Podcasts about Making Tax Digital

Making Tax Digital represents HMRC's ambitious plan to bring tax reporting into the digital age. Consequently, we're facing significant changes that will affect thousands of self-employed individuals and landlords across the UK. Moreover, these changes are no longer a distant possibility but a concrete reality with confirmed implementation dates. The MTD Timeline: When Changes Take EffectOriginally, MTD was scheduled for April 2024. However, the government revised the timetable in December 2022. Subsequently, we now have a phased rollout approach that gives businesses more time to prepare.Specifically, the implementation follows this timeline: April 6, 2026: Businesses earning over £50,000 annually from self-employment or property letting must comply April 6, 2027: The threshold drops to £30,000-£50,000 April 6, 2028: Finally, those earning £20,000-£30,000 must join the schemeHow MTD Changes Your Tax ReportingPreviously, most self-employed individuals filed one annual tax return. Conversely, MTD requires quarterly updates throughout the year. Accordingly, you'll submit information four times annually, followed by a final year-end declaration.Additionally, paper records become obsolete under these new rules. Instead, you must use MTD-compatible software to record all income and expenses digitally. Eventually, traditional self-assessment returns will disappear entirely, replaced by this quarterly system. Should You Incorporate to Avoid MTD?Currently, limited companies don't fall under MTD requirements for corporation tax. Therefore, some business owners consider incorporating to delay compliance. However, we strongly advise against making decisions purely for tax reasons.Historically, incorporation provided significant tax savings. Nevertheless, these benefits have diminished over recent years. Generally, the tipping point for incorporation sits around £25,000 annual profit. Below this threshold, the tax advantages often prove marginal.Furthermore, becoming a limited company brings additional responsibilities: Companies House registration and annual filings Payroll system operation Both personal and corporate tax obligations Higher accounting fees Stricter penalty regimesAdministrative Impact and CostsUndoubtedly, MTD increases administrative burdens for self-employed individuals. Quarterly reporting means more frequent deadlines and ongoing software costs. However, embracing digital accounting tools can streamline this process significantly.Alternatively, limited companies face different administrative challenges. Specifically, they must manage payroll obligations, national insurance contributions, and potentially VAT compliance. Additionally, the rules around mixed personal and business expenses change when you incorporate. Making the Right Decision for Your BusinessObviously, there's no one-size-fits-all solution to this challenge. Rather, your decision should align with your business goals and circumstances. Particularly important is considering your long-term strategy, not just immediate tax implications.Certainly, professional advice proves invaluable when navigating these choices. Whether you choose to remain self-employed or...

This week on The Tax Factor, Heather Self and Rehana Earle look at HMRC scaling back phonelines and webchat services to tackle fraud.They discuss a recent SDLT case where timing could cost a taxpayer their refund, the tribunal sided with the taxpayer, but the battle may not be over yet. Making Tax Digital is expanding to the self-employed and landlords, but a new survey reveals worrying gaps in public awareness, is HMRC doing enough to get the message out? And arise Sir Jeremy Hunt!See omnystudio.com/listener for privacy information.

Get your free verifiable CPD for this episode here >>>  https://www.dentistswhoinvest.com/videos/what-the-spring-budget-means-for-dentists-with-david-hossein———————————————————————Chancellor Rachel Reeves's spring statement brought limited changes, but dental practices still face significant financial shifts from April 1st stemming from October's budget announcements. Specialist dental accountant David Hossain breaks down exactly what dental professionals need to know right now.The increasing cost pressures on dental businesses deserve close attention. With employer National Insurance contributions rising by 1.2% and the National Living Wage jumping to £12.21 hourly, practice owners face immediate decisions about pricing structures and operational expenses. Meanwhile, those considering practice sales should take note of the Business Asset Disposal Relief tax rate climbing from 10% to 14% on the first £1 million of proceeds - a change triggering a flurry of transactions before the April deadline.Beyond these immediate concerns, dental professionals should prepare for expanding HMRC enforcement activity. Random practice inspections are becoming more common after years of relative quiet, while late payment penalties increase to 10%. Making Tax Digital also moves forward despite delays, eventually requiring quarterly accounting submissions. With economic growth forecasts halved to just 1% and government welfare cuts expected to push 250,000 people into poverty, the broader economic environment presents additional challenges for dental businesses.Want to turn listening into learning? We're excited to announce that this episode offers free verifiable CPD to all UK dentists. Simply click the link in our description, complete the questionnaire, add your reflections, and we'll email your certificate. Stay financially informed while meeting your CPD requirements - subscribe now for more essential insights that protect and grow your dental business.———————————————————————Disclaimer: All content on this channel is for education purposes only and does not constitute an investment recommendation or individual financial advice. For that, you should speak to a regulated, independent professional. The value of investments and the income from them can go down as well as up, so you may get back less than you invest. The views expressed on this channel may no longer be current. The information provided is not a personal recommendation for any particular investment. Tax treatment depends on individual circumstances and all tax rules may change in the future. If you are unsure about the suitability of an investment, you should speak to a regulated, independent professional.Send us a text

Making Tax Digital is back on everyone's radar as we chat to Tony from FreeAgent and hear some of the highlights from John's chats at FAB, with Tom Herbert, Jenesys, FYI. Love it or loathe it - MTD is coming. Outside of the fascinating world of MTD, we have the usual updates in App News, including Indi's analysis on embedded finance.   00:00 Coming Up… 01:00  Intro   App News ~~~~~~~~~~~~~~~~~~~ 04:01 Adfin lands $8m 07:36  Allica launches buy to let mortgages 12:21 Allica rebrand 13:58 Gocardless partners with Pipe 18:12 FreeAgent integrate with Mimo 18:56  Translucent launches prepayments and deferred revenue 22:04 CAS360 launches in the UK 23:29 iplicit (once again) fastest growing firm 26:04  Expensify opens travel management tool   30:25 MTD - Not Going Away (FreeAgent) 40:08 Absolutely FABulous 01:00:59 Like and subscribe!

