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Posts archive for ‘Tax’

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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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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1st June 2018

THL continues to grow

Filed Under: Tax, THL News

As part of our ongoing expansion at THL, we are pleased to welcome Elyss Woodward to the team who will be joining as Tax Senior.

With tax legislation forever changing, the introduction of Making Tax Digital (MTD) and are on-going growth at THL, Elyss joins the team at a fitting and exciting time!

Joining the industry in 2013, Elyss obtained her full membership of The Association of Taxation Technicians (ATT) in March 2016. During this period, Elyss was one of 25 winners of the 2014 Association of Tax Technician 25ATT25 Award, which recognised and celebrated the achievements of some of the UK’s top young tax professionals.

Having previously been responsible for a portfolio of over 250 clients, Elyss has a wealth of knowledge and experience to add to THL and our clients, ranging from high net worth returns to trusts and inheritance tax.

We are excited to see what the future holds and introduce Elyss to the THL family and our clients.

For any tax advice please contact the office or arrange a consultation through our website.

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