Monthly archive for September 2019

MTD – Yes, you can keep your beloved spreadsheets if you want to

MTD - Yes, you can keep your beloved spreadsheets if you want to

If you run a VAT-registered business with a taxable turnover above the VAT registration threshold (currently £85,000) you are required to keep digital business records and to file VAT returns with HMRC using software which is compatible with Making Tax Digital (MTD). Most on-line accounting packages will allow you to keep the necessary records

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Tax Allowances – Use them or lose them!

Tax Allowances - Use them or lose them!

Basic personal allowance Most of the people paying income tax in the UK are allowed to receive a certain amount of income before having to pay income tax. In 2019-20, the basic personal allowance is £12,500. The allowance begins to reduce if your taxable income is more than £100,000 and disappears altogether at

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