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What does your food and drink business need to do with Making Tax Digital?

Is your food and drink business ready for HMRC's Making Tax Digital inititive coming into force on 1 April 2019.

New Year Resolution – get your paperwork in order

Are you part of a farming partnership? Do you know what the annual accounts show in terms of ownership of the business? 

Is your Holiday Park ready for Making Tax Digital?

By 1 April 2019, all Holiday Parks with a turnover exceeding the current VAT registration threshold of £85,000 will have to submit their VAT returns digitally using an API interface like Xero.

Who Does 'Making Tax Digital' Apply to?

Making Tax Digital requires VAT registered businesses with a taxable turnover above the VAT registration threshold (currently £85,000) to keep their records in digital form and to file their VAT returns online using a API software but who are the exemptions to this rule?

The End is Nigh for Shoe Box Accounting

Making Tax Digital (MTD) comes into effect on 1st April 2019 and will see an end to 'shoe box' accounting. A cloud accounting package can help ensure you are compliant.

Armstrong Watson Ranked as 28th Top UK Accountancy Firm

Armstrong Watson has been ranked in 28th postion in the list of top 100 accountancy firms in the UK by Accountancy Age magazine.

Decision Makers' Dinner: Cash Management, People and More

Armstrong Watson's first Decision Makers' Dinner took place last week where a group of business owners in Leeds discussed grants, training, apprenticeships, millennials, the minimum wage, data management, use of KPIs, people and supplier & customer management

Legislation that shouldn’t keep retailers awake at night

At a recent speaking engagement I spoke about current legislation that, some of my retail clients' inform me - keeps them awake at night! 

During my talk I went on to discuss my views way to solve these issues and reduce stress.

Firstly let's look at what are the major legislations affecting retailers?

National Living Wage / National Minimum Wage

5 lessons to be learned from Yorkshire Linen's online retail strategy

5 lessons to be learned from Yorkshire Linen's online retail strategy and how they are winning with customer experience and innovative products.

Self employed status for Dental Associates under threat as HMRC launch investigation

HMRC targets 50 large dental practices to challenge their employment status. If Dental Associates are to be treated as employees then the dental practices will be responsible for significant additional costs in the form of employer National Insurance Contributions (NICs), which are not recoverable costs.