Making Tax Digital for Income Tax
July 26, 2022
With the majority of small businesses now registered for MTD for VAT, it is now time to start preparing for the introduction of MTD for Income Tax.In light of the Covid pandemic the planned start date has been pushed back from 2023 to April 2024. This may seem some way away ...
Xero Bank Feeds
June 27, 2022
Xero have just announced exciting changes to the 90 day reauthentication rule for bank feeds.Bank feeds automatically import transactions from your bank or financial institution directly into your Xero organisation, eliminating the need to import transactions manually. Once ...
Platinum Jubilee
May 30, 2022
As the nation prepares for a 4 day celebration of the Platinum Jubilee of Queen Elizabeth II, we would like to add our congratulations on this momentous occasion.
The Queen has ruled for longer than any other Monarch in British history, becoming a much loved and respec...
Xero Hour
May 3, 2022
The clock is ticking for Making Tax Digital but for many small businesses owners the prospect of changing their existing accounting system to to an MTD compatible one is a daunting one. However Xero makes the whole process so straightforward. Simply login to Xero, enter...
Making Tax Digital
April 4, 2022
Since April 2019, VAT registered businesses with a taxable turnover above the VAT threshold (currently £85,000) have needed to keep VAT records digitally and send returns using Making Tax Digital (MTD) compatible software.From April 2022, these requirements will apply to al...
Closure of the Statutory Sick Pay Rebate Scheme
February 28, 2022
HMRC have announced that the Statutory Sick Pay Rebate Scheme will close on 17 March 2022. You have until 24 March 2022 to submit any new claims for absence periods up to 17 March 2022, or to amend claim...
Health and Social Care Levy
January 31, 2022
An increase in National Insurance contributions is set to come into effect from April this year. Under the plans, employers, employees and the self employed will all pay 1.25p more in the pound. From April 2023 the extra tax will be collected as a new Health & Social Ca...
Strictly Inspirational
December 20, 2021
With Christmas just days away it can seem hard to find reasons to be merry and bright this year. With the headlines full of fears of another lockdown, rising interest rates and declining confidence in the government you could be forgiven for thinking there are just too many ...
Shift to a Low Carbon Economy
November 8, 2021
As the world turns its attention to the 26th UN Climate Change Conference of the Parties (COP26) small businesses should consider what they can do in their business to take positive action to combat climate change.
At The Accounts Place we are passionate about helping ...
Xero Bank Reconciliations
August 26, 2021
Bank reconciliation has always been a core bookkeeping task. Comparing two sets of records to make sure the figures are correct was a time consuming but essential process of inputting bills and invoices into an accounting system then cross checking these against the bank sta...
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