Dec 10 2018 Would Cloud Accounting benefit your business? Categories: LeisureMaking Tax Digital From this April, the current government’s intention to bring Making Tax Digital (MTD) for all businesses, including sole traders and landlords, with a turnover above the VAT threshold (currently £85,000) to keep digital records for VAT purposes comes into force. This means that manual record keeping for VAT registered businesses will no longer be acceptable more
Oct 30 2018 HMRC announce 6 month MTD deferral for some businesses Categories: EQ 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: EQ 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
Sep 17 2018 Platinum seal of approval Categories: EQ AccountingMaking Tax Digital With just over six months to go until Making Tax Digital (MTD) legislation comes into effect across the UK, we are delighted to be awarded the status of Xero Platinum Champion Partner, the highest possible commendation for our commitment to service innovation and staff development. Xero is Britain’s leading online accountancy software, one of many more
Sep 14 2018 Are you ready for Making Tax Digital? Categories: EQ AccountingMaking Tax Digital HMRC have embarked on a massive project, Making Tax Digital (MTD), to insist that most businesses, including sole traders and landlords, keep their accounting records using computer software. The aim is that the software will automatically update HMRC with relevant data on their business income and expenses on a quarterly basis. From April 2019 VAT more
Feb 9 2018 Have you considered using Cloud Accounting software? Categories: EQ AccountingMaking Tax Digital The 31st of January is a stressful time for accountants and for some businesses. If you left the preparation of your accounts and tax returns to the last minute then you may have found that you had an unexpected tax bill and little time to find the cash to pay it. The impact on your more
Apr 7 2017 Making Tax Digital – Could the Cloud be the perfect choice for your dental practice? Categories: HealthcareMaking Tax DigitalTaxation You may be aware, that in under a year’s time, if your dental practice currently keeps its accounting records manually, you will have to be up and running on a computerised system to be able to make quarterly returns to HMRC. If you haven’t heard about Making Tax Digital, then you can find out more more
Feb 1 2017 Making Tax Digital Proposals Categories: Making Tax DigitalTaxation HMRC have embarked on a massive project, Making Tax Digital (MTD), to insist that most businesses, including sole traders and landlords, keep their accounting records using computer software with the aim that the software will automatically update HMRC with relevant data on their business income and expenses on a quarterly basis. Based on the current more