The things we do for tax

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

A short explanation of why there are quizzes accompanying each episode, how they work and where to download. The optional quizzes can help you verify or prove you undertook the CPD training.

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

The episode is a refresher and update on developments affecting legislation known as IR35. It includes

· a run through of the basics of IR35, including key changes over the last few years

· the key tests often applied in determining employment status

· Check employment status for tax tool and a suggested approach for the use of the tool

· Umbrella company updates and compliance

By the end of the episode you will have an updated and excellent knowledge on IR35, how it works and the current approach to employment status compliance.

The guest is Ros Martin. Ros is leading tax consultant and can be contacted at [email protected] or www.taxdr.co.uk

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

VAT registrations and de-registrations are seemingly straight-forward areas but there are many issues that can cause problems in practice or running a business.

This episode explores the main problem areas and points to watch in this easily overlooked area.
Essential listening for all the team including those preparing accounts and VAT returns

The guest on this episode is Simone Hurst of VATease Limited. Simone used to work for HMRC and is now a leading VAT consultant and trainer. You can contact Simone for consultancy at www.vatease.co.uk or via email at [email protected].

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants

This episode looks at the MTD Pilot for small businesses and landlords commencing April 2024.

Amongst many things we cover it is explained why all practices should pop one or two clients on to the pilot. How the turnover is calculated to determine who will join in 2026 when it is compulsory and there is a nasty surprise lurking for clients.
Throughout we explain the process and the detailed contents include:
2:07 Which taxpayers are affected

2:38 When the MTD pilot starts

2:55 The new HMRC pilot compared with previous versions

3:18 Which clients can be signed up? Do you have to sign up all clients?

5:31 Why joining might help with the penalty regime

6:17 Which taxpayers will have to join MTD quarterly reporting and from what date?

9:00 Which quarters have to be used?

10:32 What has to be submitted and the 'fifth' submission

12:54 API enabled software

15:15 Three-line accounting

16:06 Using spreadsheets

17:17 When do submissions have to be made by?

19:59 Cumulative basis

22:00 The digitally excluded and MTD

24:30 Quarterly payments????

26:34 How the turnover is calculated and it has a nasty surprise

33:33 How to put clients on the pilot basis

Check www.thethingswedofortax.co.uk for new episodes providing CPD for tax accountants