Tax blog for accountants

News and views from our experts.


Delayed Making Tax Digital Timetable Announced

written by Editor, 14 July 2017

MTD timeline

Yesterday’s statement from the Treasury confirmed delays for the Making Tax Digital timetable. The new timeline shows that only businesses with turnover above the VAT threshold (£85,000) will need to keep digital records and will come under MTD in 2019, with other businesses coming under MTD in 2020.
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MTDiary of the First Making Tax Digital Software Pilot Participant

written by Editor, 6 July 2017

MTD Diary

Guest blog by, Gary Jacobs, Director, EaziTax

At the start of April, HMRC pushed the button on the software pilot for Making Tax Digital (MTD) with a handful of businesses and agents.

As part of the pilot process, firms will trial MTD-enabled accounting and tax software to ensure it’s fit for purpose, before the pilot is expanded from July onwards.

Gary Jacobs, Director of Eazitax, was the first accountant to enter HMRC’s MTD pilot scheme. In a passage from his diary below, Gary shares his personal experience of the MTD pilot process so far, which he read to a packed audience at Accountex last month.

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Ten Steps to Making Tax Digital

written by Editor, 15 June 2017

Making Tax Digital

Guest blog by, Mark Purdue, Product Manager – Tax Products at Thomson Reuters

Making Tax Digital (MTD) is still hitting the headlines and, despite the government’s removal of MTD clauses from the Finance Bill and the upcoming general election, the pilot program is now underway. Whilst there are still many unanswered questions, it’s still too early to tell whether the pace of HMRC’s digital transformation will change.

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Making Tax Digital – Get Your Facts Straight

written by Editor, 7 June 2017

Making tax digital

With over 91 million Google search results alone for Making Tax Digital, how can accountants cut through the noise and separate fact from fiction?
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Accountex 2017 – WOW!!! What a great exhibition it was

written by Editor, 30 May 2017

Accountex 2017

Guest blog by, Nicola Beards, Events Coordinator

Accountex – The National Accountancy Exhibition & Conference took place on the 10th and 11th May at the ExCel London and was the biggest and best event to date!
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Are you getting new clients from your social media activities? Are you social enough? You could be!

written by Editor, 18 May 2017

Social
Guest blog by, Lauren Coates, Sales Consultant

What’s the best way for accounting firms to increase engagement on social media and create new business opportunities? Today’s conversations, research and buying decisions all take place online, and social media has transformed the way buyers search for professional service firms.
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MTD – The Reconstruction of Tax

written by Editor, 4 May 2017

Making Tax Digital – The Reconstruction of Tax

Making Tax Digital (MTD) will affect the way in which tax advisers interact with HMRC and their own clients.  At the most basic level, MTD will open up lines of communication – new reasons to talk to and engage with clients, and the availability of real time data will really benefit the profession.

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SYNERGY 2017 was a great success!

written by Editor, 27 April 2017

Synergy 2017 was a great success

Guest blog by, Amanda Magri Overend, Marketing Executive

At the end of last month we returned to the 5-star Forest of Arden Marriott Hotel & Country Club where over 250 tax and accounting professionals joined us from across the UK for SYNERGY 2017 our annual customer conference.  With a 100% turnout, it was our biggest and best conference to date.

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Q&A with Making Tax Digital Expert, Mark Purdue

written by Editor, 21 April 2017

Q&A with Making Tax Digital Expert, Mark Purdue

Our resident Making Tax Digital expert and Tax Product Manager, Mark Purdue, is presenting at Accountex on 10 and 11 May. Ahead of his upcoming talk, we sat down with Mark to ask him a few questions on Making Tax Digital and the event itself…

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See the first Making Tax Digital Solution at Accountex 2017

written by Editor, 13 April 2017

Accountex 2017

Guest blog by, Amanda Magri Overend, Marketing Executive, Thomson Reuters

Assess your technology provider for Making Tax Digital
Visit Accountex on 10 and 11 May at The Excel, London

Making Tax Digital is the hot topic of conversation and is currently the biggest challenge facing the profession today. Many accountants are seeing Accountex as an ideal opportunity to review the software market ahead of the new digital process. more »


Welcome Services | A Warm Welcome Awaits

written by Editor, 6 April 2017

Welcome Services
Guest blog by, Tom Ellis, Solutions Consultant

Like everything else- cars, job satisfaction, network provider- tax and accounting software is constantly under review. The process isn’t always conscious- sticky handbrakes, slightly missed promotions and dodgy signal- aren’t always at the forefront of our minds when we engage with something but these frustrations do exist within. more »


Ask the Expert – Your Questions on Making Tax Digital Answered by Mark Purdue this Month

written by Editor, 16 March 2017

Making Tax Digital
Guest blog by, Mark Purdue, Product Manager – Tax Products at Thomson Reuters

Our resident tax expert, Mark Purdue, has been taking your questions via email around Making Tax Digital over the past couple of months. Here are the top things on accountants minds right now… more »


Onvio Tax, Making Tax Digital (MTD) software from Thomson Reuters is ready for the public beta starting April 2017

written by Editor, 9 March 2017

Making Tax Digital

Guest blog by, Mark Purdue, Product Manager – Tax Products at Thomson Reuters

“Unincorporated businesses and landlords with turnover below the VAT threshold now have an extra year, until April 2019, before they have to comply with Making Tax Digital (MTD).  This is welcomed and not unexpected news – in our own survey of UK accountants, 80% agreed that an MTD deferral until 2019 should be aligned to the VAT threshold of £83,000 and there has been intense lobbying on this very issue. more »


5 ways attending an event can benefit your practice in 2017

written by Editor, 2 March 2017

benefit your practice

Guest blog by, James Bowers-Lee, Solutions Consultant, Thomson Reuters

Tired of waiting for the answers?

Time is valuable, I think we can all agree with that, and making the most out of this time is what we all strive to achieve, but are we actually doing that? more »


Making Tax Digital – What’s Covered in HMRC’s Consultation Outcome?

written by Editor, 20 February 2017

Making Tax Digital

Guest blog by, Mark Purdue, Product Manager – Tax Products at Thomson Reuters

Hopefully you’re already familiar with Making Tax Digital (MTD), but to briefly recap, it was first announced back in March 2015 in the Government’s Budget. It’s HMRC’s ambitious plan to bring tax compliance fully online by 2020. more »


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