Protecting your organisation from cyber threats is more critical than ever in today’s digital age. One of the most effective ways to protect your organisation from cyber threats is through comprehensive end-user training. Decisive IT is Whitings LLP’s IT consulting and support subsidiary and we offer an end-user cybersecurity training service. This provides a…
Making tax digital (MTD) for income tax is being delayed, originally due to come in from 6 April 2023 this has now been delayed. New proposed timetable: 6 April 2024: MTD for individual landlords with >£10k pa of rental income. 6 April 2025: MTD for general partnerships. No sooner than 2026: MTD for corporation tax.…
Do you use Xero? If you do, then multi-factor authentication when logging in will become compulsory after 2 July 2021. From 1 June you will be prompted to set this up but can defer up until 2 July 2021. Having a second layer of security is designed to prevent anyone but you…
Sage50 VAT T codes (from v27.1 onwards): T0 – Zero rated transactions T1 – Standard rated transactions – Currently 20% T2 – Exempt transactions T4 – Sale of goods to VAT registered customers in EC T5 – Lower Rate – Currently 5% T7 – Zero rated purchases of goods from suppliers in EC T8…
We are in the middle of the biggest crisis our country has seen in decades, and for the majority of us, we are all working together to get through this. However this has created a new danger with cybercriminals looking to exploit our fears or to scam us financially. You may receive emails or…
As the world becomes more digital, it leaves us wondering where further efficiencies could be achieved through switching to more high-tech methods. One possible area for auditors is stocktaking. For an audited entity with significant levels of stock at the year end, it is likely the auditor will want to perform test counts of the…
As we approach the 1 April 2019 deadline for the introduction of MTD compliant VAT submissions, many businesses will at last be focusing on what solution they should adopt. If their current bookkeeping system does not already have an upgrade that automatically provides this new functionality, they will be considering adopting ‘bridging software’. Looking through…
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…
Sage 50 VAT T Codes. Sage 50 Accounts book keeping software populates its VAT return by using tax (T) codes to indicate which VAT rate to apply to each transaction. Whenever you post a transaction in Sage 50 Accounts you must enter the relevant T code: T0 – Zero rated transactions (eg most food, books, new builds,…