We do like every aspect of bookkeeping to be as simple as possible, so it’s probably no surprise that Pandle is on HMRC’s list of recognised software suppliers supporting Making Tax Digital for VAT. What does MTD for VAT mean for your business? From 1st April 2022 onwards any VAT registered businesses in the UK…
Why has the government introduced Making Tax Digital for VAT? HMRC have issued VAT notice 700 / 22 (Making Tax Digital for VAT) so that accountants and businesses will be able to efficiently file and preserve records digitally going forward. The modernised process, will comply with the legal requirement of submitting VAT records using software,…
Making Tax Digital (MTD) is a government initiative that will change the way that businesses file their tax returns. It will mean the end of the annual tax return, which will be replaced with quarterly submissions. Individuals and businesses will be able to log into a personalised digital tax account where they can clearly view…
If you’re about to submit a Self Assessment or you’re still fairly new to it, then you might stumble across ‘payments on account’. These are basically advance payments that you make towards your self-employed tax bill, but not everyone needs to make them. To help you plan ahead and manage your cash flow, we explain…
When you start a business, whether it’s on your own as a freelancer, with someone else in a partnership, or as a limited company, you’ll need decent bookkeeping processes in place to keep the cogs turning. But where do you start if you aren’t entirely sure what bookkeeping is, or how it works? We’ll guide…