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The AV Blog

Cybersecurity – the most important security you’ll ever need

Would you leave your front door open? Would you leave your car unlocked? Would you leave your handbag unattended? No. So why do people still not see the importance of cybersecurity? When you take a step back and think about how much of our day to day lives are controlled by computers, smartphones and servers […]

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How to save time and improve your book-keeping

Purchase invoice capture – a fundamental of the cloud accounting journey! Being on the cloud to ensure MTD compliance is a good starting point, but now this change has happened, we should take advantage of the positives of using online book-keeping systems. Invoice capture is as simple as it sounds, when you receive a receipt […]

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Using Xero & affected my MTD?

Making Tax Digital came into effect from 1st April 2019. Under the new regulations, all UK businesses that are VAT registered and above the £85,000 threshold are now required to keep their records digitally and submit VAT returns to HMRC using MTD-compatible software. You are now unable to submit VAT returns using the HMRC website. […]

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Trivial Benefits; A Quick Guide

If you’re an employer and you provide benefits to your employees, these are usually subject to tax and National Insurance. HMRC introduced a new exemption for “trivial benefits”. This means that small gifts to employees and entertainment provided to employees are now exempt for tax and NI. What is a Trivial Benefit? A trivial benefit […]

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Does your business qualify for R&D tax credits?

R&D (Research & Development) is a tax relief scheme which was introduced by the Government in 2000 to help and reward innovative businesses thus allowing them to progress. What is R&D? R&D takes all allowable expenditure incurred during the R&D project and allows you to gross it up by 130% meaning you can effectively deduct […]

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MTD | we’re here to support you!

It’s nearly the start of MTD! On 1 April 2019, businesses that are VAT registered and over the £85,000 threshold will need to file VAT Returns using MTD compatible software. We do appreciate that this is a BIG change for some VAT registered businesses, but we are well underway in helping your business through these […]

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Useful tips for the tax year end!

As the 2018/2019 tax year end approaches, have you thought about doing some last-minute tax planning that could save you money? Here are a few simple tips to help with your tax planning: Dividends If you haven’t already, pay yourself dividends to use up the dividend allowance. Companies with adequate retained profits should contemplate paying […]

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When will Making Tax Digital (MTD) affect your businesses VAT filing?

Here’s a great way to check when your business will be affected for Making Tax Digital for VAT. From 1st April 2019, VAT registered businesses with a turnover above the VAT threshold of £85,000 must follow the MTD rules for VAT. This signifies the following: Keeping digital VAT records Using MTD compatible software to submit […]

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UK Payslips: Changes to the Law in April 2019

On 6th April 2019, new legislation comes into effect which requires all workers to be given itemised payslips. It was noticed by UK Government that some employers had been either inadvertently or deliberately, flouting UK Employment Law and denying some employees their rights to minimum pay. For zero or low hour contracts, many companies were […]

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