Tax blog for accountants

News and views from our experts.


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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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 »


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 »


Making Tax Digital: everything you need to know in one convenient place

written by Editor, 19 January 2017

Guest blog by, Chris Taylor, Marketing Assistant, Thomson Reuters

everything you need to know

So far, the journey to Making Tax Digital (MTD) has been far from smooth. A lack of transparency has left 91% of tax and accounting professionals feeling that there is not enough information available at present. To add to this, the majority of practitioners believe they have been kept completely in the dark with regards to the proposed move to digital tax accounts by 2018. more »


Making Tax Digital: The Challenge | A Guide for Sole Practitioners and Smaller Firms

written by Editor, 12 January 2017

MakingTaxDigital

Making Tax Digital: The Challenge is a helpful and honest guide written specifically for sole practitioners and smaller firms – arguably the most challenged due to limited time and resources.

Tax expert Mark Purdue provides clear insight into the potential challenges of Making Tax Digital, with supporting commentary from candid interviews with senior practitioners around three key areas: more »


Thomson Reuters and Xero have teamed up to offer an optimised workflow

written by Editor, 8 December 2016

Whitepaper

With April 2018 fast approaching, time is running out for accountants to embrace change and get their business ready for the journey to be Making Tax Digital compliant. more »


Autumn Statement – the key points for accountants

written by Editor, 23 November 2016

AutumnStatement

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

Traditionally, the Autumn Statement focuses on the wider economy, with less emphasis on major changes to tax legislation, and this year’s statement didn’t disappoint! more »


Making Tax Digital: Get your views heard – time is running out

written by Editor, 6 October 2016

Get your views heard

Get your views on Making Tax Digital heard

HMRC published its six Making Tax Digital (MTD) consultation documents on 15 August 2016 – setting out ambitious plans to simplify tax and make it digital.

However, with Autumn now upon us, poll results from our recent webinar Making Tax Digital Explained highlighted an alarming lack of response to the ongoing HMRC consultation. more »


New infographic: accountants views on Making Tax Digital

written by Editor, 30 September 2016

We recently conducted a series of live polls with over 400 accountants on Making Tax Digital during our recent webinars with resident Thomson Reuters tax expert, Mark Purdue.

These stats have been turned into our latest infographic which visually charts the views of accountants on MTD.

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Thomson Reuters tax expert explains MTD consultations

written by Editor, 21 September 2016

Making Tax Digital

Free Webinar | Making Tax Digital: Explained 22 September 10:00 a.m. – 11:30 a.m.

What do HMRC’s consultation documents entail? How will the proposed changes affect you, your practice and your clients?

These are just some of the many questions that our tax expert Mark Purdue will answer in tomorrow’s webinar when he clearly explains the main points, benefits, concerns and considerations. more »


24 October is Making Tax Digital Day!

written by Editor, 26 August 2016

Making Tax Digital

Live Discussions on Making Tax Digital – Supported by Thomson Reuters

We’re excited to be involved in two upcoming Making Tax Digital live broadcast sessions on 24 October at AccountingWEB’s Practice Excellence Live! These free sessions are interactive and purely online, so you’ll have every opportunity to attend and have your say on MTD.

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Reaction to Making Tax Digital Consultation

written by Editor, 23 August 2016

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

Making Tax Digital

Just two weeks (2 August 2016) before the long-awaited release of the Making Tax Digital (MTD) consultation documents (15 August 2016) we polled more than 350 accountants. Unsurprisingly, 91% feel there isn’t enough information available on MTD, and this lack of information has caused much uncertainly, speculation and concern. more »


Accountants Split on Making Tax Digital

written by Editor, 8 August 2016

38% of accountants feel positive/very positive towards the move to Making Tax Digital

Mark Purdue, tax product manager at Thomson Reuters hosted a live webinar: Making Tax Digital: Refresher – with more than 400 accountants joining in to hear the very latest on Making Tax Digital, find out how the initiative will impact the way they work, and to ask their most pressing questions. more »


The Making Tax Digital Blog Series Part 3: Are Compliance Services Still Important To Businesses?

written by Editor, 28 July 2016

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

Making Tax Digital

Every business needs to get the basics right to stay aware of and meet statutory obligations, and ensure that the correct level of tax is paid. However, it hardly sets the pulse racing. The discipline around financial administration, however, creates value in terms of knowing where you are and being able to react to both challenges and opportunities. more »


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