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Posts archive for June, 2018

22nd June 2018

BEWARE – HM Revenue & Customs Phishing Email!!!

Filed Under: Tax, Business News

A phishing email is circulating stating it from HM Revenue & Customs and advising of an ‘Unsuccessful Submission’. Should you receive an email of this nature, please be aware as it may be a scam containing a virus! There are three points to review that will help identify if it is a phishing email:

  • HM Revenue & Customs will not provide a link on receipts of online submissions. The phishing email provides a link asking you to ‘View Submission’.
  • Check the PAYE reference. Does the reference match your PAYE records? We believe the phishing email uses a generic reference.
  • Check the senders email address. HM Revenue & Customs official email address for receipts of online submissions is noreply@confirmation.tax.service.gov.uk.

Should you have any queries or concerns, please do not hesitate to contact us.

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14th June 2018

Atlantic Coast to the Mediterranean Sea!!

Filed Under: THL News, Events

In September Paul will be cycling across the Pyrenees from the Atlantic Coast to the Mediterranean Sea.  This unique and gruelling cycling event is known as ‘The Raid’ and Paul will take on a journey which includes over eleven of the most famous Cols in the Pyrenees, which he hopes to complete in less than 100 hours!

Look out for more on this epic feat and on Paul’s training for it in the weeks to come.  Details of how to sponsor Paul will also follow.  

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7th June 2018

THL Top 10 Benefits to Cloud Accounting

Filed Under: Tax, Accounting

With the Government’s plans to Make Tax Digital (MTD) by 2019, quarterly submission will be required to be filed using some form of software.

From April 2019, businesses with a turnover above the VAT threshold will have to keep digital records for VAT purposes and from 2020, businesses may be asked to keep digital records and update HMRC quarterly for other taxes.

In preparation for when the new regulations are fully introduced, online/cloud accounting software is propose as a solution for small and medium-sized businesses. Cloud accounting software, such as Xero, increases efficiency, offers a range of features and many more benefits.

Our Top 10 Benefits to Cloud Accounting

  • Easy to use
  • Access to multiple users and set permissions
  • Automatic software updates
  • Save time with automation
  • Works from anywhere with an internet connection
  • Value for money
  • Up-to-date data
  • Secure
  • Collaborate easily with your accountant
  • Performance reports for your business

It is worth noting that HM Revenue & Customs currently have no plans to provide a free software for Making Tax Digital.

For further information regarding Cloud Accounting please contact our Accounts Manager Laura Clark .

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