In the aftermath of the Spring Statement, a number of consultations have been released on the government website. Mark Morton delves into the Making Tax Digital Consultation and how this could potentially impact accountants over the next few years. For more information on this topic and more, please visit www.mercia-group.com for further details.

Recording on location from the Festival of Accounting & Bookkeeping, accountants Della Hudson and Aaron Patrick join host Tom Herbert to discuss the software systems that should be on practitioners' shopping lists in Spring 2025. The trio discuss Making Tax Digital, artificial intelligence and practice management systems, and make a few predictions about what will (and won't) be hot news on the show floor in 2026.

In this short but sweet episode, recorded live on day two of the Festival of Accounting & Bookkeeping (FAB), the team take a look back at the key moments from day one and get ready for the discussions ahead. With AI continuing to reshape the profession, Making Tax Digital developments and tax changes keeping accountants on their toes, there was plenty for the AccountingWEB team to unpack. Tune in to hear the latest insights straight from the show floor.

In this episode of The Bookkeepers' Podcast, Zoe Whitman is joined by Max Whiteley from Dext to discuss Making Tax Digital for Income Tax (MTD for IT). With the rollout set for April 2026, many bookkeepers and accountants are still unsure about what it means for them and their clients. Max breaks down the key changes, what bookkeepers need to be doing now to prepare, and how technology like Dext Solo can make the process more efficient. The conversation also delves into pricing strategies for MTD, how to help clients transition smoothly, and why this is a huge opportunity for bookkeepers to position themselves as experts in the field. You Will Learn: ✅ What MTD for IT means and who it applies to. ✅ Key dates and deadlines to be aware of. ✅ Why bookkeepers should start preparing now. ✅ How to introduce Dext Solo to clients. ✅ Why pricing correctly is essential to avoid undercharging. ✅ How MTD can help bookkeepers provide more value to clients. ✅ Strategies to position yourself as an MTD expert and win new business. Key Takeaways: MTD for IT is happening – The first mandated group (sole traders and landlords earning £50k+) must comply from April 2026. Quarterly submissions will replace annual tax returns – This means 5 filings per year instead of 1. Bookkeepers need to act now – The best time to start transitioning clients is before the 2025/26 tax year. Dext Solo is a cost-effective solution – At just £2.50 per client per month, it provides an easy way for clients to submit records in real time. Don't undercharge for MTD – With more filings and client interactions, pricing must reflect the increased workload. MTD is a huge opportunity – Bookkeepers who educate clients and offer proactive support will stand out and win more business. Work With Us

For many business owners, dealing with HMRC and tax compliance is one of the most stressful parts of running a business. The fear of making mistakes, the pressure of deadlines, and the complexity of the system can feel overwhelming. In this episode, we're joined by Paul Aplin OBE, a trailblazer in tax and business strategy. With decades of experience and a leading role in the Making Tax Digital initiative, Paul shares practical advice for reducing tax-related stress and avoiding common pitfalls. We cover:

Two significant changes will take place from April 2026: Making Tax Digital for Income Tax (MTD IT) and mandatory payrolling of benefits in kind. While April 2026 is over a year away, these changes will require a lot of planning including how workflows and information flows will need to change. MTD IT will require many individuals to keep digital records and send quarterly updates to HMRC, while mandatory payrolling of benefits in kind will see the end of the form P11D process for many employers. In this episode we look at what taxpayers and their agents can do in the coming months to prepare.LinksGovernment and developers commit to MTD ITSA from 2026https://www.icaew.com/insights/tax-news/2024/nov-2024/government-and-developers-commit-to-mtd-itsa-from-2026MTD: what you should do nowhttps://www.icaew.com/insights/podcast/the-tax-track/mtd-what-you-should-do-now Making Tax Digitalhttps://www.icaew.com/technical/tax/making-tax-digitalPros and cons of payrolling benefitshttps://www.icaew.com/insights/podcast/the-tax-track/pros-and-cons-of-payrolling-benefits How to prepare for mandatory payrolling of benefits in kindhttps://www.icaew.com/technical/tax/tax-faculty/taxline/articles/2024/how-to-prepare-for-mandatory-payrolling-of-benefits-in-kindPayrolling Benefits and Expenses webinarhttps://events.icaew.com/pd/29313/payrolling-benefits-and-expensesPanellistsStephen Relf, Technical Manager, Tax, ICAEWCaroline Miskin, Senior Technical Manager, Digital Taxation, ICAEWAdelle Greenwood, Technical Manager, Employment Taxes and National Insurance Contributions, ICAEWProducer Ed AdamsEpisode first published: 7 January 2025Podcast recorded: 17 December 2024

This week on the Tax Factor, Ele Theochari and Gabby Donald look at the latest tax stories in the news. These include a challenge surrounding VAT on school fees in relation to Education, Health and Care Plans (EHCP) from local authorities and a heads-up on the implementation of HMRC's ‘Making Tax Digital' initiative for Income Tax self-assessment. They also look at why the clock is ticking on a high-stakes Upper Tribunal anonymity application, with a pivotal deadline looming on 11 December.See omnystudio.com/listener for privacy information.

