YORKSHIRE ACCOUNTANCY

 

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Making Tax Digital – 10 Myths Debunked

Making Tax Digital – 10 Myths Debunked

Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient and easier for taxpayers. It begins on the 1st April 2019 with VAT. From that date VAT registered businesses have to keep digital records and submit VAT...

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Making Tax Digital without using an online app?

Making Tax Digital without using an online app?

VAT Changes You will have heard us talking about Making Tax Digital (MTD) and how it affects small businesses. The new rules mean if you are VAT registered with a turnover more than £85k per year, you have to submit your VAT return differently in April this year. You...

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5 Signs You’re Ready to Start a Business

5 Signs You’re Ready to Start a Business

At Yorkshire Accountancy, we help new businesses get off the ground and encourage our clients with proactive support. If you're thinking about starting a business, here are some key signs you’re ready to take the plunge! 1. You can explain your idea in 15 seconds Even...

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Should I Register for VAT?

Should I Register for VAT?

Should I Register for VAT? One of the most common concerns among those running new and, believe it or not, not so new businesses is VAT.  It is not well understood, and people are often confused as to whether or not they need to register. VAT is a complex area and the...

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How Do I Set Up a Company?

How Do I Set Up a Company?

Whether you have been a sole trader and are looking to expand, or have a new business venture that you want to get moving on in the Hull area, setting up a company could be the best structure for you.  However, on discovering that you can choose a UK Limited Company,...

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Job Opportunities – Accountancy jobs in Hull

Job Opportunities – Accountancy jobs in Hull

Looking for an Accountancy Job In Hull??  We are a small, friendly, pro active team.  We work with small businesses and individuals in the UK. Our main offices are in Cottingham - around 5 miles from Hull. We offer: - Flexible working hours Competitive salaries...

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Changes to VAT reporting from April 2019 and making tax digital

Changes to VAT reporting from April 2019 and making tax digital

It is a pandemic agreement that Making Tax Digital for business is the correct approach for the future. From April 2019, a new scheme will be introduced as a part of The Government Making Tax Digital (MTD), where businesses are required to use compatible software to...

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Salaries Paid In Gold Now Under HMRC Scrutiny

Salaries Paid In Gold Now Under HMRC Scrutiny

For a long time now, salaries that are paid in gold have been a completely legal ‘tax dodge’. However, HMRC has now said that this practice must stop, as it is immoral and a form of tax avoidance which cannot be allowed. The decision was made by an expert panel who...

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Trusted Accountants for Small Businesses

Trusted Accountants for Small Businesses

Are you interested in switching accountants? Have you been looking for accountants for small businesses? Maybe you’re a sole trader who is finding the task of looking after your accounts increasingly arduous? If so, speak to Yorkshire Accountancy today. We offer a...

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Fully managed accounts from Yorkshire Accountancy

Fully managed accounts from Yorkshire Accountancy

At Yorkshire Accountancy, we offer a range of financial services for a vast series of businesses. We pride ourselves on our professional, clear-talking approach as well as our punctuality and efficiency. We are fully committed to delivering affordable accountancy...

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What is capital allowance tax relief?

What is capital allowance tax relief?

Capital allowance tax relief allows businesses to write off the costs of capital assets against their taxable profits. Through the Annual Investment Allowance, businesses can claim up to £200,000 of their annual investment in plant and machinery aside from cars. A...

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Labour Promises New Tax Rates to Fund NHS

Labour Promises New Tax Rates to Fund NHS

With the surprise general election just a matter of weeks away, all of the political parties are vying to get your vote. One of the most recent promises to come out of these campaign ideas is from Labour and, of course, it is all about taxation. Labour’s plan is to...

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Residential Property Tax Has Changed

Residential Property Tax Has Changed

It has always been something that landlords have had to contend with – taxation. But a number of recent have been put in place, and it is worth reading up on them when possible to ensure you don’t fall foul of the law, and the tax collectors.   There includes,...

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Are The Rich Getting A Better Deal?

Are The Rich Getting A Better Deal?

There have been worrying stories in the news recently about how it seems that those who are richer are getting a much better tax deal than everyone on ‘average’ incomes. The Public Accounts Committee even said that HMRC must not look as though it has one rule for the...

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Ways To Cut Your Tax Bill

Ways To Cut Your Tax Bill

With just under two weeks to go until you need to have returned your 2015-2016 tax bill to HMRC, this isn’t always the most fun time of the year for many. But it still needs to be done. Take a look at some of these ways to ensure your tax bill is as low as it can be,...

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Travel Costs: What Can You Claim?

Travel Costs: What Can You Claim?

Trading as a limited company is a great idea for many; it’s the best way to ensure that you are making the most of your business and your talents. But there can be pitfalls and confusion associated with starting a limited company (or even with a well-established one)...

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No More VAT FRS?

No More VAT FRS?

The FRS (flat rate scheme) for VAT that was introduced back in 2002 by HMRC was seen at the time as a great way to simplify the VAT system. Admin would be reduced, as would any complications regarding difficult calculations. What actually happened, however, was that...

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