Blog

It's no longer "Business as usual''...

Business is changing and faster than ever before.  And accountants are no longer immune to these changes.  

Busting the Making Tax Digital Myths...

Hopefully by now it has become obvious we are clear advocates of the opportunities created by Making Tax Digital. As technology becomes an even more ever-present part of our lives, the transition from paper to digital processes will revolutionise our industry and send us hurtling towards a more advanced future. The changes proposed have been developed to speed up the tax process and deliver a fatal blow to the dreaded tax return. It will centralise your tax affairs, and make businesses and individuals alike more efficient.

When Will Quarterly Accounting for tax Purposes Come into Effect?...

The inevitable transition to quarterly tax is drawing ever-nearer. As HMRC’s revolutionary movement towards digital taxation begins to gain momentum, it is vital that businesses start to note down the timetable for who is going to be affected by the changes and when they will come into effect.

Sharing the Love when it comes to Cloud Accounting...

Cloud accounting software has taken the accounting industry by storm. As traditional firms continue to resist its rise in popularity and relevance, more modern, progressive accountants are embracing the revolution and encouraging their clients to do the same. The arrival of the government’s Making Tax Digital initiative (http://www.wood-disney.co.uk/blog-post/making-tax-digital) will also make cloud accounting a necessity as opposed to a luxury, so it is important that everyone understands the value that having an effective online system can have on their business.

What would you prefer? A Real Time Accountant or A Redundant Historical Accountant?...

In my blog called “Making Tax Digital” dated 11th February 2016 I referred to being a “Real Time Relevant Accountant” rather than a “Historical and Irrelevant Recorder of Past Transactions”.   I used similar terms again in “More on Making Tax Digital” on 12th April 2016 and “The Four Foundations of Making Tax Digital” on 18th April 2016 when I used the terms  “Real Time Accountant” as opposed to a “Redundant Historical Accountant”.