Simon answers some common questions he's come across about Making Tax Digital for landlords. This podcast is produced in association with PaTMa (https://www.patma.co.uk/), the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today (https://www.patma.co.uk/). Episode links: * Join our email newsletter (http://eepurl.com/icl-1f) for a free weekly property market report. * Find us on YouTube (https://www.youtube.com/channel/UCRfrbvIJfodFK8tikisCjVw) or LinkedIn: Simon (https://www.linkedin.com/in/simonpither/). Subscribe to The Business of Property podcast on Spotify (https://open.spotify.com/show/73chI0Nqi9eRFUM7tkHc6r), iTunes (https://podcasts.apple.com/gb/podcast/the-business-of-property/id1495635728), and all podcast platforms (https://www.thebusinessofproperty.com/subscribe). Please leave a rating and review if you're enjoying the show.

You can find further information regarding making tax digital at Overview of Making Tax Digital - GOV.UKFor more on Ceandice's company visit Main Tax Co – A unique accountancy, tax and business advisory company.Make sure to check us out at RuralPod Media. You can follow Rural Business Focus and contact Ben on Twitter @ruralbf_pod or on Instagram @ruralbusinessfocusPlease note that this podcast does not constitute advice. Our podcast disclaimer can be found here. Have you thought about the benefits of podcasting for your business? If you  want to find out more or work with Ben to make your own podcast or to organise some podcast training for your business visit ruralpodmedia.co.uk 

The government has launched a consultation on electronic invoicing to help improve productivity, reduce fraud and close the tax gap for businesses. Tom Herbert explains e-invoicing, what's been announced and the next steps. Richard Hattersley looks into the Administrative Burdens Advisory Board (ABAB) survey results which revealed further criticisms around Making Tax Digital for income tax and HMRC's customer service. The team discusses what's been said and whether this survey will make a difference. Looking into another set of results, Matthew Ord shares the The Office for Professional Body Anti-Money Laundering Supervision (OPBAS) report into AML supervision. The report said they had not seen any material improvement in supervisors' effectiveness in the core areas of supervision. Matthew Ord questions what needs to be done.

In this informative session hosted by the National Association of Sessional GPs (NASGP), Victoria (Tori) Ferguson, a tax manager at Honey Barrett, shares essential advice for GP locums on managing their finances, tax obligations, and pensions. Tori, a chartered tax advisor, offers a comprehensive guide tailored to GPs who are new to locuming or those seeking a refresher on best financial practices.For further advice on these topics, NASGP members can access more resources and guidance on the NASGP website: https://nasgp.org.ukDuring the talk, Tori covers 10 key points to help locum GPs successfully manage their self-employment status. She explains the importance of setting up a personal tax account, notifying HMRC of self-employment, and staying on top of record-keeping and software tools like LocumDeck. Other essential topics include navigating the NHS pension scheme, understanding expenses for tax deductions, and planning ahead for tax payments, especially with looming changes such as Making Tax Digital.The session also delves into the nuances of claiming allowable business expenses, the significance of maintaining separate bank accounts, and the critical need for GPs to view themselves as both a doctor and a business. Tori emphasises the importance of investing in financial education to stay up-to-date with ever-changing tax laws, whether through self-learning or hiring a specialised accountant.The Q&A session further explores real-world concerns, such as handling fraudulent use of unique taxpayer references (UTRs) and dealing with the complexities of IR35 and employment status, highlighting Tori's expertise in resolving practical issues GPs may face.Intro 00:00Topics covered: 1. Setting up a personal tax account. 02:41 2. Informing HMRC about self-employment. 03:38 3. Importance of bookkeeping software. 05:23 4. Record-keeping essentials for locums. 06:25 5. Navigating expenses and the trading allowance. 08:30 6. Pension contributions and time limits. 12:00 7. Managing a separate business account. 15:15 8. Saving for taxes and avoiding pitfalls. 16:53 9. Viewing yourself as a business owner. 20:21 10. Investing in financial education. 21:52Q&A 25:41Highlights: • HMRC UTR fraud cases and how to handle them. 27:46 • Employment status and IR35 for locum GPs. 38:07For further advice on these topics, NASGP members can access more resources and guidance on the NASGP website: https://nasgp.org.uk#GPs #LocumTax #Pensions #NASGP #HoneyBarrett #SelfEmployment #TaxAdvice #GPFinance #MedicalAccountants #MakingTaxDigital #IR35 #LocumDeck

