Blog

Merger with Simple Accounting

From 1 October 2018, ‘AAA Tax & Accounting Services’ will be rebranded as ‘Simple Accounting’ following our merger with an Accrington based firm which trades as ‘Simple Accounting’. There will be no changes in the team working from our Padiham office. Laura Bolton of ‘Simple Accounting’ will

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MAKING TAX DIGITAL FOR VAT GUIDANCE ISSUED

HMRC have now issued their detailed guidance on the digital record keeping and return requirements for Making Tax Digital (MTD) for VAT. VAT Notice 700/22 clarifies that spreadsheets may still be used to keep business records provided that there is bridging software that links to the Government

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MAKING TAX DIGITAL DELAYED FURTHER, APART FROM VAT REPORTING

HMRC have confirmed that no further MTD for business changes will be brought in before 2020 at the earliest. The Treasury set out its revised priorities for current digital transformation projects, to make room for the additional demands on its resources of work to upgrade customs systems

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Autumn Statement 2017

Tax-Newsletter-UK-December-2017-Budget – click on the link for our latest newsletter

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Making Tax Digital Flyer

Click to download our PDF relating to making tax Digital

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Making Tax Digital – Quickbooks Cloud Accounting

We recommend QuickBooks cloud accounting. If you want help or advice relating to Cloud Accounting then get in touch and we’ll advise the best solution for you. Under the ‘Making Tax Digital’ programme, the government are planning that all businesses must keep digital tax / accounting records

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Autumn Statement 2016 summary

tax-newsletter-autumn-statement-2016 Click on the link above to see the Autumn Statement summary

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New VAT Flat Rate scheme rules announced 23 November 2016

The most notable announcement in the Autumn Statement was the introduction of a new VAT Flat Rate of 16.5% for businesses with limited costs. This is a link to the new rules https://www.gov.uk/government/publications/tackling-aggressive-abuse-of-the-vat-flat-rate-scheme-technical-note/tackling-aggressive-abuse-of-the-vat-flat-rate-scheme-technical-note If a business is using the Flat rate scheme and the purchases of goods

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March 2016 Budget Newsletter

AAA Tax-Newsletter-March-2016-Budget Click on the link above to download our newsletter in PDF format

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Tax efficient salary and dividends 2016-17 for one man company

In 2016-17 for most one man companies, the tax efficient salary will be £8,060 per year (£671.67 per month) as, at this level there is no National Insurance to pay. After paying this the tax efficient level of dividend to take you up to the 2016-17 higher

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