Making Tax Digital deadline for VAT
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…
MTD for Income Tax – your questions answered
Whilst MTD for Income Tax is not due to come into force until 2024, many questions are being asked already by those getting prepared for the changes now. Below are our answers to some key questions. If you don’t find…
eCommerce accounting services for clients selling online
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…
The benefits of using MTD software
Many small businesses are still unsure of the benefits of using MTD software. We have outlined some of the benefits of moving from spreadsheets to MTD software. The introduction of Making Tax Digital (MTD) 2022 saw the introduction of Making…
Making Tax Digital software vs spreadsheets
Are you unsure whether to use Making Tax Digital software or spreadsheets for your tax returns? For businesses wanting to continue using spreadsheets, we outline the benefits vs the disadvantages. What is Making Tax Digital (MTD) for VAT registered businesses?…
Making Tax Digital for VAT registered businesses
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.…
Delay to Making Tax Digital for Income Tax
Delay to Making Tax Digital announce by the Government As part of the rollout of greater digitalisation of our tax regime businesses with turnover in excess of £10,000 were due to be caught under the new rules from April 2023…
Making Tax Digital (MTD) for VAT 2020
MTD for VAT - Are You Ready For the Next Step? Making Tax Digital for VAT became compulsory in April 2019 which means another important digital deadline is looming. Not sure what is it or when it takes effect? …