Making Tax Digital income tax self assessment (MTD ITSA) will start in April 2026 for the self-employed and those with income from property with gross income of more than £50,000. It has been described as the biggest change to affect tax agents and their clients since 1996/97 when self assessment was introduced. This episode of The Tax Track looks at what agents need to do now to ensure that their practice and their clients are ready.Discussing the issues involved are Lindsey Wicks, Senior Technical Manager, Tax Policy, ICAEW; Caroline Miskin, Senior Technical Manager, Digital Taxation, ICAEW; and Rebecca Benneyworth MBE FCA, sole practitioner and tax speaker.LinksMaking Tax Digital www.icaew.com/mtd PanellistsLindsey Wicks, Senior Technical Manager, Tax Policy, ICAEWCaroline Miskin, Senior Technical Manager, Digital Taxation, ICAEWRebecca Benneyworth MBE FCA, founder, Rebecca Benneyworth & Co, tax speaker, writer and consultant, and deputy chair of the Tax Faculty's Technical and Oversight CommitteeProducer Ed AdamsEpisode first published: 29 August 2024Podcast recorded: 20 August 2024

In this episode of our Learn Better Podcast host and Head of Learning at Kaplan, Stuart Pedley Smith, talks all about Making Tax Digital.  Our guest is the director of Making Tax Digital for HMRC, Craig Ogilvie. His experience and passion for this initiative puts Craig in a perfect position to explain what Making Tax Digital is, and why it's so important.   

In this timely 15-minute episode of FFS! Fast Finance Sorted, hosts Martin, Beth, and Hilary express their frustrations with HMRC's shift towards digital-only services, highlighting the challenges of navigating online customer service when you just need to speak to a human. They delve into the upcoming changes to Making Tax Digital, explaining the imminent requirement for all taxes to be managed digitally. LinkedIn Legend Gemma Connell's question about transitioning from Excel spreadsheets to Making Tax Digital kicks off a discussion on the best software options for managing finances and staying compliant with new regulations. To wrap up, the hosts draw inspiration from the film "The Accountant," discussing the creative ways authorities used tax records to bring down infamous criminal Al Capone and the importance of meticulous financial management. Episode 23 offers a blend of practical advice, tech insights, and engaging storytelling, guiding listeners through the digital tax transition with ease. Tune in for a fast-paced discussion on staying ahead in the digital tax era!

Lucy Cohen joins the AccountingWEB team on the podcast this week to discuss the challenges of this year's self assessment season, receiving a multimillion-pound investment in her firm and MTD ITSA testing. With just under a week to go before the self assessment deadline, and 3.8m taxpayers still needing to file, the AccountingWEB editorial team talk about the late filers, the missing information, the client chasers, the late nights, the long HMRC helpline wait times and much more, as we chart the highs and lows of this year's busy season. Lucy Cohen, the co-founder of Mazuma Accountants and speaker at the Festival of Accounting & Bookkeeping, pulls back the curtains on her firm's self assessment season. We also catch up with Lucy on the day that Mazuma announced a multimillion-pound investment from Innovation Investment Capital Limited Partnership (IIC), the Cardiff Capital Region (CCR) backed fund. Lucy gives the inside scoop on how the investment came about and their plans to scale the firm in 2024. Meanwhile while all attention is on self assessment and planning ahead, the elephant in the room is of course Making Tax Digital. And this week we learned of HMRC's plans to revive the pilot, only we're not calling it a pilot. AccountingWEB's Tom Herbert summarises the latest developments of the digital project. Lucy will be one of the many expert speakers at the Festival of Accounting & Bookkeeping (FAB) on 13 and 14 March at the NEC, Birmingham. Go to Fab.uk to book your free tickets! Show timings 1m 30s Mazuma's investment news 11m 40s Self assessment season discussion 30m 40s MTD ITSA testing 36m 55s Festival of Accounting & Bookkeeping

In this Pitstop Podcast guest special series, we're delighted to introduce Alan Butler, Director of LimeBooks Limited. LimeBooks is an exceptional, user-friendly software designed to simplify and streamline accounting tasks. It's particularly valuable for VAT-registered businesses with a taxable turnover above the VAT threshold, helping them effortlessly comply with the Making Tax Digital rules. At 'Ask the Accountant - Pitstop Podcasts', we rev up your understanding of the accounting, bookkeeping, tech, and finance sectors. Our pitstop episodes are your backstage pass to discover new people in the industry, what they're up to, and their invaluable thoughts on the ever-evolving landscape of their respective sectors. Ask the Accountant is proudly sponsored by Employment Hero! Employment Hero is a leading HR and payroll platform that empowers businesses to streamline their HR processes and simplify payroll management. From onboarding new employees to managing leave and compliance, Employment Hero offers comprehensive solutions to help businesses save time and optimise their operations. To learn more about how Employment Hero can revolutionise your HR and payroll processes, visit their website at employmenthero.com Don't forget to check out their fantastic features and resources to unlock the full potential of your workforce. Thank you to Employment Hero for sponsoring this episode of Ask the Accountant! Join Aaron and Johann, experienced accountants and entrepreneurs weekly on Ask the Accountant, where they discuss various topics revolving around the accounting industry and give business advice and updates. Mondays from 8:30 am. Have a question you want to be answered on the show? Want to collaborate and be a guest on the show? Or just want to find out more? Head over here: https://linktr.ee/asktheaccountant #AccountingInsights #IndustryExperts #AccountexSummitManchester

