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Filtered By Category: Taxation

Jul 26 2019

Xero package price freeze for our clients

Categories: Amber AccountingMaking Tax Digital

Xero have recently announced a planned increase to two of their monthly subscription plans. From 1 August 2019, the standard plan is increasing by £2.00 to £24 + VAT, and the premium plan by £2.50 to £30 + VAT – for new and existing UK customers. As Xero Platinum Partners, we have historically chosen to more

Jul 5 2019

Are you signed up for Making Tax Digital?

Categories: Amber AccountingMaking Tax Digital

Making Tax Digital (MTD) is now live and if you meet the criteria for mandatory submission of VAT returns, then you should have received a letter from HM Revenue & Customs confirming this. By now you should have checked that you have suitable accounting software or ‘bridging’ software, to enable you to submit your VAT more

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 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 9 2019

EQ are finalists for the Tax Team of the Year Award!

Categories: EQ NewsTaxation

We are excited to announce that we have again been shortlisted for the Tax Team of the Year award category at the Business Insider Scottish Accountancy and Finance Awards 2019. Now in their 12th year, the awards recognise achievement in the accountancy and finance sector, rewarding quality, commitment and innovation. We were required to illustrate more

May 7 2019

How to avoid the Annual Investment Allowance trap

Categories: Property & ConstructionTaxation

Following on from our previous article regarding the recent changes in the Annual Investment Allowance (AIA), businesses need to be careful as any qualifying capital expenditure falling within the allowance could be eligible for 100% tax relief. Below is a more detailed explanation of how you can avoid the AIA trap. On 1 January 2019, a more