A heads-up for sole traders and landlords: the way many people report their taxes to HMRC is changing. Under Making Tax Digital (MTD) for Income Tax, the days of keeping a folder of receipts and dealing with everything once a year are gradually coming to an end. Instead, you’ll need to keep digital records and … Continue reading
Making Tax Digital for Business (MTDfB) starts 01 April 2019 for VAT-registered businesses over the VAT threshhold, and from 01 April 2020 for all others. To get my clients ready – whether mandated to submit tax returns in 2019 or later – I will be test-driving various software from the published list of approved providers … Continue reading