The Accounting Podcast (formerly the Cloud Accounting Podcast) is the world's #1 accounting, bookkeeping, and tax podcast! Join us weekly for a roundup of accounting news, analysis, and interviews. Plus, earn free NASBA-approved CPE credits for listening with the Earmark app. Learn more at earmarkcpe.com.SponsorsLiveFlow - https://cloudaccountingpodcast.promo/liveflowAccountests - https://cloudaccountingpodcast.promo/accountestsClient Hub - https://cloudaccountingpodcast.promo/clienthubChapters (00:00) - PREVIEW: Lack of audits is hurting the accounting profession (01:07) - Welcome to The Accounting Podcast (02:39) - Listener mail: Audits are just checking a box (06:56) - Listener mail: David asks for alternatives to tracking hours (14:39) - Listener mail: Courtney asks if they should pursue a CPA or EA (25:04) - Listener mail: William asks how new accountants should approach their starting salary at firms (28:14) - Is QBO starting to integrate AI into Mailchimp? (30:37) - FedNow is launching in July (35:50) - The ROI of IRS audits (46:41) - UK's Making Tax Digital rollout is struggling (52:10) - Latest on remote work (55:41) - ESG startup Omnevue secures $3 million in funding (58:41) - Xero announces third price increase in two years and Intuit's response (01:00:19) - Some final thoughts and where to reach David and Blake Need CPE? Subscribe to the Earmark Accounting Podcast: https://podcast.earmarkcpe.comGet CPE for listening to podcasts with Earmark CPE: https://earmarkcpeShow NotesHow much did Congress lose by defunding the IRS? Way more than we thought.https://www.washingtonpost.com/opinions/interactive/2023/irs-enforcement-costs-congress-funding/ Elon Musk Calls Remote Work Morally Wrong 'Bullshit'    https://www.businessinsider.com/elon-musk-remote-work-morally-wrong-get-off-high-horse-2023-5 ESG accounting startup Omnevue secures $3.1 million in Seed fundinghttps://www.finextra.com/pressarticle/97225/esg-accounting-startup-omnevue-secures-31-million-in-seed-funding Credit Unions Gear Up to Build Instant Payments Ecosystems as FedNow Loomshttps://www.pymnts.com/credit-unions/2023/credit-unions-prepare-build-instant-payments-ecosystems-fednow-looms/ FedNow's Rollout Will Spur ‘Major Shift' for Businesses and Digital Wallets, Says Trustlyhttps://www.pymnts.com/news/faster-payments/2023/fednows-rollout-will-spur-major-shift-for-businesses-and-digital-wallets-says-trustly/ Fintech ForwardAI, An Aggregated Direct Data Access Provider To Accounting And ERP Platforms, Launcheshttps://www.crowdfundinsider.com/2023/06/208515-fintech-forwardai-an-aggregated-direct-data-access-provider-to-accounting-and-erp-platforms-launches-forwardly/ Rethinking the CPA 150-hour requirement: There must be a changehttps://www.firmofthefuture.com/training-and-certification/rethinking-150-hour-requirement/ Government execution of MTD ‘out of control' as costs spiralhttps://www.accountancyage.com/2023/06/16/government-execution-of-mtd-out-of-control-as-costs-spiral/Get in TouchThanks for listening and for the great reviews! We appreciate you! Follow and tweet @BlakeTOliver and @DavidLeary. Find us on Facebook and, if you like what you hear, please do us a favor and write a review on iTunes, or Podchaser. Interested in sponsoring the Cloud Accounting Podcast? For details, read the prospectus, and NOW, you can see our smiling faces on Instagram! You can now call us and leave a voicemail, maybe we'll play it on the show. DIAL (202) 695-1040Need Accounting Conference Info? Check out our new website - accountingconferences.comLimited edition shirts, stickers, and other necessitiesTeePublic Store: http://cloudacctpod.link/merchSubscribe Apple Podcasts: http://cloudacctpod.link/ApplePodcasts Podchaser: http://cloudacctpod.link/podchaser Spotify: http://cloudacctpod.link/Spotify Stitcher: http://cloudacctpod.link/Stitcher Overcast: http://cloudacctpod.link/Overcast YouTube: https://www.youtube.com/c/CloudAccountingPodcast ClassifiedsClient Hub - https://clienthub.app/Future Firm Accelerate - https://futurefirmaccelerate.com/capUncat - https://www.uncat.com/Nett Tracker - https://www.nett-tracker.com/FinDaily - https://findaily.io/ Benchmark Growth - https://marketingforaccountingfirms.com/mastermind/ Forwardly - https://www.forwardly.com/Want to get the word out about your newsletter, webinar, party, Facebook group, podcast, e-book, job posting, or that fancy Excel macro you just created? Why not let the listeners of The Cloud Accounting Podcast know by running a classified ad? Hit the link below to get more info.Go here to create your classified ad: https://cloudacctpod.link/RunClassifiedAd The full transcript for this episode is available by clicking on the Transcript tab at the top of this page

This week's podcast picks through the bones of the blistering NAO report on Making Tax Digital in the company of Richard Wild from the CIOT and Andrew Burman from global tech firm Ryan. The panellists discuss the criticisms levelled against the tax transformation project and examine what can be done to get it back on the rails.

Presented by leading small-business and tax content expert Mark Williams, the brand new Tax Tea Break with GoSimpleTax podcast series is packed with FREE tax tips for sole traders, private landlords and expat Brits.In this, the sixth and final episode of our first series, Govinder Saimbhi of UK tax authority HMRC provides essential information about key government initiative Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) and explains how it could affect you if you're a sole trader or UK landlord. Topics discussed include:● Why MTD for ITSA is being introduced by HMRC. ● When it will be introduced and who it will affect first.● How MTD for ITSA will change tax data recording and reporting requirements for many sole traders and UK landlords.● How you may be able to claim exemption from MTD for ITSA.● Where you can find out more about MTD for ITSA.

