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making tax digital deadline

By Richard Woolgar

26th April 2022

Making Tax Digital – VAT compliance

Over the last 3 years HMRC have started implementing their Making Tax Digital (MTD) VAT requirements, the gradual introduction has now concluded. Since the 1st of April 2022, it is a legal requirement for all VAT returns to be sent digitally and direct from software that provides a digital link for sales & purchases from sales system to return. If your business is not compliant, it is key to plan for changing this.

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By Richard Woolgar

20th April 2022

Xero User News - End of HMRC’s MTD soft landing period

When HMRC implemented Making Tax Digital (MTD) for VAT three years ago they allowed a soft-landing period for businesses to become fully compliant with the requirements of MTD. That period has now ended...

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rising costs energy plug

By David Richmond

14th April 2022

Navigating your business through the energy crisis

With energy prices at record rates in the UK, and experts not expecting a return to the levels we saw at the start of 2021 for some considerable time, many businesses will be looking at ways they can minimise the impact on their cashflow.

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Potential tax saving farmers land

By Andrew Robinson

14th April 2022

The difference between profit and cashflow

Each month we answer some of the most pressing questions sent in by farmers as part of the Farmer’s Weekly Business Clinic.

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agriculture worry outlook

By Andrew Robinson

8th April 2022

Outlook on Agriculture for 2022/23

It feels very much like a game of two halves within agriculture and our client base currently, with many sectors having had a reasonable last 12 months due to decent livestock prices and commodity prices. However, we should not underestimate the severe difficulties the pig industry especially is having.

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wooden blocks inflation

By Armstrong Watson

6th April 2022

90% of northern owner managed business fear that inflationary pressures will impede their growth in 2022

Inflationary pressures pose a huge risk to the SME sector with 90% of owner managed businesses in our region reporting these will impede their growth in 2022.

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By Richard Cole

4th April 2022

Investing Through a Crisis – What War in Ukraine Means for Markets

Richard Cole, Fund Manager, Future Money LTD, discusses what the war in Ukraine means for investors.

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Tips and tricks contacts Xero

By Armstrong Watson

1st April 2022

Tips & Tricks - Contacts

Did you know you can view the invoices, bills, and payments for each individual contact on their contact record?

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Register trust The Trust Registration Service

By Armstrong Watson

1st April 2022

New Trust Requirements – Should my trust be registered with HMRC?

The Fifth EU Money Laundering Directive, commonly known as 5MLD, which took effect for trusts from 6 October 2020, then extended this requirement to now apply to the vast majority of trusts (even non-taxable trusts), unless specifically excluded.  

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woman working on laptop

By Hayley Towlson

25th March 2022

Executive Income Plans - a necessary expense for small firms?

Executive income protection is a benefit primarily for key employees and directors, where premiums would be classed as a business expense.

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