Even in a profession filled with bugbears, the form P11D inspires unique annoyance among accountants. In short, the forms pass the burden of taxing benefits and expenses onto employers and their accountants.
What does it mean to be a true cloud practice? For Alan Woods, managing director of Woods Squared in Wirral, the answer is easy: Flexibility and simplicity.
The difference is night-and-day.” That’s Stephen Watson’s verdict after making the jump to Capium. Watson, who is based in Northumberland, runs his own 12 client bookkeeping practice.
For a long time, Apple’s legendary CEO Steve Jobs resisted apps. These third-party programmes, he feared, could be an easy way to sabotage Apple products.
Anti-money laundering (AML) checks have long been part-and-parcel of the profession, but there are signs on the horizon that AML compliance will be a battlefield for accountants.
With MTD dominating the agenda, don’t forget it’s that time of year to sweat the small stuff, closing the Payroll calendar for the previous financial year. Getting out those all-important P60s to ensure due compliance. With that in mind Capium has come up with a simple 6-step process to get you ready for the next financial year.
1. Check on payroll period ending
Topics: RTI Payroll
The business of buying and letting property can be compared to playing three-dimensional chess. Decisions made at one stage will affect the tax payable and the deductions allowable for tax at later points in the property business lifecycle.
Making Tax Digital (MTD) means more admin for accountants and clients, alike. A significant challenge we discuss in our regular meetings with HMRC relates to helping small businesses cope with the increased workload.
As we’ve mentioned before, HMRC isn’t creating its own software for Making Tax Digital (MTD). Instead, they’re working closely with external solutions like Capium, which they’ve recognised as an MTD-ready solution to link into their systems. As a result, we’re in constant contact with HMRC, discussing compliance challenges and how software can address them.