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Tax Saving Accountants

The Impact of AI on SME Accounting

Accountancy firms have always endeavoured to provide value, and tailored financial advice to their clients. Stonehouse Accountants is no exception. The constantly evolving, accounting landscape puts enormous pressure to provide timelier and increased data quality to HMRC. 5 years down the line from the birth of the Making Tax Digital (MTD) initiative, HMRC is making […]

Making Tax Digital
Tax Saving Accountants

Making Tax Digital (MTD)

You may have heard about the recent changes to the way VAT must be reported. In April 2019, HMRC introduced Making Tax Digital (MTD). The main change with this new piece of legislation is the way your VAT returns are filed online. If your company is turning over more than £85,000 you are now required […]

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Tax Saving Accountants

Making Tax Digital – The Impact on VAT

As of April this year (unless deferred, in which case from October 2019), it became a law that businesses labelled VAT-registered must turn to digitised methods to maintain VAT records. This is a branch from the Government’s goal of Making Tax Digital by 2020. The impression here is that going digital will provide more effectiveness, […]

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