Making Tax Digital

Making Tax Digital?

We’ve got you covered.


Making Tax Digital is fast approaching, and we know it can be confusing to know what this means to you and your business.

What is Making Tax Digital?

In a nutshell, MTD means that all information going to HMRC will have to be sent digitally.

But we’ve you covered.

We use Xero Accounting Software, which will be fully compliant, and we have our own data collection portal that works seamlessly with Xero.

Over the coming months we will be working with you to find the best way to collect your data simply and cost-effectively.

Timeline for MTD is as follows:

April 2019: VAT reporting for all VAT-registered businesses with a turnover above the VAT threshold.

April 2020 (earliest): All other taxes (Income and Corporation Tax).


Keep your eye out for any updates from us!

GDPR Update

Data regulations are changing.

With GDPR coming into effect this month, we wanted to let you know we’re updating our privacy policy.

 

Our Commitment to your Privacy.

We’re protecting your privacy & rights through our commitment to the General Data Protection Regulation.

 

We’ve updated our Privacy Policy.

As of 25 May 2018, along with most companies we are aligning with the European Union’s new General Data Protection Regulation (GDPR). We’ve updated our privacy policy to provide you with more information on how Accumulus protects your privacy, including information on how to exercise your rights to your data. Click here to read and download the updated Privacy Policy.

 

If you have any queries please do not hesitate to contact us at gdpr@accumulusaccounting.co.uk.

Merry Christmas!!

Merry Christmas

from

all the team here at

Accumulus Accounting

Our offices will be closed from 12.00 p.m. on 22nd December 2017 until 9.00 a.m. on 2rd January 2018.

Emails and answering machine will be monitored.

See you in 2018!

Accumulus Portal Update Feb 17 (2)

Accumulus Portal Update – Feb 17 (1)

Laptop-Logo

We have an update to the Accumulus Portal scheduled to take place this weekend. The site will be down from 3pm today until 12pm Monday 27th February.

You will receive an email on Monday morning outlining the new features.

Many thanks,

Accumulus Support Team

Death of the Tax Return

“Tax really doesn’t have to be taxing, and this spells the death of the annual tax return.”

So said the Chancellor of the Exchequer when he announced in the 2015 Budget that we are to see the annual paper Tax Returns abolished.

It is a move to end the costly and time-consuming process, in what Mr Osborne says will be a “revolutionary simplification of the tax collection scheme.”

It is said that this will benefit 12 million people, mainly the self-employed.

The way we see this unfolding is that there will still be a need to file accounts information on a regular basis, rather than the rush to get it all done in January.

We are confident that Xero will be at the forefront of any technology that will be required, and that by continuing to extend our use of Xero we will be perfectly placed to meet whatever requirements HMRC sends our way.

“Only two things in life are certain,” they say, “death and taxes.” Well, sometimes for accountants it can feel like the two certainties are “death and tax returns”, so we for one will not be mourning this announcement from the Treasury.