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Upcoming changes to VAT Penalties & VAT Interest Charges from 1 January 2023
  • Upcoming changes to VAT Penalties & VAT Interest Charges from 1 January 2023

HMRC introduces new VAT penalty regime from January 2023 VAT penalties and interest charges will change for everyone who submits a VAT Return from 1 January 2023. For VAT periods starting on or after 1 January 2023, the default surcharge will be replaced by new penalties if you submit VAT returns late or pay VAT…Read More

Posted in: Helpful Tips | HMRC | MTD | News | Tax | VAT

MTD for Income Tax for Landlords from April 2024
  • MTD for Income Tax for Landlords from April 2024

MTD for ITSA forms a critical building block of the government’s 10-year strategy, which seeks to make the tax system more sustainable and efficient, to improve productivity of businesses, and to better support taxpayers. The Government hopes the shift to Make Tax Digital will give us one of the world’s most digitally advanced tax administrations,…Read More

Posted in: Community | Companies | Helpful Tips | HMRC | MTD | Tax

Autumn Budget 2022 Key Points
  • Autumn Budget 2022 Key Points

If you would like some assistance or advice in anything mentioned above as well as PJCO’s payroll services, please get in touch on 01273 441187.  You May Also Like… Time Tracking In QuickBooks Dext Invoice Fetch Dext Commerce And QuickBooks Reconciling An Account In QuickBooks Using Classes In QuickBooks

Posted in: Community | Companies | Helpful Tips | HMRC | News | Tax

<em>Upcoming navigation menu changes for QuickBooks online</em>
  • Upcoming navigation menu changes for QuickBooks online

When using QuickBooks do you ever feel confused and overwhelmed by the sheer number of tabs and functions at your disposal? You will be pleased to hear that changes are coming to make your QuickBooks experience smoother than ever. Similar to the way the ‘new’ button in QuickBooks helped reduce the hassle of navigation, by…Read More

Posted in: Community | QuickBooks

Upcoming navigation menu changes for QuickBooks Online
  • Upcoming navigation menu changes for QuickBooks Online

When using QuickBooks do you ever feel confused and overwhelmed by the sheer number of tabs and functions at your disposal? You will be pleased to hear that changes are coming to make your QuickBooks experience smoother than ever. Similar to the way the ‘new’ button in QuickBooks helped reduce the hassle of navigation, by…Read More

Posted in: Benefits | Community | Helpful Tips | HMRC | Tax | VAT

Do You Need To Pay Tax On Your Cryptoassets?
  • Do You Need To Pay Tax On Your Cryptoassets?

Cryptocurrency is an encrypted digital payment system working through a computer network which isn’t reliant on an authority to verify payments. Different assets include exchange tokens (used as a means of payment or investment), utility tokens (provide access to goods and services), security tokens (provide right or interests in a business) and stablecoins (built to…Read More

Posted in: Allowance | Approval Automation | Benefits | CIS | Community | Companies | COVID-19 | Helpful Tips | HMRC | MTD | News | Pension | Tax | VAT

Director’s Salary (2022/23) & The Introduction Of The Health & Social Care Levy
  • Director’s Salary (2022/23) & The Introduction Of The Health & Social Care Levy

As the end of the 2021/22 tax year is quickly approaching, it is time to evaluate what this means for company directors and employees in the upcoming 2022/23 tax year. Director’s Salary The UK government will increase Class 1 National Insurance thresholds from the 6th of April 2022, with the Employer’s National Insurance (ER NI)…Read More

Posted in: Allowance | Approval Automation | Benefits | Brexit | Charity | CIS | Community | Companies | COVID-19 | Guest | Helpful Tips | HMRC | Loans | MTD | News | Pension | QuickBooks | Tax | VAT

8 Ways To Reduce Your Capital Gains Tax Liability
  • 8 Ways To Reduce Your Capital Gains Tax Liability

1. Use your Capital gain tax allowance: You are allowed a tax-free Capital Gain Tax allowance of £12,300 (2021/22) before CGT will be due. This is a separate allowance to your tax free personal allowance for Income tax. Any gains of up to £12,300 in a tax year will therefore not attract capital gains tax.…Read More

Posted in: Allowance | Benefits | Companies | HMRC | Tax | Uncategorised | VAT

Important Changes for Taxi, Private Hire or Scrap Metal Licence Applications.
  • Important Changes for Taxi, Private Hire or Scrap Metal Licence Applications.

Need to apply for a Taxi, Private Hire or Scrap Metal licence soon? The Government have announced that there will be changes to the application process which you need to be aware of from 4th April 2022.   The rules are changing if you’re an individual, company or any type of partnership applying for a licence for a:  Taxi driver.   Private hire driver. …Read More

Posted in: Allowance | Approval Automation | Community | Companies | Helpful Tips | HMRC | Staff | Tax | Uncategorised

Government Support and Child Care.
  • Government Support and Child Care.

If you have children, then the Government support you in various ways with your childcare costs. There are three main initiatives and even the government admit that 4 out of 5 people don’t claim all they are entitled to, so we have tried to summarise the schemes below as well as point out scenarios that…Read More

Posted in: Benefits | Community | Companies | Helpful Tips | HMRC | Tax | Uncategorised

How to write off Bad Debts within QuickBooks Online (QBO)
  • How to write off Bad Debts within QuickBooks Online (QBO)

Bad debt(s) will mean that a customer owes you money, however for some reason you are unable to collect it. Within QBO, this will result in you having a debt owed to you which you know you aren’t going to get paid for. To write this balance, or ‘bad debt’ off, the remaining balance will…Read More

Posted in: QuickBooks | Uncategorised

Dext mobile app
  • Dext mobile app

Uploading documents Due to technology constantly changing, companies need to find new ways to adapt against their competition. One way Dext have achieved this is with their mobile app. It is available on IOS and Android and you can download it from the app store or from an invitation via text or email. Once you…Read More

Posted in: Helpful Tips | QuickBooks

Dext – Invoice fetch
  • Dext – Invoice fetch

Dext has a feature where partnered suppliers can send any invoices and receipts straight to Dext, rather than you needing to log into each website and manually find and upload them. Dext Prepare will automatically check each of your authorised suppliers once a week and add any new documentation straight to the inbox. This is…Read More

Posted in: Helpful Tips | QuickBooks

Dext Commerce and QuickBooks
  • Dext Commerce and QuickBooks

Dext recently acquired Greenback to launch their third product on the Dext platform, Dext Commerce, an app that formats information from sales platforms and standardises it ready for processing through to QuickBooks Online. Dext already had Dext Prepare in place, originally a place purely for expense receipts, now with Commerce, they are reaching further into…Read More

Posted in: QuickBooks

Tax implications of a garden office
  • Tax implications of a garden office

Tax implications of building a garden office on the company and director A garden office is a popular alternative to converting home space into a home office. Whether the garden office is built before you move in or is built yourself after you move in, the tax implications are the same. The building The building…Read More

Posted in: Benefits | Charity | Helpful Tips | Tax | VAT

Robert Kiyosaki

The word accounting comes from the word accountability. If you are going to be rich, you need to be accountable for your money.

Robert Kiyosaki