(IR35) Off-Payroll Changes: are you prepared?

From 6 April 2020, a major shake-up of the off-payroll (IR35) rules is expected. Draft legislation has already been published, though final details and HMRC guidance are still to come. The new regime will affect you if you work via your own personal service company...

Xero Conference 2019 – Exciting New Product Updates

At the recent Xerocon at the London ExCel we heard from various Xero product partners and app partners on their exciting new products for 2020. Xero announced a suite of features targeted towards small businesses, the most exciting one being Business Snapshot – this...

Xero Conference – the Glastonbury for Accountants!

A few of the Horsfield & Smith team recently travelled to London to attend the two day Xerocon at ExCel – namely, the Glastonbury for Accountants! Event Recap We heard from keynote speakers: Xero’s CEO, Steve Amos and Managing Director for Xero UK and EMEA, Gary...

Making Tax Digital for VAT: re-examining the key points

Making Tax Digital for VAT (MTD for VAT) is up and running. Most VAT-registered businesses with taxable annual turnover above £85,000 will now be signed up to HMRC’s new system. This requires digital records to be kept, and VAT returns to be filed using MTD for...

The Case of the Missing Budget

Introduction It’s been an eventful few years in British politics, but 2019 has been something else again with one jolt after another. The 29 March deadline for the UK to leave the EU was extended to 31 October and then again until 31 January 2020. Boris Johnson...