We understand that for the majority of business owners, the thought of bookkeeping and ensuring your accounts are in order can sound very boring, complicated and all-in-all, something you want to put off doing. However, having excellent bookkeeping skills is something that every business owner should be striving for. Here’s 7 of our top…
Tag: Accounts
10 reasons to get your tax return done early
The deadline to submit your tax return online is 31st January 2022. Whilst this may seem like you have plenty of time, everyone is always so shocked at how quickly it comes around. As accountants, we always try to encourage our clients to start preparing for their tax return as soon as possible, and to…
What is Making Tax Digital?
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 HMRC using approved software. When…
HMRC delays in checking tax returns
HMRC have warned that there will be major delays in the checking of tax returns for the 2020/21 tax year. With so many changes for many self-employed individuals this year, including CJRS (furlough) and SEISS grants, HMRC are manually double checking any tax returns that have been in receipt of either CJRS (furlough) and/or…