After a long wait, the Making Tax Digital (MTD) deadline is finally upon us. As of the 1st April 2019, all VAT-registered businesses who are above the £85,000 threshold will have to use this more effective and efficient tax system to submit their returns. Going digital has been a long time coming, if you’re yet...Read More

There are several reasons why you may not be able to pay your self-assessment tax return bill on time. Cash flow difficulties are one of the most common reasons for late payment to HM Revenue & Customs (HMRC), but it’s important to understand that you’re not alone. According to recent findings, as published in The...Read More

Update: The Making Tax Digital Pilot Has Been Extended! After introducing the Making Tax Digital (MTD) scheme and unveiling the benefits that go hand-in-hand with the digital accounts packages it endorses in our last blog post, we’re back with an update. The HM Revenue & Custom (HMRC) pilot of Making Tax Digital has now been...Read More

Making Tax Digital In today’s technologically driven world, everything we need is now at our fingertips courtesy of the smartphones, tablets and other devices that keep us connected to the net anytime, anywhere. So it comes as no surprise that HM Revenue and Customs (HMRC) is digitalising the UK tax system. The start of Making...Read More

Making Tax Digital Technology has done wondrous things for a vast selection of sectors. The world of accounting has been equally transformed with the software used by our team making the management of finances and the meeting of tax obligations simple for the businesses and sole traders we work with. The government’s plans to make...Read More

Paying Too Much Tax? It was recently reported that UK tax payers were set to overpay some £4.9 billion in tax. Whilst individual tax payers overpay on average £165 annually, many companies and sole traders overpay by thousands due to tax inefficiencies. For businesses in particular getting the right assistance and tax planning advice is...Read More

Tax Changes What You Need to Know Whilst this year’s Autumn Statement seems to have been delivered such a long time ago in the world of finance, the latest changes and their effects are only just being realised and felt by businesses and individuals alike. As an accounting firm that always has its finger on...Read More

Dividend Tax After being offered an early insight into the Treasury’s plans for the next tax year, many business owners are certain to have their own questions about what the proposed changes will mean for them. One area in particular that has sparked many queries is Dividend Tax, but what do you need to know...Read More

Make Filing Your Tax Return Quicker and Easier With the year coming to an end, it’s almost time for the procedure that many sole traders and business owners dread – the self assessment tax return! Whilst the deadline for paper submissions is long gone, the deadline for online returns is looming, and those needing to...Read More

Tax Return Deadline With the deadline for tax returns swiftly drawing closer and closer, many sole traders, especially those that are newly self-employed, will be looking to simplify the Self Assessment procedure. Here at Hurren Accountants, we assist a number of self-employed professionals from across a variety of sectors to make accounting and the tax...Read More