We were very impressed with the quick and efficient service we received. They were very helpful and the costs were very fair. We will continue the use The Bookkeeping Guys for our tax returns and would highly recommend them. Mr P and Mrs W Ware
Following over 70,000 signatures to an online petition the government has now extended the date for which you qualify. The original cut off date was that you had to have been on the payroll by 28 February 2020 in order to qualify for the scheme. This has now been extended to the 19th March after […]
Despite the raft of massive new measures announced this week the government offered little or no support for those of you trading as a sole trader or in a partnership. As a result of this they are under huge pressure to provide further financial help from across the opposition benches as well as from trade […]
Following a week of huge announcements we have summarised them in a way we hope is easier to understand. The chancellor has set out a package of temporary measures to support businesses throughout the period of disruption caused by COVID-19. The key highlights are: a Coronavirus Job Retention Scheme grant funding of £10,000 for ALL […]
Making Tax Digital (MTD) means you won’t be able to keep and submit manual records after April 2019. Instead, HMRC will only accept VAT returns sent using software that supports Making Tax Digital for VAT. The use of this technology is compulsory so it’s a good idea to start thinking about your accounting software soon […]
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their tax right and keep on top of their affairs. HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world. Making Tax Digital is making fundamental changes to […]
We’ve taken a major step forward in this ambition with the introduction of Making Tax Digital for VAT. VAT-registered businesses with a taxable turnover above the VAT threshold are required to use the Making Tax Digital service to keep records digitally and use software to submit their VAT returns from 1 April 2019. The exception […]
Some businesses and agents are already keeping digital records and providing updates to HMRC as part of a live pilot to test and develop the Making Tax Digital service for Income Tax. If you are a self-employed business or landlord you can voluntarily use software to keep business records digitally and send Income Tax updates […]