By April 2019, businesses above the VAT Threshold will need to keep Digital records and from 2020 this should apply to all other businesses who will be updating HMRC quarterly for their corporation tax, Income Tax and National Insurance obligations digitally. It is a significant change for many of us and means the end of the annual tax return to be replaced with a digital tax account where all your information will be stored in one place.
This change in the way HMRC wants information from tax payers means that you may need to move from your existing desktop or manual record keeping and onto an online accounting package.
The good news is we are certified in the installation and operation of Online Accounting software which is digitally compliant and specifically designed for small and medium sized business
We are helping our recruitment clients migrate to the cloud to comply with the new HMRC requirements on Making Tax Digital.
Imagine if you could:
• See a clear picture of your profit margins in real-time;
• Take a photo on your phone of a receipt and it was posted automatically; AND
• See your results, who owes you money, who you owe to and your business bank balance 24/7, 365 from your phone.
• Manage clients and workers details
• Create and send invoices on the go
• Have your bank feed your data directly into your accounts on a DAILY basis;
• View a snapshot of your business
• Estimate tax payments
• Easy tax filing that matches HMRC requirements
We offer;
A smooth and quick transition to our online accounting solution
A free initial demonstration and ongoing support (no charge for calls/emails)
Fixed fee packages available ( No unexpected bills from us!)
If you would like to speak with an advisor about getting better systems in place book your 10 minute chat at info@coopercurtis.co.uk
To help you comply with the new GDPR guidelines coming into force on 25th May 2018, please find a checklist which we hope you find useful.
blog by Caroline
Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.
From 1 April 2018, rates for minimum wage and living wage will be rising to;
- National Minimum Wage (For workers 25 and over) £7.83 per hour
- Workers between 21 and 24 is £7.38 per hour
- Workers between 18 and 20 is £5.90 per hour
- Workers under 18 is £4.20 per hour
- Apprentice rate is £3.70 (aged 16-18 or 19+ if in first year ) All other apprentices are entitled to min wage according to their age
For more information on the national minimum wage, please contact us on 0845 303 114 or info@coopercurtis.co.uk
Please note, all our content is for general guideline only, every case is different and we would recommend speaking to us before taking any action as a result of the content. The content was correct at the time it was published.
For 2018, Cooper Curtis have decided that Cancer Research UK would be our charity of choice...
In 2017, we raised over £1,000 for Maggie’s’ Cancer Care Centres through our fundraising efforts. In 2018, we are aiming to double that!
Please watch this space for what challenges we a re undertaking this year to fundraise for them...
Take a look at our Summary from last week's Autumn Budget. If you have any questions about anything raised in the Budget please do not hesitate to get in touch with one of our team on 0845 303 1144 or email info@coopercurtis.co.uk.