Latest making-tax-digital

The latest of our series of MTD seminars was held at the March office last night. This was well attended and gave clients an overview of MTD and what it means for them. The presentation was followed by a Xero demonstration, which highlighted the benefits of moving to a cloud based package over and above…

HMRC have recently issued further information regarding MTD , stating prioritising EU exit work is delaying plans to introduce further digital services for individuals. This however ONLY affects simple assessment and real time tax code changes, HMRC are still striving to encourage further uptake of personal tax accounts. Simple assessment was intended to take two…

Friday evening saw the next in our series of MTD seminars, held at our Bury St. Edmunds office, where we had a full turnout. We explained to clients the implication of  MTD that launches for VAT registered business over the VAT threshold starting in April 2019 and how the changes would directly affect them, as…

Monday evening saw the third of our MTD seminars, held at our Ely office. Having sold out very quickly, we had a full turnout. We explained to clients what MTD was and how the changes would directly affect them, as well as talking through the benefits of changing to digital accounting records. Following the presentation…

  So you have been successfully running your business for a number of years and now HMRC have introduced a making tax digital initiative which is going to change how you do things for the future.   You are now expected to start keeping digital records of your accounts, so what is the next step…

       Our second MTD seminar was in St Ives at the Slepe Hall Hotel on Thursday 12th April. Which was a much more convivial venue. A smaller group meant more personal conversations with our clients and we were able to give a number of clients the time they needed to fully understand the next steps for…

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…

  It is great to see W&P continuing to actively communicate the requirements and challenges of MTD to clients and prospective clients, and this proactive stance should continue throughout the transition to MTD and beyond. The greatest challenge for us in this communication process is the ‘clarity of the message’ we deliver.  What does this…

If your turnover is over £85k and you are VAT registered, you now have just over twelve months to ensure you are using HMRC approved accounting software to be able to be able to submit your VAT return. HMRC’s timeline is now as follows:  

  The MTD machine is moving along and the starting date of April 2019 draws ever closer and closer.  We have been working with our clients to ensure that those VAT registered (in particular) with a turnover over the VAT threshold are implementing any changes required sooner rather than later so that any teething problems can…