The average house price in the UK fell for the fourth month in a row in December as prices plummeted by 1.5% compared to November - the average house price is now £281,272, according to Halifax. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  December's decline was not as high the 2.4% drop in November. Annually, house prices grew by just 2% compared with December 2021 - down from 4.6% annual increase recorded in November – and the slowest rise since October 2019 when prices were going up by 1.1%. Mortgage approvals unsurprisingly declined to their lowest level in two years as interest rate rises deterred buyers, new Bank of England figures find. Mortgage approval lending slumped to just 46,000 in November, down from under 58,000 in October, the BOE reports. Home-buyers and buy-to-let investors were put off by a massive rise in mortgage interest rates following a succession of base rate hikes designed to curb soaring inflation. Rates have gone up nine times since December 2021 to 3.5%, the highest level in 14 years.  The average 5-year fixed rate mortgage rate recently reached just under 6% hitting 100,000 per month with higher payments of up to three times their previously deal. Economists and experts have predicted that already depressed house prices could further fall by up anything from 10% to 20% in 2023. Bank of England figures also reveal that people are borrowing more on credit cards - up by £1.2bn - as cost of living pressures continue to hammer household and business budgets. Despite higher rates, householders increased mortgage borrowing against their homes by an additional £4.4bn in November. UPDATE ON MTD Good news for business. Making Tax Digital and quarterly reporting bureaucracy changes for self-employed will be postponed for two years until 2026, HMRC has announced. See also: See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going? Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg Toronto Property Market Explained By Luc Lising One Of Canada's Top Realtors  - Watch full video interview - https://youtu.be/lldv5gL1GaQ What Are You Doing Today To Make Your Life Better Tomorrow?  Watch video version on my YouTube channel - https://youtu.be/G8_SKQgGisI The UK Prime Minister Rishi Sunak wants to force children to study mathematics until 18, but they should be teaching them about finance, mortgages, investing and pensions.  For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.  #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian The Bank of England has increased rates nine times since December 2021 to try to dampen the rate of price rises, also known as inflation. Interest rates are currently 3.5%, the highest level in 14 years.This show was brought to you by Progressive Media

Megan Eighteen, Business Development Manager at Haslams, and Robert Bolwell, Senior Partner at Dutton Gregory, joined Goodlord's CEO, William Reeve, for this latest episode of the Newsagent podcast - a recording of the webinar: "What can agents do about unsustainable pressure in the private rental sector?" The three speakers share their insights and expertise on a range of topics, including the Renters' Reform Bill and Making Tax Digital, as well as sharing some advice on how to overcome some of the current market challenges. If you're interested in the topics raised in this podcast, here are some extra resources:Open letter: Unsustainable pressures on the Private Rented SectorYour guide to the Renters' Reform Bill proposals announced in the A Fairer Private Rented Sector white paperMaking Tax Digital: Preparing your agency and your landlordsGoodlord Rental IndexHead to Newsagent to subscribe to the mailing list for all the latest news, views, and data from the lettings industry. Hosted on Acast. See acast.com/privacy for more information.

What do Rob & Rob think of the current state of the market? Find out now.  (1.10) - House prices  (5.20) - What's next for house prices?  (7.00) - Recession?  (9.00) - Mortgages  (10.00) - Rents  (12.45) - Scotland  (16.30) - Politics  (18.30) - Hub Extra  Links mentioned:  House prices  Prices falling  Government to help homeowners  Housing stock  Recession chatter  Mortgage rates dropping  Rents on the up  Hometrack rental predictions  Scotland increases land transactions tax surcharge  Making Tax Digital delayed again  2022 hotspots performing well  2022 hotspots YouTube video  Scotland rent freeze YouTube video  David Goggins shorts  David Goggins Property Podcast episode  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  See omnystudio.com/listener for privacy information.

The average house price in the UK fell for the fourth month in a row in December as prices plummeted by 1.5% compared to November - the average house price is now £281,272, according to Halifax. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. December's decline was not as high the 2.4% drop in November. Annually, house prices grew by just 2% compared with December 2021 - down from 4.6% annual increase recorded in November – and the slowest rise since October 2019 when prices were going up by 1.1%. See YouTube video on Charles Kelly Money Tips Podcast - https://youtu.be/BeGsYCvuLL8 Mortgage approvals unsurprisingly declined to their lowest level in two years as interest rate rises deterred buyers, new Bank of England figures find. Mortgage approval lending slumped to just 46,000 in November, down from under 58,000 in October, the BOE reports. Home-buyers and buy-to-let investors were put off by a massive rise in mortgage interest rates following a succession of base rate hikes designed to curb soaring inflation. Rates have gone up nine times since December 2021 to 3.5%, the highest level in 14 years. The average 5-year fixed rate mortgage rate recently reached just under 6% hitting 100,000 per month with higher payments of up to three times their previously deal. Economists and experts have predicted that already depressed house prices could further fall by up anything from 10% to 20% in 2023. Bank of England figures also reveal that people are borrowing more on credit cards - up by £1.2bn - as cost of living pressures continue to hammer household and business budgets. Despite higher rates, householders increased mortgage borrowing against their homes by an additional £4.4bn in November. UPDATE ON MTD Good news for business. Making Tax Digital and quarterly reporting bureaucracy changes for self-employed will be postponed for two years until 2026, HMRC has announced. See also: See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going? Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg Toronto Property Market Explained By Luc Lising One Of Canada's Top Realtors - Watch full video interview - https://youtu.be/lldv5gL1GaQ What Are You Doing Today To Make Your Life Better Tomorrow? Watch video version on my YouTube channel - https://youtu.be/G8_SKQgGisI The UK Prime Minister Rishi Sunak wants to force children to study mathematics until 18, but they should be teaching them about finance, mortgages, investing and pensions. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian #MTD #HMRX #Tax

