‘Cashflow is King’ may seem like a glib soundbite, but it’s rooted in a harsh truth - with a lack of funds the single biggest reason why businesses go to the wall.
Cashflow forecasting is therefore a fundamental tool in your financial armoury -
Recent research has shown that over 40% of small-business owners are still not aware of Making Tax Digital.
From April 2019, VAT registered businesses with turnover over £85,000 will be required to keep a digital record of their VAT transactions, and submit their VAT returns using Making Tax Digital-compliant software.
Every year, more and more businesses are moving their accounts to the Cloud - and as the launch of HMRC’s Making Tax Digital approaches, that migration is likely to pick up speed.
The move to Making Tax Digital (MTD) and digital tax accounts is fast approaching. But recent research by HMRC and Ipso Mori shows that seven in ten UK businesses are still unaware of the need to use software in order to send their digital tax returns to HMRC.
A brand new guidebook for accountants has just been released, featuring business advice and insights from none other than our own CEO Sian.
Whether you’re a small business, a big multi-national or a sole trader, the way in which you file your tax returns is soon set to change.