by Terry Phillips | Nov 22, 2022 | accountancy, bookkeeping, business management, hmrc, making tax digital, tax
If you’re a sole trader or in a partnership and your accounting period ends between April 6th and March 30th, you need to know HMRC’s latest statement! In brief, HMRC recently released a statement to say they’re wanting to standardise the accounting periods...
by Terry Phillips | Nov 15, 2022 | accountancy, business management, council tax, hmrc, making tax digital, tax, tax rebate
The Government is urging eligible households to claim their £150 council tax rebate as November 30th comes because, this time, the deadline won’t be extended! The reason we’re talking about it here at Phillips & Co Accountants is that there are a lot of questions...
by Terry Phillips | Nov 8, 2022 | accountancy, accountancy software, bookkeeping, business management, making tax digital, tax
Now that the UK is in full swing for Making Tax Digital (MTD), it’s time to choose the best accountancy software for you. So, we’ve reviewed 7 of them. As ACCA-qualified accountants with countless years of experience, we’re well-versed in what can work and for who....
by Terry Phillips | Nov 3, 2022 | accountancy, business management, making tax digital, tax
HMRC is rolling out a new VAT penalty scheme to come into effect for all submissions for accounting periods that start from 1st January of 2023. Many of you may already be aware of this new penalty system. In fact, you might even know that it was originally due to...
by Terry Phillips | Oct 25, 2022 | accountancy, bookkeeping, business management, expense claims, expenses, making tax digital, tax
As we approach the “Making Tax Digital” (MTD) deadlines, it’s more important than ever for you to know about cloud accounting and cloud bookkeeping. Right now, more than half of the small to medium enterprises (SMEs) across the UK are already doing all of their...
by Terry Phillips | Oct 4, 2022 | accountancy, bookkeeping, business management, expense claims, expenses, mileage rates, tax
On 1st June, 2022, HMRC released an update to the rates of mileage for company car drivers. However, these changes have seen a vat of criticism. As a business, you might be providing your employees with a company car, where you’ll have to charge for personal use. Or,...
