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The new Making Tax initiative waves goodbye to paper reports once and for all. As it started from the beginning of April 2019 here's a handy overview. Just when we think we've found our stride amidst business meetings various, marketing efforts, managing your staff, and stressing over making ends meet - we get hit with another curveball. As if running your own startup wasn't difficult enough - we...
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Countingup is on a mission to simplify running your business. But how you cry?! Countingup aims to offer small businesses the chance to open a current account on their smartphone in just 5 minutes (tick). But whilst this is not perhaps unique in an era of Fintech / banking disruption, the fab feature here is that the banking app will also do your accounting. (double tick). It will submit VAT ret...
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Making Tax Digital (MTD) is set to bring about the biggest change to the UK’s tax system for a generation, with online tax submissions soon to be the only option for the majority of self-employed taxpayers and paper tax returns likely to become a thing of the past. So what does MTD and the new era of digital tax mean for you and your small business? Here are four things you need to know care...
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A couple of months ago, the UK government launched a new consultation into Making Tax Digital, its ambitious plan to implement a fully digital tax system across the whole of the UK by 2020. With consultation documents published and people invited to comment on the proposals, what are the main things that small business owners need to be aware of?  Emily Coltman FCA, chief accounta...
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