Most Recent
Why would I want to go digital if it’s not required for MTD right now?
The deadline for Making Tax Digital (MTD) has been extended by two years to April 2026. However, nothing has changed when it comes to the immediate benefits of going digital. We’re strongly encouraging landlords and sole traders to make the switch to MTD compliance...
Chat GPT for business
Chat GPT is particularly beneficial for businesses as it can help them automate time-consuming tasks. What is ChatGPT It is an artificial intelligence technology that has the potential to revolutionise the way businesses operate. It is a state-of-the-art...
How to ask for referrals
Referrals are a key source of new business for many firms. Here’s how to ask for referrals in the right way. What is the key to ask for referrals Many people (including your competitors) are uncomfortable asking for referrals. After all, if you do great work for your...
You can increase your profits in 5 steps
XERO & OTHER TECH
What should I do to save tax in 2023?
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs and see where you can save tax in 2023 before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA...
How to open an account with Starling Bank to prepare for Making Tax Digital
HMRC’s Making Tax Digital (MTD) initiative commences from April 2024, and we’re helping our clients prepare for its arrival by setting out the best practices for the transition. Getting ahead of the curve now will have long-term benefits; setting yourself up on the...
Making Tax Digital – What’s the new guidance for VAT
HMRC have issued new guidance on the penalties that they impose for non-compliance with the Making Tax Digital (MTD) for VAT rules. In particular, there is a penalty of up to £400 for every VAT return a business files without using ‘functional compatible software’. ...
VAT AND TAX
What should I do to save tax in 2023?
At this time of year we think about New Year’s resolutions. It is also a good time to start planning your tax affairs and see where you can save tax in 2023 before the end of the tax year on 5th April. An obvious tax planning point would be to maximise your ISA...
Input tax reclaims on Road Fuel
Through our VAT review services we come across many common errors. One in particular relates to input tax reclaims on road fuel. We have put together the following guidance to help clear up common misconceptions and errors. Reclaiming VAT on business fuel costs There...
Making Tax Digital Update – Income Tax
Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022. The next roll-out will be the introduction of MTD for income tax which is scheduled to start in April 2024. The obligation to keep...
BUSINESS ADVICE AND TIPS
Why would I want to go digital if it’s not required for MTD right now?
The deadline for Making Tax Digital (MTD) has been extended by two years to April 2026. However, nothing has changed when it comes to the immediate benefits of going digital. We’re strongly encouraging landlords and sole traders to make the switch to MTD compliance...
Chat GPT for business
Chat GPT is particularly beneficial for businesses as it can help them automate time-consuming tasks. What is ChatGPT It is an artificial intelligence technology that has the potential to revolutionise the way businesses operate. It is a state-of-the-art...
How to ask for referrals
Referrals are a key source of new business for many firms. Here’s how to ask for referrals in the right way. What is the key to ask for referrals Many people (including your competitors) are uncomfortable asking for referrals. After all, if you do great work for your...