Category Archives: Cloud Accounting

Small Business Strategy

A recent survey by the Federation of Small Business (FSB) states that almost 50% of their businesses will face stagnation in growth due rising costs of operation.  As a business you need to review your risks and your small business strategy. Against the background of soaring inflation, the war in Ukraine, global supply chain problems, […]

Capital or Revenue Expenditure

Knowing whether business expenditure is capital or revenue is essential to the preparation of correct accounts and tax returns, but it is sometimes difficult to decide what is the right treatment. HM Revenue and Customs (HMRC) has recently updated its guidance on the most common errors. First the basics: revenue expenditure is deductible in computing […]

Desktop Vs Cloud Accounting – what’s the best accounting software for my business?

cloud software, digital accounting

Even the most experienced decision makers rely on accurate data to help them make sound decisions. As a forward-thinking business owner, you deserve a forward thinking accounting software to provide you with the financial data you need to drive decisions.    As you grow your business even the more simple tasks, like keeping records of […]

How can your business be more sustainable?

In case you haven’t heard the UK is hosting COP26, the 26th United Nations climate change conference next week in Glasgow. Somehow although we are hearing about this huge event almost daily, for most of us it will still feel as if it is something that is happening out there with the politicians. But should […]

Making Tax Digital (MTD) Delayed

Making Tax Digital (MTD) Delayed As we said last week uncertainty and change are in the air! So, this week we have more changes to announce.  MTD for self-employed, partnerships and landlords has now been delayed. The change that was originally set to become law in April 2023 has now been pushed back due to […]

The new penalty regime from HM Revenue & Customs

The new penalty regime from HM Revenue & Customs (HMRC) The UK tax system is moving towards a more digital system with the introduction of Making Tax Digital (MTD) and as part of it HMRC are introducing new penalty measures.  If you are not familiar with MTD then please visit our previous blogs What is […]

What is a Digital Link

The requirement to keep digital links if you are already caught under Making Tax Digital (MTD) rules came into force from 1st April 2021 as part of the second phase. HMRC defines a digital link as transfer of data between software programmes or applications.