A quick reminder: Reporting expenses and benefits

 

Reporting benefits and expenses provided to employees

HMRC has recently updated its toolkit dealing with the reporting of expenses and benefits provided to employees and directors in the light of significant recent changes in this area.

HMRC toolkits are designed to help minimise the risk of errors in returns and computations and their use, although voluntary, will be taken into consideration in determining whether or not reasonable care has been taken in the completion of a return such as a form P11d reporting expenses and benefits.

Seven reasons why your business will benefit from online accounting

 

Industry magazine Accountancy Age recently published an article ‘Four reasons tech investment is critical for accountants’. It’s an interesting piece on the need for accountancy practices to embrace the digital age and offer clients the means to manage their affairs online. 

Here at RWB we’ve understood for a long time that it isn’t just accountants who need to be considering a move online to achieve a competitive advantage. 

In recent years’ we’ve invested significantly in developing our systems, training our team and partnering with Xero accounting software to become the largest independent Xero Champion in Nottinghamshire. The majority of our business clients are already using cloud-based accounting and enjoying the raft of benefits that come from adopting an online approach. 

Not sure if online accounting is right for you?

Here are seven reasons why your business will benefit from cloud accounting:

RWB's tax date round up: September/October 2017

 

Here's RWB's handy round up of key tax dates to be aware of in the September and October 2017: 

Date:

  What’s Due: 

1 September          
   Corporation tax for year to 30/11/16 

19 September       

 

 PAYE & NIC deductions, and CIS return and tax, for month to 5/9/17 (due 22 September if you pay electronically)

 1 October

   Corporation tax for year to 31/12/16

 5 October

   Deadline for notifying HMRC of chargeability for 2016/17 if not within Self-Assessment and receive income or gains on which tax is due      

19 October           

   PAYE & NIC deductions, and CIS return and tax, for month to 5/10/17 (due 22 October if you pay electronically) 


If you or your business need tax advice or bookkeeping and payroll support, contact us for a chat today on 0115 964 8864 or enquiries@rwbca.co.uk.

The views provided in this article are for general information purposes only. Nothing in this article represents advice of any nature whatsoever. Accordingly, RWB CA Limited does not accept any liability or responsibility for the information contained in this article or any decision or other action that may be taken in reliance upon the information contained within it. RWB CA Limited accepts no responsibility for any errors of fact or opinion and assumes no obligation to provide you with any changes to its assumptions.  

Is cloud accounting safe?

 

Cloud accounting is perfectly safe and secure when used correctly and can lead to a world of possibilities for your business. That's why here at RWB we are Xero Gold partners, and the majority of our clients use cloud accounting services. 

However, as well as using a reputable cloud partner, such as Xero, with their own solid internal security procedures. It is also up to the individual organisations to take extra steps to ensure their data security. 

Making Tax Digital launch date delayed

 

HMRC has announced significant changes to the Making Tax Digital (MTD) scheme, giving many businesses longer to implement the changes.

The new digitised tax scheme which was originally due to go live from April 2018 has now been delayed until 2020 at the earliest for all taxes other than VAT. 

What is cloud accounting?

RWB image_Xero cloud accounting software

 

Cloud accounting software allows you to perform all the functions of traditional accounting but with the convenience of instant access on multiple devices. This can be either on premise software or self-installed accounting packages. However, instead of being on site, the software itself is hosted on a remote server and users access software applications remotely through the Internet or other networks (mobile data) via a certified cloud application. 

Data is sent into "the cloud," where it is processed, encrypted and returned to the user securely.

Using cloud accounting software alleviates the business from the pain of having to install and maintain software on individual desktop computers. It also allows employees in other departments, or branch offices wherever they may be, to access the same data and the same version of the software, and more importantly work on the move.

Barrister accounts: Your FAQs answered

 

If you’re like many barristers, you probably have a fair few questions about your accounts and general financial arrangements. Not surprising reallyas financial accounting for barristers is often complex with numerous matters which relate solely to your profession.

We've answered some common questions in our series of blogs, however, if you don’t find the answeryou are looking for or would like to talk to our dedicated barrister teamdrop us a line.  

Our Location

Contact us

Our Location
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Contact Info:
Tel: 0115 964 8888
Fax: 0115 964 8889
Email: enquiries@rwbca.co.uk

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