What is ‘Making Tax Digital’ anyway?

I read recently that almost a quarter of UK businesses haven’t heard of Making Tax Digital (MTD). What’s more, 66% of the businesses surveyed only know a handful of details about the programme, or simply recognised the name, while 25% of those aware of MTD have made absolutely no preparations. So, I’m here to set the […]

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Starting up a charity: a beginner’s guide

Are you looking to raise funds for a social cause and start the process of forming your own charitable organisation? Charities and not-for-profit organisations play a critical role in our society – especially in these times of public sector austerity. They provide vital care, invest in social projects and have a positive impact on the […]

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Making tax digital – the need to move your bookkeeping online

The digital revolution is not just something that’s just affected our personal lives – it’s also had a profound effect on the business world, with more and more businesses being run ‘virtually’ in the cloud and basing their financial systems around an online approach to doing business. And this move to digital finance is something […]

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Are you ready for the changes to small business legislation?

Identifying your Persons with Significant Control and preparing a Confirmation Statement As a small business, you’re no doubt fed up with the ever-changing nature of business legislation. But the Small Business, Enterprise and Employment Act is a change in the law that you really do need to pay attention to, as it’s going to have […]

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It’s time to act on pensions auto enrolment!

As we mentioned back in October of last year, the clock is ticking if you’re not yet ready for the changes to workplace pensions. So I make no apologies for returning to the area of auto enrolment, which for many small and medium-sized enterprises (SMEs) will become a very significant reality during 2016 or very […]

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Further risks for the tax-payer!

Recently I read this article “HMRC ‘unable to trace’ accountants’ own tax records” by Pat Sweet of Accountancy Live. The article has given me food for thought and once again highlights the potential problems in giving more power to HMRC. As we’ve seen lately, the government is consulting on plans to give HMRC sweeping powers […]

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Self-assessment return blues

I’m not sure how much HMRC spend on advertising in order to cajole taxpayers to remember the 31 January filing deadline. Each year we are subjected to a slightly different approach advert. Apparently according to the promotion this year, if you file your return life becomes so easy! You never need to worry again! As […]

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If only we could have “Sweetheart” deals!

The following is an extract from an article about “Sweetheart” deals appearing today in economa, the ICAEW members magazine. The Tax Assurance Commissioner at HMRC has issued his first report about the large deals done with taxpayers under the new approach established by the department in the wake of the sweetheart deal furore Edward Troup, […]

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