Tax. The very word can sometimes send shivers down your spine! But what if we told you there's a way to make things a little less… taxing? Enter Making Tax Digital for Income Tax & Self-Assessment (MTD IT)!

Now, before you click away, hear us out. This isn't about making tax more complicated. It's actually about bringing your tax admin into the digital age, which in the long run, can save you time and reduce errors. What's more, if you work through Taxfile, it could also save you money! Think of it as upgrading from paper maps to Google Maps for your finances!

The post Making Tax Digital for Income Tax: Your Friendly Guide appeared first on Taxfile.

VAT — the three little letters that strike fear into the hearts of many a Brit. But fear not, fellow taxpayer! Today, we're taking a break from the spreadsheets and diving into the delightfully quirky world of UK VAT returns. Let's take a look.

The post A Brit’s Guide to Value Added Tax Returns appeared first on Taxfile.

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Hot off the press is our brand new Autumn newsletter for 2016. If you haven't yet seen it, take a look because it's jam-packed full of useful information that'll help you keep your tax affairs and accounts in order, save you money and keep you up to speed on tax matters. Here's a quick flavour of what's included (or click the thumbnail image to view or download the newsletter):

• Act fast to save money on your 2015-16 tax return - see the newsletter's first article.
• Sub-contractors working in the construction industry are invited to claim their CIS tax refunds through Taxfile, so they have their refund in time for Christmas!
• Help if you're late with any previous years' tax returns and tax payments — and how you already owe HMRC at least £1300 if you haven't filed your 2014/15 tax return or paid tax for that year.
• Try the UK's Number 1 cloud-based accounts package FREE, for a month. No credit card required - cancel at any time - full details are included in the newsletter. [UPDATE: Please note that this offer has now expired]
• Help if your tax affairs are in a mess — are you late filing returns or paying tax? Are you worried about HMRC penalties? Are you a foreign worker, working in the UK, and need to get your tax records up to date following the Brexit decision? We're here to help!
• Taxfile are Finalists in the 'Independent Firm of the Year, Greater London' category of the British Accountancy Awards 2016.
• Free tax enquiry Fee Protection Insurance for Taxfile customers who file their tax returns by the statutory deadline through Taxfile.
• How online banking may save you time and money.
• Introduce a new client to Taxfile and save 10% on our fees!
• Saturday opening at Taxfile (Tulse Hill office) throughout November and December.
• Help with all your tax and accounting needs - check out our list of all the things we can help you with — now including auto enrolment!
• And a 'thank you' to all Taxfile customers ...
  

  The post Taxfile’s Autumn Newsletter 2016 appeared first on Taxfile.

  ]]> https://www.taxfile.co.uk/2016/04/cloud-based-accounts-packages/ Fri, 08 Apr 2016 13:43:03 +0000 http://www.taxfile.co.uk/?p=1941 Sign Up & Your Favourite Charity Gets £25 Too! [UPDATE: Please note that this offer has now expired]. If you are a limited company client that signs up to a new cloud accounting software subscription from Taxfile, we’ll donate £25 to your favourite charity. So, as well as saving yourself time and making your life […]

  The post A Great Choice of Cloud-based Accounts Software Packages appeared first on Taxfile.

  ]]> https://www.taxfile.co.uk/2016/01/free-sage-bookkeeping-accounts-packages/ Thu, 14 Jan 2016 14:24:28 +0000 http://www.taxfile.co.uk/?p=1704 [UPDATE: Please note that this offer has now expired]. Taxfile's customers can benefit from an incredible offer on a range of Sage accounting packages at the moment. We're offering a FREE or, in effect, heavily subsidised* Sage accounting package to all active Taxfile customers, whether existing or new. There are various different packages available so we're sure we'll have one which will suit every customer perfectly. The list of benefits is almost endless — here are just a few:
  • Firstly we'll GIVE* Taxfile customers the package — you don't have to pay Sage at all;
  • Say hello to quick and easy bookkeeping and record-keeping;
  • Quick and easy cash flow management tools;
  • Cloud-based record keeping means you can access accounts records from anywhere with an internet connection;
  • Automatic bank statement integration makes bank reconciliation a breeze, helping when receipts go missing and even recognising - and accounting for - regular transactions;
  • A mobile app module allows you to simply snap a photo of your receipt and it uploads to your Sage account (say goodbye to physical receipt storage!);
  • Less paperwork!
  • Automatic tax computations performed by the software;
  • Report and analysis options;
  • VAT handling;
  • Automatic VAT return options (or let us handle it for you as you prefer);
  • Shows you the taxes and National Insurance due so you can easily pay them on time;
  • Fast and easier tax returns;
  • Help from Taxfile at any point and from Sage's own helpful videos;
  • Helps you stay in line with UK laws, taxes and regulations;
  • No experience needed;
  • Perfect for the self-employed, start-ups and small businesses;
  • Taxfile will even be happy to set you up;
  • Integrated invoicing and quotation options available (even from your mobile phone!);
  • A quick and easy payroll bolt-on is also available for limited companies, with payslips, RTI, Auto Enrolment integration etc.;
  • Auto enrolment communications included if you have a company pension scheme;
  • Option to automatically integrate online e-commerce records into your Sage account;
  • Fast and easier company accounts preparation;
  • ... and much more!

  But there is more major benefit - collaboration with us, your accountant!

  The Sage packages we supply are not only free, or in effect heavily subsidised depending on the package involved, but also allow us, your accountant and tax adviser, to collaborate with you within your Sage package with your permission. So where you cannot do something yourself, we can log in using our own integrated Sage administration system to get involved on your behalf, for example to set things up for you, run reports, activate VAT returns, tax returns, end of year accounts, payroll and so on. It's amazing really! So you do as much or as little as you want to ... and we cover everything else!

  You save money!

  Using the easy but powerful Sage bookkeeping and accounting packages supplied by Taxfile
  means that you'll save money. It's as simple as that. Customers using such packages makes our job easier, reducing our chargeable hours working on your accounts, so quite simply saves you money!

  You also save time!

  Our Sage packages will save you SO much time you'll never look back! Once you've tried our Sage packages for a while you'll

  The post AMAZING OFFER! Save Time, Money & Space with a FREE Sage Bookkeeping & Accounts Package!* appeared first on Taxfile.

  ]]> https://www.taxfile.co.uk/2014/12/get-sage-one-cashbook-free/ Tue, 23 Dec 2014 17:09:34 +0000 http://www.taxfile.co.uk/blog/?p=961 [UPDATE: Please note that this offer has now expired]. Get Sage One Cashbook FREE, only with Taxfile. If you are a Taxfile customer you can currently get this excellent online accounting and cashflow package totally free of charge. This is better than any special offer you'll find online for the same product and an additional benefit is that it allows us, your accountants and tax advisors, to collaborate with you within the package (with your permission of course), making managing your income, expenditure, tax accounting and bookkeeping absolute child's play. You can stop at any time; it'll cost you nothing either way.

  Features & Benefits of Sage One Cashbook online include:

  • It allows you to record income & expenditure for your business quickly and easily;
  • Access your records from anywhere with an internet connection, any time;
  • No accountancy experience is necessary – it's simple;
  • Perfect for small businesses, sole traders, etc;
  • It allows you to
    

    The post Get Sage One Cashbook (online accounts package) FREE! appeared first on Taxfile.

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