Making Tax Digital

In this blog, partners Jack Posner and Darren Stone of Leon and Company Chartered Accountants in Leeds write about Making Tax Digital. For all those business owners, unless you’ve been on a desert island, you will no doubt have heard about the new ‘Making Tax Digital’ regime. If you haven’t heard of it, then you…

Budget Highlights

During this blog, partners Jack Posner and Darren Stone of Leon and Company chartered accountants write about the recent Budget. Last month, the Chancellor, Mr Hammond, outlined his Conservative Budget for the coming year. The Chancellor’s headline is that the era of austerity is ‘finally coming to an end’ – but we obviously do not…

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…