Making Tax Digital

Getting your head around your business accounts can be difficult, time consuming and often overwhelming.  At Turas Accountants in Telford, we recommend Xero to all of our clients as it is simple to use, reasonably priced, and has so many features that are great for any business owner.  Excellent Reporting...

With the new Making Tax Digital legislation coming into force in the next couple of years, making sure your bookkeeping is in good order is going to be essential in helping you and your business prepare for the changes.   We know a lot of our clients are worried about...

There are going to be quite a lot of changes to the way that businesses record and report their accounts over the next couple of years with the rollout of the Making Tax Digital scheme.   One of these changes is the removal of basis periods from the tax year...

Making Tax Digital (MTD) is a new scheme that has been set up by HMRC as a way to modernise the tax system in the UK, replacing paper records with a digitalised system. Once the MTD system is in place, business owners must keep digital records and make submissions to...