When you start out in practice the one thing you are always short of is clients. Some say there aren’t enough hours in a day but by using up as many of the 24 available you manage to cope but nothing stops a fledgling practice from developing as a lack of clients.
So you ratchet up the ...
Daily we are being regaled with endless messages extolling the virtues of Technology for Accountants. At the moment it’s all about the cloud and automation and of course Apps in relation to MTD. HMRC are banking everything including the supposed tax gap reduction on Tech making sweeping ...
ICPA Chairman Tony Margaritelli talks about the upcoming delay to HMRC's Making Tax Digital initiative. He also talks about rental income and taxation as well as how apps and the cloud can help MTD work in the latest ICPA Practice Blog.
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What exactly was the government’s response to the question about digital exclusion, what constituted it and how was it to be applied?
Well here is exactly what the responses were:
“The government agrees that access to broadband, age, remoteness of location and disability must all ...
MTD is proving daunting for many firms, time is ticking and not having a plan is no longer an option for those in the profession. You may be struggling with understanding what you need to do to respond to the changes. The good news is that it need not be as complex or as difficult ...
At the risk of stating the obvious small practice accountants have many self-employed and small business clients whose turnover does not threaten to breech the Vat Registration threshold and who on the whole don’t operate from a business bank account and for whom bookkeeping is simply a ...
What I find interesting about the whole MTD debate, although you can hardly call it a debate as one side of the issue is most certainly not listening to the other side merely constantly acknowledging their presence whilst assiduity ignoring everything they say by trumpeting their own points.
I was reading the newly published Low Incomes Tax Reform Groups responses to the draft Finance Bill 2017 and several items caught my eye but I’d like to comment on just one.
“A few years ago HMRC carried out a ‘Business Records Check’ programme in the hope of ...
I often have discussions with members along the lines of why are you getting involved with specialist areas that are out of your field of expertise? Why do you feel it appropriate to try to handle a matter that will take hours, if not longer, to research which you will most likely not recover? ...
When considering the MTDfB regime with regard to landlords HMRC had this to say “Almost all respondents thought (respondents to the original consultations) that some property businesses should be allowed to use the cash basis, pointing out that it is a natural fit with how many landlords ...