Tax Returns deadline – have you done yours? This month, Darren Stone, partner at Leon and Company Chartered Accountants writes about the upcoming tax return deadline and what is involved. It’s that time of year again. And I don’t just mean the festive season! Most accountants are now getting busy for the upcoming deadline for…
In this blog, Darren Stone of Leon and Company Chartered Accountants in Leeds answers your burning tax queries. As accountants, we often get approached by clients and the public with all sorts of tax questions. So, over the next few articles, we continue to answer some of the more common questions. Here is just a…
Making Tax Digital (MTD) Until recently, we were facing radical changes to the tax system to accommodate this objective. Businesses (including landlords) were to be required to upload summarised accounts data from their accounts software on a quarterly basis. This information, plus details of other income was to be collected in a personal tax account…
A recent First Tier Tribunal case examined whether a company director had an obligation to submit a Self Assessment tax return without receiving a notice to file. The taxpayer in question appealed against penalties totalling £1,300 relating to his 2014-15 Self Assessment return on the basis that he had a reasonable excuse for his appeal.…
There is evidence that HMRC’s Making Tax Digital (MTD) implementation team are working with advisors and their clients to beta test the computer systems that will drive the quarterly upload process when it is timed to begin April 2018. MTD aims to have taxpayers’ income and other relevant details uploaded to a personal digital account.…
This month, Jack Posner (principal) and Darren Stone (manager) of Leon and Company Chartered Accountants in Leeds write about the much-publicised Making Tax Digital and how it affects you. By now, you’ve probably heard the Government are trying to bring us right up-to-date in the tax world! Out went the old paper tax returns years ago…
This month, Jack Posner (principal) and Darren Stone (manager) of Leon and Company Chartered Accountants in Leeds write about how to use accounts to improve business results. As we write, a snap general election looms. With the uncertainty of Brexit on the horizon, we all need to consider if our respective businesses are as good…
This month, Jack Posner (principal) and Darren Stone (manager) of Leon and Company Chartered Accountants in Leeds write about the upcoming tax year-end and how you can plan for it. The tax year-end is fast approaching and it won’t be long until we start asking our clients to start collating their business records. However,…
This month, Jack Posner (principal) and Darren Stone (manager) of Leon and Company Chartered Accountants in Leeds write about the recent Budget and summarise some key points of interest to both business owners and individuals with personal tax requirements. As we approach Spring, it is often a time for new beginnings. So, it is ironic…