Accountancy News and Advice From MCC Accountants
Administering your payroll can be a time consuming activity, it will drain significant resources from your core business activities if you attempt to manage all of the work yourself. Add into the mix taxation, employment legislation and the penalties for non-compliance…
Bookkeeping is one of things that should be set-up and organised for every business but it is surprising how many start-ups, sole traders and SMEs haven’t got a good bookkeeping system in place. Why bother with bookkeeping services? Well it…
It is often difficult to keep up-to-date with changes in tax and wage related updates as they are often announced well in advance of them actually coming in to effect. Here is a summary of the major ones due in…
With the 31st January deadline just 4 weeks away, now is a really good time to get in touch with your tax advisor or tax accountant to make sure you have your online tax return filed correctly. In almost all…
The Economic Affairs Committee has warned the HMRC that small businesses in the UK ‘could pay a heavy price’ for Making Tax Digital for VAT (MTD for VAT). What is MTD for VAT? If you haven’t heard of it, you need…
Thousands of university students have been targeted with fake tax refund emails in an attempt to steal their banking and personal details, HM Revenue and Customs has said. HMRC has received thousands of fraud reports recently in what it said…
Income tax: Rates and thresholds: tax year 2019 to 2020 The Government will legislate in Finance Bill 2018-19 to set the charge for income tax, and the corresponding rates, as it does every year. Finance Bill 2018-19 will set: The…
Many of our clients are small businesses and members of the FSB and other similar organisations. These can be helpful for SMEs as they give them a larger voice when acting together. So it is good to see that the…
Online accounting software Xero is one of a number of packages that have come to prominence in the market over the last couple of years. We use Xero for a number of our clients and have found it particularly helpful…
