The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures. If you are not familiar with MTD then please visit our previous blogs What is […]
Category Archives: Cloud Accounting
06
May
May
The requirement to keep digital links if you are already caught under Making Tax Digital (MTD) rules came into force from 1st April 2021 as part of the second phase. HMRC defines a digital link as transfer of data between software programmes or applications.
04
Mar
Mar
HMRC will require businesses (including landlords) to keep digital records of all their business income and expenses and report on a quarterly basis using functional compatible software.
Business Tips, Cloud Accounting, Digital Technology, Uncategorized
Now is a good time to start your digital transformation.
22
Feb
Feb
Digital transformation simply put is the process of using digital technology to modify current business process to bring better performance
Cloud Accounting, Digital Technology, Quick Books, VAT
What is Making Tax Digital and how does it affect me
08
Feb
Feb
If you own a business, or you are self-employed and you pay income tax, national insurance, VAT or corporation tax, then it is quite likely you will be affected.
New Apps are coming to the market every week, but careful consideration needs to be given to what best suits you.
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