process their monthly VAT Return for their farm, and discussed the implications of MTD for their business. more
May 29 2019 A Day in the Life of a Bookkeeper Categories: Amber AccountingPeople At EQ, we understand that juggling the financial and operational side of your business, at the same time as actually running the business, is not easy. That’s why we have a dedicated department called Amber Accounting, to offer our expertise and support to your day-to-day financial controls, to allow you to focus on running your business. Our more
May 28 2019 Bridging Software for Making Tax Digital Categories: Amber AccountingMaking Tax DigitalTaxation With the advent of Making Tax Digital (MTD), HMRC will be expecting all businesses caught within the scheme to submit VAT returns through software, rather than through the traditional Government Gateway. Most software providers have now released MTD compliant software and this may involve paying to upgrade existing systems or changing them completely. Whilst some more
May 14 2019 Working With Our Clients – No Matter The Distance Categories: Amber AccountingHealthcareMaking Tax Digital As well as professionalism, expertise and trust, your accountant should work around you – making your business run more efficiently, rather than eating into too much of your valuable time. Time is something that South Uist Medical Practice, based in the Outer Hebrides, does not have to waste. With their priority being their 1000+ patients, more
Jan 17 2019 Our growing Payroll team could be looking for you Categories: Amber AccountingPayroll Our dedicated Payroll team, part of our Amber Accounting department, now deal with 274 payrolls for 2,446 employees. Starting with a team of two payroll administrators, we now operate a team of seven and our client base has more than tripled in recent years. We have achieved this significant growth by making improvements in efficiency, more
Jan 10 2019 Making Tax Digital – FAQ’s Categories: Amber AccountingMaking Tax DigitalTaxation We are now fast approaching the first stage of implementation for HM Revenue & Customs’ (HMRC’s) Making Tax Digital. Making Tax Digital (MTD) aims to provide a simpler and up-to-date system for taxpayers, by requiring most businesses, including sole traders and landlords, to maintain their accounting records on computer software. This should enable HMRC to more
Oct 30 2018 HMRC announce 6 month MTD deferral for some businesses Categories: Amber AccountingMaking Tax Digital The Making Tax Digital (MTD) for VAT testing phase opened up to the public on 16 October 2018. This means that any business that meets certain eligibility criteria and is currently using MTD compliant software can now sign up in advance of the mandatory adoption date of 1 April 2019. HMRC has also announced a more
Sep 26 2018 Making Tax Digital – choosing the right software for you and your business Categories: Amber AccountingMaking Tax Digital As Making Tax Digital (MTD) draws ever closer, more software providers are engaging with HMRC to test their software for functional compliance with MTD. HMRC have recently published a list of suppliers who are currently working on pilot schemes for the digitalisation of tax recording systems. You can view the list of software providers, by more
