The terms of the software development agreement – that will drive the collaboration between developers and HMRC were published today. Here. The closing comments of the document caught my attention, they say: Eligibility for free software will apply where the business meets all these conditions: they’re unincorporated (for example self-employed persons or landlords) they have… Continue reading Free software for MTD
HMRC have published a list of the “washed-up” provisions in the March 2017 budget that will be reinstated when parliament reconvenes after the summer recess. The full text is reproduced below: List of provisions that will apply from the start of the 2017/18 tax year or other point before the introduction of the forthcoming Finance… Continue reading Clarity from HMRC…
Now that the changes to the implementation of MTD are known, see previous blog posting, I am revising my script and the launch of the new Landmark service, TaxBox, will kick off next week with our first video covering Making Tax Digital – it will include all the changes announced yesterday. Still time to reserve… Continue reading MTD up-to-date video available next week
I have spent most of this week helping my youngest daughter and her partner decorate, fix fences and gates, and otherwise indulge my love of DIY! Today, I am back at my PC. And yesterday, at long last, we have the summer budget, or at least it is clear that the rolled over sections of… Continue reading Eureka, MTD deferred and more…
I have just issued shares to three individuals, generated all the required minutes and other documentation, filed changes with Companies House, and the the total time taken, maybe 3, 4 minutes. It is not very often that I am moved to promote third party software, but Inform Direct’s company secretarial package is superb; and no,… Continue reading Inform Direct 5 star service
The long awaited OTS review of corporation tax has been published. Wide ranging reforms recommended, including: Small companies For the very smallest companies, to use the accounting profit prepared under accounting standard FRS105 as the taxable profit without any adjustments. For slightly larger companies, the proposal is that companies should only need to consider a… Continue reading OTS recommend simplifying corporation tax compliance
I’ve added a new phrase to my list of HMRC favourites this week, it’s “Optional remuneration arrangements” – a crossword clue – 15 letters, two words? The answer, of course, is salary sacrifice, so why the more arcane version? I picked up the heading when I was researching detailed commentary by HMRC on the recent… Continue reading Salary sacrifice clarity from HMRC
Came across this software by Landlord vision seems to combine property management with recording financials and therefore invaluable for MTD purposes. Has anyone experience of clients using this?
Without doubt, lack of time is the constant companion of practitioners. We all know the issues that are likely to cause problems for clients, it is another matter to make space to provide clients with accessible information on these key issues and kick-start a conversation that will conclude with new advice given. The pundits are… Continue reading Cross-selling: Need to contact clients?
Watch and listen is the new byword for capturing the attention of your website visitors. According to research, it is much easier to communicate ideas via a video than a page of fine print. Our first TaxBox video will be relaesed in the next two weeks and will cover one of two “hot” topics: Making… Continue reading MTD v salary sacrifice demise