Making Tax Digital – Demystified

I’m confused about Making Tax Digital. What is it and does it apply to me? I don’t blame you for being confused! Until recently every business with sales over £10k per year was due to start submitting information online every quarter to HMRC starting April 2018. Now,...

Introducing Fashion Foundry mentors 2017/18

The Emerging Designers have now all set up their workspaces in the Fashion Foundry Studio and gone straight into sourcing fabrics, pattern cutting and making use of the machine room. Now we have gotten to know the designers and their work through individual and group...

Ask an accountant | Prep for Self Assessments

‘What advice would you give for organising receipts for end of year accounts?’ Keep on top of your receipts as you go. Way less painful than facing a large pile. Saves money in taxes as you are more likely to claiming all the business expenses you can....

The Jaffa Cake Conundrum

The classic ‘cake or biscuit’ Jaffa Cake conundrum recently re-emerged on Radio 4’s ‘the Philosophers’ Arms’. The programme was using the Jaffa Cake as the basis for a discussion about definitions and the value (or non-value) of...

Ask an Accountant – Making Tax Digital

‘I’m confused about Making Tax Digital. What is it and does it apply to me?’ I don’t blame you for being confused! Until recently every business with sales over £10k per year was due to start submitting information online every quarter to HMRC starting...