Making Tax Digital or MTD is an initiative designed by the Government in conjunction with HMRC to make sure the UK tax system is effective, efficient and easier for taxpayers. Beginning on 1 April 2019, VAT-registered businesses above the threshold of £85k will have to keep digital records in line with Making Tax Digital and submit VAT returns using compatible software. The key things to remember are: Business records must be kept in digital form Quarterly updates must be submitted to HMRC An annual ‘End of Year’ report with final figures must be submitted. What does it mean for my […]
Monthly Archives: August 2018
KA Farr & Co Accountants Southport recent team-building afternoon at the Crazy Golf course paid dividends for staff member Debbie Kelly. To find out if practice makes perfect. While playing at Ormskirk Golf Club she hit a hole-in-one at the 14th par 3! “I knew I’d hit a good shot as it sailed off in a direct line to the flag” she told colleagues. “But the green is surrounded by bunkers and it often drops right into one of them.” Debbie says “It was a wonderful feeling to see it go in the hole from the tee but we still […]
Accountants Research suggests that if you treat your staff well and invest in them through fair pay and benefits, they’ll be more likely to stay with your company over time. That means lower costs, better employee morale, and higher productivity – which can only be good for clients too. Here at K A Farr & Co we have great staff retention, 86% of our team have been with us more than 5 years and the average length of service of our current team is 13 years! However, sadly we have just lost one of our longest serving members, due to a well-deserved […]