Making Tax Digital – accounting software

Making tax digital is the government’s plan to take information for tax purposes directly from business owners’ online accounting software with no recourse to their accountant. This explains why HMRC are so keen to work with Xero, QuickBooks and FreeAgent. This move was foreseeable, and should be less of a shock to forward-thinking business owners…

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The role of the accountant is changing

2016 will probably mark the tipping point when the relationship between business owners, their accountants and HMRC changed forever. The role of the accountant in the year-end compliance process is already shifting from one of being the ‘gatekeeper’ of the information flow to HMRC and Companies House to the application of review, checking, correction and…

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PAYE

HMRC is now issuing the 2016/17 PAYE notices of coding. Around 11 million taxpayers will receive a PAYE coding notice (P2) with an insert directing them to gov.uk/taxcodehelp. This will enable them to see details online of their coding for 2016/17 and is designed to encourage people to use their Personal Tax Account. This also…

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