As the dust settles on what turned out to be a rather bizarre election campaign and an unexpected outcome, it’s time to ask what impact this might have on HMRC’s Making Tax Digital project.
From Skyping our relatives in New Zealand to liking our friends’ Facebook posts; from watching box sets on Netflix to researching and booking our next holiday; from banking apps to humble email, many of us live our lives “digital by default”. But what about those clients of yours that don’t, or can’t? How will the “digitally excluded” cope with MTD?
According to the report by US Census Bureau (www.census.gov), in 2015 the UK ranked as No. 7 supplier to the USA (2.6% market share), but was USA’s No. 5 purchaser, buying 3.8% of US exports.
Some Western companies regard China as a difficult place to do business but taking the time and trouble to understand the Chinese ways of doing business can be very rewarding. Find out more about trade opportunities and common business mistakes in our quick guide.
In an earlier blog we outlined some of the ways in which MTD will make the tax return process more complex. In this article, we’ll drill down to discuss one of these aspects in more detail – namely, the need to categorise your clients according to their MTD status.
We've had a busy last couple of days at Accountex, and our team had many in depth conversations with attendees about the changes happening in the finance world at the moment. One theme that came through loud and clear was Making Tax Digital – with everyone asking what happens now given the recent announcements? The general election is due to take place Thursday 8th June, but what impact does this have on the roll out?
Over the coming months you will be hearing from many of our Making Tax Digital experts. We thought you might be interested in finding out a bit more about them and what they contribute to our MTD strategies and planning.
There’s been a lot of talk in the professional press recently about the use of spreadsheets for digital record keeping with Making Tax Digital. So what’s the latest on this topic?
As events this week have demonstrated, one of the most intriguing aspects of Making Tax Digital is that the topic continues to evolve and develop. Because of this, no one (least of all software developers!) can rest on their laurels and no practice can yet say that they understand all the implications of MTD and how it will affect the way they service their clients.