Your Guide to Making Tax Digital

Making Tax Digital, or MTD for short, is an initiative actioned by HMRC to create a simpler, more efficient tax system for everyone involved. The scheme significantly changes the way businesses record and report tax information in a bid to streamline both processes and systems. MTD rules are rolling out in stages, with VAT-registered businesses…

Our guide to corporation tax

Our Guide to Corporation Tax

Ah, Corporation Tax, the unavoidable pain in the wallet. But what’s it all about? How much is it and when do you have to pay? If you’re looking to start a limited company, we thought we’d give you a quick insight into the main points around Corporation Tax so you can be armed with the…

What You Need to Know About Self Assessment

What You Need to Know About Self Assessment

HM Revenue and Customs (HMRC) use the Self Assessment system to collect income tax. While the idea of submitting a tax return can be daunting, Self Assessment is normally more straightforward than it seems (once you get past the terminology).   Who needs to complete a Self Assessment tax return? In most cases, anyone who…

Keeping Records for Making Tax Digital VAT

Keeping Records for Making Tax Digital VAT

Making Tax Digital (MTD) is with us now, and whilst change can be daunting, non-compliance is worse! But don’t worry; once you make the move to online tax it’ll free-up time in your business to do what you do best. So, let’s take a look at the state of play with MTD and what it…

What is Bridging Software?

What is Bridging Software?

Bridging software allows businesses to link their financial records to HMRC in a way which complies with Making Tax Digital rules. Quite literally, it ‘bridges’ the gap between non-compatible records (such as spreadsheets), and HMRC.   Making Tax Digital: A quick rundown Though Making Tax Digital compliance can still send a shiver up the spine…