Making Tax Digital (MTD) is HMRC's term for submission of tax information online. The revised implementation date was announced in July 2017 and now we have a little more information about what will be expected.
 
 From April 2019 VAT registered businesses over the VAT registration threshold (£85,000 for 2017-18) will have to submit their monthly or quarterly VAT returns online through their accounts software. VAT registered businesses below the VAT registration threshold will not be required to but can submit in this way voluntarily. If you submit annual VAT returns you will be able to continue to do this. …

Bookkeeping is defined as "the recording of all financial transactions". Sounds simple but if that was the case why is bookkeeping a career with qualifications ranging from Level 2 to Level 4? 
 
 The financial transactions of a sole trader's business to those of a huge organisation vary enormously but whatever level of transactions there are bookkeeping principles to follow. A sole trader business can be just as complex as a limited company business, maybe more so in some cases - we certainly deal with sole traders who have high value businesses and large numbers of transactions as well as limited companies who have very …

It is surprising how many emails I receive asking how much we charge for bookkeeping. Of course that is the uppermost thought when deciding to get some outside help with something. How much is it going to cost me? But how can I give you a price when I have no idea what you need, what your business does, whether your accounts are up to date or in a mess or whether you have a VAT return due next week.
 
 We do not have a "one price fits all" package. …

Every individual and every business now has access to an HMRC account which, by 2020, will show their overall tax situation. VAT, PAYE, Self Assessment Tax and Corporation Tax accounts will all be in one place giving an individual or business owner an overview of their personal and/or business tax liability. Individuals will be able to access this account from a digital device at any time to see their tax situation, update their information or register for new services. …

Taking time out from the normal day to day routine (although our days are far from routine!) is an opportunity to open your mind to fresh thinking and new ideas.
 
 Last week Sarah and I attended Sage Summit in London - a two day conference showcasing Sage products and a chance for Sage to share its recent developments and enhancements and their plans for the next 12 months. Deborah Meaden and Martha Lane Fox were …