Making Tax Digital For Income Tax

As we prepare for the implementation of Making Tax Digital, it’s useful to know the ins-and-outs of the different stages of this legislation. We recently published an article discussing the first stage of Making Tax Digital – MTD for VAT. Today, we will be covering Making Tax Digital for Income Tax. Although this following stage…

Making Tax Digital for VAT

We recently covered the fundamentals of Making Tax Digital (MTD): whom it will affect, when it will come into effect, and the first steps to being MTD-ready. So now it’s time to get into the intricacies of this upcoming legislation. In this article, we’ll be talking about Making Tax Digital for VAT – the first step…

2018 Budget Statement predictions: IR35 and MTD

It has been announced that Chancellor of the Exchequer, Philip Hammond, on Monday 29th October, will present the 2018 Budget Statement. Many were expecting the Autumn Budget to be presented at a later date, but it has been brought forward to avoid clashing with any potential fall-out from the final Brexit negotiations.   IR35 For…

Fuss-free finances with FreeAgent

FreeAgent was designed specifically with small businesses and the self-employed in mind, with a wide range of features formulated to simplify the administration of contracting. For the second year running FreeAgent was awarded Small Business Accounting Software of the Year, at the Accounting Excellence awards. It is an excellent cloud-based accounting software that makes updating…

The benefits of using an accounting software

An accounting software can compliment the service provided to you by your contractor accountant as it allows you keep on top of your day-to-day bookkeeping alongside receiving support, advice and guidance from your accountant. It can really help to make your contracting life a lot easier, giving you more time to concentrate on the important…

Making Tax Digital: what you need to know so far

The Making Tax Digital (MTD) initiative was first proposed in the 2015 Spring Budget. It is an essential part of the government’s strategy to make the tax administration system more efficient, effective and easier for taxpayers.   What does this mean for you? Making Tax Digital aims to make it simpler for business-owners, landlords, and…