Nigel triumph's at FRP Golf Day 2019

Last week our Managing Director, Nigel Sheldrake, attended the FRP Advisory Golf Day at Upminster Golf Club and was delighted to win the Singles competition. It was the 25th anniversary of the Golf Day which is an excellent event, always well attended and sees the winner receive the orange jacket and claret jug.

Next year Augusta swapping orange for green.

Making Tax Digital

April 2019 sees the start of HMRC's Making Tax Digital initiative for VAT (MTDfV) for most businesses. The new rules will impact VAT registered businesses with taxable turnover above the £85,000 registration threshold, taking effect for VAT return periods starting on or after 1 April 2019.

There have been several recent developments, including the publication of a new VAT Notice covering MTDfV requirements, and the announcement of deferrals for some 'more complex' businesses. Please see attached a pdf copy of our recent newsletter to help guide you through the jargon and answer many of your questions in a concise manner.

Making Tax Digital will affect how we currently service your bookkeeping, and we'd like to talk through your options for how we can get you ready ahead of April 2019.

If you are currently using Excel or manual records to record your financial activity and VAT liability you will need to find a suitable, MTD compliant, alternative and we recommend Sage accounting cloud software to manage your accounts and keep digital records of transactions.

Sage Business Cloud Accounting is simple yet powerful cloud accounting that's packed with innovative features to help your business succeed:
• Perfect for small businesses
• Ready for Making Tax Digital
• All you need to manage finances and cash flow
• Secure in the cloud
• Easy-to-use mobile app for receipts, expenses and invoices
• Range of apps to help you get paid faster, reduce admin and be more productive