Here’s my story about how I was invited to the House of Lords to talk about Making Tax Digital for VAT. The issue of Making Tax Digital (MTD) has been with us for a couple of years now. This is HM Revenue and Customs (HMRC) dictating how taxpayers should send information to them. It was …
From 1st April 2019, if you have a VAT registered business with a taxable turnover above £85,000, HM Revenue and Customs (HMRC) are introducing some important changes which will affect you. They are introducing Making Tax Digital for VAT (MTDfV). These may have a significant effect on how you do your bookkeeping. From your first …
As you may know by now the General Data Protection Regulation (GDPR) will come into effect on 25 May 2018. It has been covered in the media and the panic it has caused is similar to the millennium bug. There is no need to panic; however, there is some misinformation out there that we’re concerned will be …
HMRC launched a scheme 8 months ago (September 2017) called the Growth Support Service. The service was set up to provide advice from a dedicated tax expert to British Companies with a turnover of more than £10m or more than 20 employees. It is estimated that there are 170,000 such companies. The intention of the scheme …
We have updated our privacy policy. It can be found by clicking here. Also, the policy is reproduced below. ___________________________________________________________________ This privacy policy sets out how GBM Accounts Limited uses and protects any information that you give GBM Accounts Limited when you use our company. Introduction GBM Accounts Limited is committed to ensuring that your …
If you don’t believe that HMRC make mistakes, read this! We act as agents with our client’s dealings with HM Revenue and Customs (HMRC) and sometimes they get it wrong. A recent incident has highlighted how easy this can be. We had finished a VAT return for a client, ABC Contracting Limited (*), and went …
GBM Accounts are pleased to announce that we will be implementing a file sharing service, called GBM Accounts Openspace. This is a development in respect of the service we provide to clients. It has also been partly prompted by the requirements of the General Data Protection Regulations (GDPR), which come into effect from 25 May …
We are all aware that we should be wary of suspicious emails. However, the scammers are getting more sophisticated. We have received one today supposedly from Companies House in respect of their eReminder Service. What is the Companies House eReminder Service? The Companies House eReminder Service is something which companies can set up so that …
GBM Accounts are thrilled to announce that Alana Watson has joined us as a new employee. This is to fill a new role, which is required due to our continuing growth. Alana brings a wealth of experience to the role, which will be quite varied. The initial focus will be on administrative tasks, but Alana …
HM Revenue and Customs (HMRC) have issued the Employers Bulletin for April 2018. This updates employers with information in respect of the new tax year. Please follow this link. Employers Bulletin – Details HM Revenue and Customs (HMRC) publishes the employer bulletin 6 times a year. They give employers and agents the latest information …