The average house price in the UK fell for the fourth month in a row in December as prices plummeted by 1.5% compared to November - the average house price is now £281,272, according to Halifax. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. December's decline was not as high the 2.4% drop in November. Annually, house prices grew by just 2% compared with December 2021 - down from 4.6% annual increase recorded in November – and the slowest rise since October 2019 when prices were going up by 1.1%. See YouTube video on Charles Kelly Money Tips Podcast - https://youtu.be/BeGsYCvuLL8 Mortgage approvals unsurprisingly declined to their lowest level in two years as interest rate rises deterred buyers, new Bank of England figures find. Mortgage approval lending slumped to just 46,000 in November, down from under 58,000 in October, the BOE reports. Home-buyers and buy-to-let investors were put off by a massive rise in mortgage interest rates following a succession of base rate hikes designed to curb soaring inflation. Rates have gone up nine times since December 2021 to 3.5%, the highest level in 14 years. The average 5-year fixed rate mortgage rate recently reached just under 6% hitting 100,000 per month with higher payments of up to three times their previously deal. Economists and experts have predicted that already depressed house prices could further fall by up anything from 10% to 20% in 2023. Bank of England figures also reveal that people are borrowing more on credit cards - up by £1.2bn - as cost of living pressures continue to hammer household and business budgets. Despite higher rates, householders increased mortgage borrowing against their homes by an additional £4.4bn in November. UPDATE ON MTD Good news for business. Making Tax Digital and quarterly reporting bureaucracy changes for self-employed will be postponed for two years until 2026, HMRC has announced. See also: See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going? Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg Toronto Property Market Explained By Luc Lising One Of Canada's Top Realtors - Watch full video interview - https://youtu.be/lldv5gL1GaQ What Are You Doing Today To Make Your Life Better Tomorrow? Watch video version on my YouTube channel - https://youtu.be/G8_SKQgGisI The UK Prime Minister Rishi Sunak wants to force children to study mathematics until 18, but they should be teaching them about finance, mortgages, investing and pensions. For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr. #property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian #MTD #HMRX #Tax

Making Tax Digital Rules Will KILL Buy-to-Let Property Market For Small Landlords Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr New HMRC Making Tax Digital Rules (MTD) will make life MUCH harder and more costly for small buy-to-let landlords, adding further red tape to the misery of increased legislation and higher interest rates. Watch video versionat my YouTube channel - https://youtu.be/mYhJSCbOGLE Interview with Tax Consultant James Cannaford of Hawthorne Tax Consultancy who covers: · How MTD will ne a nightmare for smaller landlords, not companies and partnerships. · How Jeremy Hunt's Autumn budget statement will affect buy-to-let landlords. · Increased legislation and higher commercial interest rates. · Capital Gains Tax changes. · Corporation Tax changes. · AIRBNB HMRC deal. To reach James Cannaford Website: www.hawthorneconsultancy.com Email: info@hawthorneconsultancy.com Phone: 01442 97 44 99 LinkedIn: https://uk.linkedin.com/in/james-cannaford-621527195 Get your own finances in order and learn how to manage your money and increase your wealth. Check out my new training to help you get control of your finances in 28 days! Click to join: https://bit.ly/3isugCr #tax #property #capitalgainstax #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #propertyinvestment #makingtaxdigital

It's the "UK Matters in Accounting" show, every Thursday to 150 countries and 30,000 accounting practitioners, fintech specialists and influencers in the accountancy, CPA and bookkeeping space.In today's episode 21, "Latest Research via ABAB on MTD for UK Accountants" with special guestSteve Cox, Head of Market Insights at IRIS Software Group https://www.linkedin.com/in/stevenchristophercox/The Administrative Burdens Advisory Board (ABAB) recently released their annual review, with a focus on Making Tax Digital. Hear Steve Cox share some of their MTD findings for UK accounting firms and businesses. You'll get fascinating stats around MTD awareness, experience and cost/time savings. Download the full report if needed here: https://www.gov.uk/government/groups/administrative-burden-advisory-boardYou can also watch this on youtube here: https://youtu.be/I6HdA0Vw6ZA◣━━━━━━━━━━━━━━━━━━━━◢5 great shows in the Accounting Influencers Podcast Network:❶ Success in Accounting - MONDAYS. Our flagship main show features panels, live interviews and replays of our most popular shows.❷ Insights in Accounting - TUESDAYS. The best news, analysis, commercial awareness, news under microscope, podcast mentions and recommendations.❸ Influencers in Accounting - WEDNESDAYS. Deep dive 1-1 interviews with leaders, experts, influencers from around the world.❹ Best Practice in Accounting - THURSDAYS. Practice development, growth, management, consulting, examples, stories and practical here's what works stuff for accountants, bookkeepers and the fintech/software people who serve them.❺ UK Matters in Accounting - FRIDAYS. A UK focused show featuring UK related topics, news items, events and interviews.All on your preferred podcast app, platform or channel. Thanks for subscribing, sharing and listening!Main show website. For access to every single show with full shownotes: https://accountinginfluencers.com/podcastFor announcements of published shows, tagging guest so you can build your network and offer feedback on the show: https://www.linkedin.com/company/accountinginfluencersFor videos of all podcast interviews and bonus video content: https://bit.ly/AI-youtubehttps://www.instagram.com/accinfluencershttps://twitter.com/accinfluencershttps://www.facebook.com/accountinginfluencer

