Are small businesses being let down by those they trust on Making Tax Digital?
Why you need to call time on the ‘shoebox’ client
How you can start improving your small client profit margins “If I had the guts, I would get rid of all my sole trader clients. They are a real pain. But they still bring in significant revenue…” an accountant recently groaned to me. Sound familiar? Each year the 31st January Self Assessment deadline sees practices […]
MTD: When is the right time to prepare your ‘once a year’ clients?
Accountants may only have three chances to introduce clients to MTD On 21 July 2020, HMRC announced the next stages of the Making Tax Digital (MTD) project. The most significant news was the expansion of MTD rules to Income Tax: Self-employed businesses and landlords with annual business or property income above £10,000 will need to […]
Xero misses key point on accountants
I read this week in City AM that Xero is campaigning to amend the definition of an accountant but their proposal is terrible. It sounds like it’s been made up by someone who is not an accountant. Here’s the proposal, “Accountant: a person whose job is to keep or inspect and advise on financial accounts”. Don’t get […]