Making Tax Digital - your next steps What do I need to do now? Check whether MTD could affect you and how to prepare with QuickBooks. Get started MTD with QuickBooks See why QuickBooks' HMRC-recognised accounting software is the right choice for MTD. Find out more...
In this article/guide, we’re going to go over the basics of MTD, its benefits, and how it’s going to change the system’s status quo. What is Making Tax Digital and what does it mean for businesses? MTD is a government initiative to reform and modernize the UK tax system, ...
As mentioned earlier, you can hand off a lot of the workload around MTD to your accountant once MTD for Income Tax is up and running. But you still need to use software to keep your accounting records digitally. In other words, you can’t just ask your accountant to take care of all...
Someone who's using YTD for a calendar year reference would be referring to the period from Jan. 1 of the current year through the current date. They would mean the period between the first day of the fiscal year in question and the current date if they were using YTD for a fiscal yea...
Benefits of Cloud Accounting Moving accounting from the desktop to the cloud has been a huge leap forward in financial management, with many of the drawbacks and cost implications of traditional accounting being removed from the equation. But how exactly does cloud accounting benefit your business?
What would happen if I lived in a house with a nuclear bunker, and the doors were like the blast doors that you see in the movies, and they were impractical to break down? Would “Sorry I’ve lost the key” be an offense then? Does the law require you to open locked doors if the...
Also this blog only focusses on replication of data in near real time and not the initial load. Initial load can be and is far different from replication. What does it replicate? Material Cost Estimate Creation Change AIF Namespace – /FINCF AIF Interface Name – CE_MAT Table – Trigger ...
You can find out more abouthow to sign up to MTD for Income Taxon the gov.uk website. You’ll have to do this via a software provider, instead of through HMRC. How to file a MTD VAT return HMRC-recognised accounting softwarehas an MTD for VAT function, which you’ll need to use ...
If you invest in something for your business, you’re going to want to know the return you’re getting from it. How does it make your business better? Is it a worthwhile investment? What about the difference between real returns, a negative return and a cumulative return over periods of ...