Insights
Our experts provide their insights on the latest industry developments and share tips on accountancy and business matters.
Lawrence Slade
Business Advisory Manager
07 February 2022
Getting closer to your rural business with sector apps on XeroIt is no secret that one of the keys to success is to be proactive and look now at ways to future-proof your agricultural business so that it provides for generations to come - we’ve shared some of our top app recommendations to improve efficiencies for your rural business.
Laura Carter
Early Careers Senior Manager
20 January 2022
MTD for VAT legislation from 1 April 2022 – are you affected?Making Tax Digital (MTD) is a vital component of the Government’s plan to make it easier for individuals and businesses to get their tax right and keep on top of their affairs through a fully digital tax system. From 1 April 2019 MTD compliance became mandatory for most VAT registered businesses with a taxable turnover above the current threshold (£85,000), and the next phase of MTD for VAT is coming into force on 1 April 2022.
Laura Carter
Early Careers Senior Manager
08 October 2021
How embracing digital could be easier than you thinkMost businesses have had to implement some form of digital solution to continue operating during lockdown. However, your digital journey should not stop as lockdowns begin to lift and life returns to a sense of semi-normality, and for businesses who have not yet started their journey… the time is now.
24 September 2021
An extra year to prepare for MTD for Income Tax Self AssessmentHMRC has announced that businesses will have an extra year to prepare for the digitalisation of Income Tax, with Making Tax Digital for Income Tax Self Assessment now due to be introduced in April 2024.
29 June 2021
HMRC update on filing returns for Non-Making Tax Digital VAT registered clientsIn April 2021, HMRC began transitioning over traders who are not yet signed up to Making Tax Digital (MTD) for VAT, to a single database (homing both non-MTD and MTD VAT registered businesses). This process is in readiness for when those traders do sign-up between now and the mandatory date of 1 April 2022.
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