Tax Digital

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…

Making Tax Digital

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.…

Making Tax Digital

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…

Understanding Your Business

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…

Budget Highlights

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…