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At Xerocon 2018, held Wednesday and Thursday last week, we heard how the number of Xero Subscribers has now reached over 1.6 Million Worldwide.   Xero’s focus on becoming THE Small Business Platform is greater than ever, with recent market research confirming how users of Xero really do save time, in some cases as much…

Reference to VAT Notices 700/21, 700/22 and 731 suggests that a business using Cash Accounting for VAT under Making Tax Digital will be required to:- Maintain digital accounting records at transaction level: Keep a digital VAT account using Accrual accounting; Cross reference Monies Received and Paid against individual Sales and Purchase invoices within their digital…

We are delighted to announce that two of our chosen software providers have just won national recognition in the 2018 Accounting Excellence Software Awards held in London on 20 September: Xero Accounts – Winner – Accountancy Excellence Awards 2018: Small Business Accounting Software of the Year, Practitioners’ Choice. Receipts Bank – Winner – Accounting Excellence…

It’s time to decide how you will digitalise your records in order to meet HMRC requirements ahead of April 2019 HMRC wants the UK to be one of the most digitally advanced tax administrations in the world, improving efficiency, effectiveness and ease of compliance. Their plans signal the end of paper accounting for millions across…

Whiting & Partners hosted their first Business Fayre on Thursday 20 September at Knights Hill Hotel in Kings Lynn. The event welcomed exhibitors from across a number of industries including insurance, software support, IT, Land Management, HR, Business Growth, marketing and promotions. Each business had the opportunity to chat to delegates and advise them on…

With the countdown to MTD just 6 months away, HMRC have launched their online marketing campaign to raise awareness of the new system to small business owners. This follows some criticism from professionals including accountants of the lack of preparation, support and advice from HMRC ahead of the changes. This knowledge gap has been felt…

A recent survey by the ICAEW has disclosed that over 40% of businesses which are imminently to be affected by the Making Tax Digital legislation for VAT are not yet aware of the Inland Revenue’s initiative, despite the deadline for dealing with the changes being from April 2019. Of the 60% of businesses that are…

As we head towards the end of summer and we start to prepare the children to go back to school, life starts to get back to normal. If you run your own business you may want to use this time to start planning ahead for the changes in the way you file your paperwork with…

We are very proud to announce that on 23 May 2018 we achieved Xero Platinum Champion Partner status, joining a select group of 80 other firms Nationwide.  The hard work of all Partners and Staff in reaching this milestone is a credit to each individual and the Firm as a whole. Many of our clients…

We have begun the first of eight seminars discussing the preparation needed for making tax digital. Our first seminar kicked off in Huntingdon at the Marriott hotel and was a great success. With around 30 people attending we explained to clients what making tax digital was, how it was going to effect them and more…