fig events

Making Tax Digital – Is Your Business Ready?

Date and time: January 30, 2019 , 9:15am

Organised by: Aston Shaw

Venue: King’s Lynn Innovation Centre (KLIC), Innovation Drive, King’s Lynn, PE30 5BY

How to register: Please RSVP to secure your place via Eventbrite by clicking the button below.

Cost: FREE

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You may or may not be aware that HMRC have introduced new legislation coined Making Tax Digital which, from 1st April 2019, will affect the way that all VAT-registered individuals, companies, landlords & charities with VAT-able turnover above £85,000 both record and report their financial data to HMRC.

As part of our commitment to ensure our valued clients are both educated about and comfortable with the proposed changes, Aston Shaw are joining forces with Barclays & New Anglia Growth Hub to arrange this free-to-attend seminar to explain in layman's terms what will be changing and how you can take steps to not just comply with, but take advantage of, the new rules.

Did you know that from April 2019 Making Tax Digital (MTD) for Business systems will become mandatory to meet your VAT obligations?

This means that any entity, whether a sole trader, partnership, company, charity or landlord that makes VAT-able supplies above the VAT threshold (currently £85,000 turnover), will be required to submit their VAT return using functional compatible software that is compliant with HMRC’s new MTD reporting system. The Government’s main objective of MTD is to plug the £3.5bn gap that is generated by mistakes made on VAT returns whilst also saving time for both HMRC & taxpayers.

So the digital revolution is coming and it will affect you and your business, even if not right now, in the near future. Already we control our own personal accounts and finances online. We nearly all use online banking, credit checkers and perform BACS payments. Nearly all of us agree it does make our life easier and makes information quicker and easier to obtain. So why should we be treating our businesses any different?

Agenda for the Day:

09:15-09:30 Registration, Tea, Coffee & Networking

09:30-09:40 Welcome, New Anglia Growth Hub, Who Are We and How Can We Help You (10 mins)*

09:40-10:20 Understanding Digital – Data and APIs (40 mins)*

10:20-11:00 Making Tax Digital (40 mins)*

11:00-11:15 Refreshment Break

11:15-11:30 Cloud Accounting Demonstration (30 mins)*

11:30-12:10 Cloud Applications (40 mins)*

12:10-12:30 Q&A (20 mins)*

12:30 Close

Please RSVP to secure your place by visiting Eventbrite: https://www.eventbrite.co.uk/e/simple-guides-to-making-tax-digital-cloud-accounting-data-and-apis-kings-lynn-tickets-53593980037

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Making Tax Digital – Is Your Business Ready?

March 20, 2019

Making Tax Digital (MTD) for VAT is just around the corner and we know that some may still be a little bewildered by what it all means. Therefore, following the success of our MTD for VAT seminars that took place in October and February, we are holding a final MTD event in Norwich to provide the opportunity to ask any questions you like of our MTD Adviser, Glenn Savill. Glenn will not only explain what you need to know about the changes but also demonstrate the simplicity of cloud-based accounting software, should you be thinking about making the switch. As ever, the event is completely FREE to attend and bacon rolls and refreshments will be available throughout the morning. All you need to do to reserve your place is e-mail glenn.savill@astonshaw.co.uk confirming that you'd like to attend. Places are limited to just 50 people per event so please ensure you book early to avoid disappointment. We sincerely hope you can come along although if you can't make it but want to ensure you are up to date with all things MTD, please visit www.astonshaw.co.uk/mtd.

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