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Stay up to date with the latest company news, accounting updates, and learn more about key information that is relevant to your business, from the experts at Jan McDermott Chartered Accountants.
How to record purchase invoices in Xero
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Everything you need to know about Making Tax Digital
Recently, the UK government have introduced new regulations around how tax records are to be kept and submitted. The rules, known as Making Tax Digital, are designed to digitise the tax system and make online accounting simpler and more accurate. It therefore asks businesses to make potentially costly considerations to ensure their infrastructure is up […]
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What happens during a tax investigation?
As a business, facing a HMRC tax enquiry or investigation can seem daunting. In addition to the stress of the investigation itself, you are then required to execute the day to day running of your business as though everything is normal. HMRC simply wants to crack down on individuals and organisations that are paying less […]
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Does a sole trader need to register for VAT?
Registering for Value Added Tax (VAT) is a decision most owners will be faced with at some point in the lifetime of their business. This requires that VAT apply to goods and services that the business provides, although only in certain circumstances. Do these same conditions apply to sole traders as a type of business? […]