Post Brexit: What cutting of red tape might SME’s expect? After almost a full year of foreplay, formal Brexit negotiations with the EU will eventually commence next week. Looking ahead one step further, what can SME’s expect post Brexit? And will the UK Government use this opportunity to further advance their stated policy of reducing…
In a bid to give companies more certainty over whether or not their R&D claim will be successful, HMRC introduced an advance assurance process in November 2015. If you pass this new test, HMRC will agree not to enquire into your R&D claims for the first 3 accounting periods of claiming this relief. So is…
Whiting & Partners took part in the second annual event run by RSM of Bury St Edmunds who hosted the mixed tournament at Culford School on Thursday 1 June 2017. The event was held in aid of Gee Wizz – a charitable trust raising funds for young people and their families with disabilities or debilitating…
For some clients making tax digital is now start to loom with them needing to commence quarterly returns in less than twelve months. With this in mind, they may be looking to set up new software programmes in preparation. But where do you start with the headings to use in your accounts? HMRC have stated…
Several years ago changes were made to the H M Revenue & Customs policy regarding recovery of output VAT paid over but which hadn’t been received within 6 months of the due date. Relief for the output VAT can now be obtained much more easily than under the historic process whereby notification was required to…
This blog focuses on collecting payments for your business. There are many different payment apps available to use in parallel with either Xero or QuickBooks. The application under review is an app called GoCardless. GoCardless is made by a company called Directli it allows you to take control of your payments, ensuring your…
As has been widely publicised a sole trader, partnership or landlord with a turnover of £85,000 or more, will need to comply with Making Tax Digital, potentially from as early as April 2018. This includes a requirement to operate an electronic bookkeeping system. Xero and QuickBooks are leading companies offering a wide range of support…
We still have places available for our free MTD seminar on 25 May at our March office at 8.30am. If you are a sole trader, partnership or landlord with turnover in excess of £10K, you will need to comply with MTD in the near future. Our seminar will cover the impending MTD requirements and will…
Are you a sole trader, partnership or landlord with turnover in excess of £10,000? If so, you will need to comply with Making Tax Digital, potentially from as early as April 2018. Our March office is holding a free seminar on Thursday 25 May 2017 at 8.30am to cover the new digitalised record keeping and…
All the clauses relating to Making Tax Digital (MTD) have been dropped from the Finance Bill, so many people have been asking if this means MTD will no longer go ahead? We think that this is highly unlikely. The Finance Bill has been reduced from 762 pages to an expected 140 pages in order that…