A Simple and easy to use Step by Step Guide to Making Tax Digital to signing up! Here at BTCSoftware, we are always trying to make your lives easier. So, we have been busy creating guides that will help…
Category: Insights
10 Myths about MTD for VAT
When researching and reading about Making Tax Digital and now with so much information available to you – it can sometimes be quite confusing! BTCSoftware has received lots of different questions and queries throughout our MTD journey and felt that…
Making Tax Digital: What you need to know for your business
The tax world is changing. No longer will businesses report their tax affairs once a year. Quarterly reporting – starting with VAT – will become mandatory from April 2019 for all VAT-registered organisations. While Making Tax Digital (MTD) indicates a significant change,…
Why should Accountants invest within a Direct Debit system?
Accountants make up around 50% of London & Zurich’s clients, so we have a deep understanding of the accountancy space and its processes and challenges. Whether this is collecting for VAT returns, tax returns, annual accounts, audits or ad-hoc consultancy…
MTD4VAT Software Special
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.
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…