Articles in category: xero

Using Xero & affected my MTD?

Making Tax Digital came into effect from 1st April 2019. Under the new regulations, all UK businesses that are VAT registered and above the £85,000 threshold are now required to keep their records digitally and submit VAT returns to HMRC using MTD-compatible software. You are now unable to submit VAT returns using the HMRC website. […]

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MTD | we’re here to support you!

It’s nearly the start of MTD! On 1 April 2019, businesses that are VAT registered and over the £85,000 threshold will need to file VAT Returns using MTD compatible software. We do appreciate that this is a BIG change for some VAT registered businesses, but we are well underway in helping your business through these […]

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When will Making Tax Digital (MTD) affect your businesses VAT filing?

Here’s a great way to check when your business will be affected for Making Tax Digital for VAT. From 1st April 2019, VAT registered businesses with a turnover above the VAT threshold of £85,000 must follow the MTD rules for VAT. This signifies the following: Keeping digital VAT records Using MTD compatible software to submit […]

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Making Tax Digital for eCommerce – are you ready?

With little over one month until Making Tax Digital transforms the lives of eCommerce retailers, we spoke to multi-channel eCommerce software expert Expandly about what Making Tax Digital means for online sellers and why it might be the push that eCommerce business owners need. What is MTD? Making Tax Digital (also known as MTD) is […]

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The importance of keeping your books & records in real-time

With the ever-enhancing pressure on businesses to be more competitive within the market, the capability to know how you’re performing is more essential than ever. This is where real-time accounting comes into force to an even larger extent. Historically, it was common to only bookkeep quarterly for VAT or annually for year-end accounts, however only […]

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