We asked some leading software deveolopers about their solution for filing VAT returns under the incoming Making Tax Digital regime. So here’s what Absolute, BTC, ClearBooks, TaxCalc and Thomson Reuters have to offer.
Category: Insights
Why it’s essential to securely back-up your data
Having a back-up of your data – both for your mobile phone and in the office – is critical for your practice and the customers whose accounts you look after. BTCSoftware has recently helped a customer retrieve their data, which…
Your time-saving Making Tax Digital software is here
BTCSoftware’s bridging software for Making Tax Digital for VAT is available as part of BTCSoftware’s Solution Suite and as a standalone solution. In May BTCSoftware demonstrated their Making Tax Digital (MTD) for VAT solution at Accountex. The long-awaited solution enables…
FRS102 and Related Party Transactions: What to disclose?
Steve Collings explains all you need to know about related party disclosures for small firms. The Financial Reporting Standard FRS 102, applicable in the UK and Republic of Ireland, outlines the presentation and disclosure requirements for small companies in Section…
Tales from the Phones
Here are some more sample questions submitted by accountants to the ICPA/Qdos telephone helpline Q: Is there an Annual Tax on Enveloped Dwellings (ATED) charge on a company that has got a freehold interest in residential properties and the leaseholders…
Getting the message right
Don’t be surprised if you start receiving letters from HMRC telling you that “nine out of 10 people in the UK pay their tax on time”. According to a new study, billions of pounds of extra tax could be raised…
Flying Pilotless
Forget about driverless cars – what about pilotless aircraft? Researchers at UBS believe pilotless commercial planes could be with us by 2040. Pilotless planes are currently being trialled and could be used commonly for air taxis and cargo flights by…
Time to Microchip?
A company in Wisconsin is to implant staff with microchips so they can clock in to work with a wave of a fist! Vending machine company Three Square Market admitted it was embracing a technology more associated with lost dogs…
Sharp Dressers
Accountants love being suited and booted, and two-thirds (67%) think that businesses should not ditch dress codes in the workplace. A massive 73% of accountants also disagree that these dress codes are outdated, according to a new study. While 73%…