Did you know you can now automatically pay your PAYE or CIS using the new HMRC direct debit system to ensure you never again forget to pay? HMRC have now introduced the ability to automatically pay your PAYE or CIS…
Prepare for upcoming changes to HMRC's VAT late payment penalty and VAT interest charges As of November 2022, all VAT-registered businesses were required to submit their returns via Making Tax Digital software. In line with this, from 1st January 2023,…
Further to our article on How to Spot Fake HMRC letters, whilst the number of HMRC scams has somewhat declined over the last 12 months, there is still a huge amount going on. One way to help stop being scammed…
The deadline for Making Tax Digital for VAT is less than a month away. Find out what to do to be ready and avoid any penalties What is Making Tax Digital Making Tax Digital (MTD) is an initiative by HMRC…
Are you thinking of selling all or part of your company or have you decided to close the business entirely? If yes, you may be eligible for Business Asset Disposal Relief. What is Business Asset Disposal Relief (BADR)? When you…
Have you had a bad experience with an accountant in the past? Did you then, to your horror, discover they were unqualified? It happens more often than people realise. The awful fact is that accountants do not have to be…
eCommerce accounting is so important if you sell online. At Maynard Johns, we successfully look after many eCommerce clients who sell on platforms such as Amazon, Shopify, eBay, Etsy and more. Many businesses have had to diversify over the past…
Overclaimed SEISS grants are now being contacted by HMRC. Following an amendment to self-assessment tax returns made after 2nd March 2021, taxpayers are now being contacted by HMRC where it has been identified they need to repay all or part…
If you have paid taxable expenses on behalf of or provided benefits to an employee or director between 6 April 21 and 5 April 22, you may need to report these to HMRC by 6 July At the end of…
Making Tax Digital for VAT registered businesses for businesses above the VAT threshold of £85,000 has been compulsory since 2019. However, from November 2022, all VAT-registered businesses must comply with Making Tax Digital (MTD) and submit returns using MTD-compatible software.…