Using Your Xero Software

As part of our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords we have a series of guidance videos demonstrating how to carry out various tasks and get the most from your Xero software https://www.youtube.com/playlist?list=PLkpP8esdBU5niMiNDG7gLYQ32HK_wB_Kn Subscribe to our channel to be notified of new guidance posted: https://www.youtube.com/channel/UCvFm0uCL3tdsuT3E7O0uDsQ

Using Your Sage Business Cloud Software

As part of our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords we have a series of guidance videos demonstrating how to carry out various tasks and get the most from your Sage Business Cloud software https://www.youtube.com/playlist?list=PLkpP8esdBU5niMiNDG7gLYQ32HK_wB_Kn Subscribe to our channel to be notified of new guidance posted: https://www.youtube.com/channel/UCvFm0uCL3tdsuT3E7O0uDsQ

Using Your Freeagent Software

As part of our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords we have a series of guidance videos demonstrating how to carry out various tasks and get the most from your Freeagent software

Using Your Quickbooks Software

As part of our Making Tax Digital (MTD) Toolkit for small businesses, sole traders and landlords we have a series of guidance videos demonstrating how to carry out various tasks and get the most from your Quickbooks software https://www.youtube.com/playlist?list=PLkpP8esdBU5niMiNDG7gLYQ32HK_wB_Kn Subscribe to our channel to be notified of new guidance posted: https://www.youtube.com/channel/UCvFm0uCL3tdsuT3E7O0uDsQ

Self-employed Business Expenses You Can Claim

HMRC have some guidance available, via live webinars to help you understand some basic principles of what business expenses you can claim Business expenses for the self-employed: Find out what business expenses are, what is and isn’t allowable and how using simplified expenses can make life easier. Available Friday 14th May 1:45pm or Tuesday 18th… Continue reading Self-employed Business Expenses You Can Claim

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HMRC Compliance Checks

About compliance checks HMRC carry out compliance checks to: make sure you’re paying the right amount of tax at the right time make sure you’re getting the right allowances and tax reliefs discourage tax evasion make sure the tax system is operating fairly Something may trigger a check. However, HMRC has the right to check… Continue reading HMRC Compliance Checks

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Accounting for import VAT on your VAT return – Postponed VAT Accounting

Question 1: I’ve heard about PVA, but I’m not sure if it’s for me. Why should I use it, and where can I find out more about it? Answer: PVA allows UK VAT registered importers to account for and recover import VAT on their VAT return. PVA is available permanently and we expect that most… Continue reading Accounting for import VAT on your VAT return – Postponed VAT Accounting

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Categorized as Brexit

Restart Grants Now Available for Eligible Businesses

Restart Grants were announced by Chancellor Rishi Sunak in his budget last month – a one off cash grant of up to £18,000 for hospitality, accommodation, leisure, personal care and gym businesses in England. The Restart Grant scheme supports businesses in reopening safely as COVID-19 restrictions are lifted. Grants are available from 1 April 2021. Eligible… Continue reading Restart Grants Now Available for Eligible Businesses