We know the budget delivered a couple of blows to the self employed – a stepped increase in class 4 NI – and also to company directors – with a reduction in the dividend allowance from £5,000 to £2,000.  But there was some good news regarding Making Tax Digital. This will be deferred until April…

Following our attendance at an HMRC Making Tax Digital (MTD) update last night, we thought it might help to post an update on Making Tax Digital (MTD). The first thing worthy of note is that the acronym MTD was last night lengthened to MTDFB – Making Tax Digital For Businesses.  MTD is definitely happening.  And…

Regular readers will be aware of HMRC’s MTD revolution – “Making Tax Digital”.  They started a consultation in August 2016 and this consultation has now finished as of 31 January 2017. Michael and I are attending an update of the MTD consultation on Valentine’s Day – such a romantic, my husband! – to see what happens…

Happy New Year to you all.  We wish you all health, happiness and prosperity in the coming year. Now that the Christmas festivities are over, and the children are back to school, life returns to normal.  BUT the 31 January deadline is looming large for anyone who has to file a self assessment tax return….

Please note that our office will close at midday on Friday 23rd December and will reopen for business on Tuesday 3rd January 2017. MERRY CHRISTMAS TO ALL AND WISHING YOU AND YOUR FAMILIES A REALLY WONDERFUL CHRISTMAS AND HEALTH HAPPINESS AND PROSPERITY FOR 2017.  

What did you think of the Autumn Statement from our new incumbent Philip Hammond?  You may possibly have thought there was not much in it, and you may well be right; lots of information on the OBR forecasts, particularly in view of the recent Brexit vote, confirmation that the previously announced the reduced rate of…

Here’s hoping you had a great Halloween weekend and were not scared to death by ghosts, ghouls and nasty surprises. Let’s hope that any interaction you have with HM Revenue and Customs don’t also result in a nasty surprise! Start planning now for your self assessment deadline of 31 January 2017.  If you normally file…

Well, autumn is definitely here! As I sit at the computer typing this post, I am looking at the condensation on the windows and feeling the chill in the air outside.  Many people are now on the countdown to Christmas, but many accountants are more usually focussed on the January 2017 deadline! If you are…

Those of you with children may now be breathing a sigh of relief as the children return to school.  It is difficult to juggle work life and home life.  If you are self employed, it is also difficult to juggle actually working your business and keeping up with the administration of your business.  Many people…

Back from our holidays and raring to go!  Many thanks to those of our clients who have got their paperwork in to us whilst we were away. We are now six months in to the tax year and despite the Brexit vote, things at the moment seem to be continuing in the same vein as…