Manoj Varsani MBE joined me on the podcast this week to talk about: Using tech for good, including establishing SOS Supplies to provide £5m worth of PPE to those in need through Covid Making Tax Digital - what landlords need to know about upcoming changes to reporting requirements, and why automated financial management makes sense in the context of the upcoming 5 x annual deadlines Using software to make property compliance easier, including budgeting for energy performance upgrades to comply with Minimum Energy Efficiency Standards Guest website: https://www.usehammock.com/ Guest LinkedIn: https://www.linkedin.com/in/manojvarsani/ Sponsor website: immo.capital Sponsor LinkedIn: https://www.linkedin.com/company/immoinvesttech/ Host LinkedIn: https://www.linkedin.com/in/annaclareharper/ Host website: annaclareharper.com

Robert Bolwell, Senior partner at Dutton Gregory joins Goodlord's CEO, William Reeve, to discuss how your agency can prepare for what's changing under the Making Tax Digital initiative.A key part of the government's plans to make it easier for individuals and businesses to manage their tax obligations, Robert and William share their expertise on how you can help your landlords prepare as well as what your agency needs to do to stay compliant.If you'd prefer to watch the webinar and earn your CPD credits, you can catch this on-demand on Newsagent.Plus, if you're interested in the topics raised in this podcast, here are some extra resources:➡️ Making Tax Digital: Preparing your agency and landlords➡️ Your guide to how tax is changing for short-term lets and second homes in England➡️ Your guide to the proposals to simplify income tax for residential landlordsHead to Newsagent to subscribe to the mailing list for all the latest news, views, and data from the lettings industry. Hosted on Acast. See acast.com/privacy for more information.

Wondering if you NEED VAT receipts? In this episode Dan gives some practical tips and tricks about VAT receipts. He chats about records, VAT, limited companies, sole traders, HMRC inspections, Making Tax Digital…. all this and more on today's HeelanHub! www.heelanassociates.co.uk/podcast - the show for UK small business owners. info@heelanassociates.co.uk 02392 240040

In this episode, Emma Pottinger, the practice director at RBP, is joined by Stuart Miller, the head of product compliance and industry engagement at Xero. They will be discussing the next phase of the radical changes to the UK tax system, Making Tax Digital for Income Tax Self Assessment (MTD ITSA). This new legislation will apply to individuals from April 2024.If you have any questions relating to any of the topics discussed today, please do not hesitate to contact Emma Pottinger on 020 8370 7724, or email emma@rbp.co.uk.RBP are one of the leading medical specialist firms of chartered accountants in the UK. They have over 30 years' experience in the medical field and they will be sharing their broad and experienced knowledge through their fortnightly Accountancy on Prescription podcasts.Listeners who will be interested in subscribing to these informative and relevant shows are doctors in general practice, locum doctors, hospital consultants, practice managers and PCNs. For more information please visit RBP or RBP Cloud Accounting's website at www.rbp.co.uk or www.rbpcloud.co.uk. Alternatively, you can email info@rbp.co.uk, or call 020 8370 7777. We are always here to help. The content of RBP's podcasts has been obtained from, or is based on, sources that we believe to be accurate and reliable. Although reasonable care has been taken in gathering the necessary information, we cannot guarantee the accuracy or completeness of any information we broadcast in our shows. We accept no liability for any errors or omissions in information provided by the RBP team or their guest speakers. You should always carry out your own independent verification of facts and data prior to making any investment, legal or tax decisions.

5+ Tax returns a year for the self-employed is coming! In this episode Dan gives you an overview of the new 'Making Tax Digital' for income tax/self-assessment system. Massive changes incoming. He chats about why you might need to do more the 5 tax returns a year, digital record keeping, software…. all this and more on today's HeelanHub! www.heelanassociates.co.uk/podcast - the show for UK small business owners.

Making Tax Digital will impact many businesses very soon Lucy has all the details.

The co-founder of Future Cloud has reached new clients and even made strides towards solving the recruitment crisis through social media. Known for her ‘just post it' style, Francesca records open and truthful videos about the highs and lows of running an accountancy practice. As a relatively new firm, the videos have helped Future Cloud to differentiate itself, gain clients and establish its brand. The success of these videos support the trend that marketing is back in vogue that we've seen emerge from the Accounting Excellence Awards Francesca and the AccountingWEB team also round up all the latest news from the past week in the world of accountancy, including a rare break from diplomacy from a group of tax bodies who publicly raised concerns about poor HMRC service levels, and we'll also get the latest from AccountingWEB's insight research - this week on Practice management software - and it wouldn't be No Accounting for Taste if we didn't also check in on the latest news and reaction on Making Tax Digital. Show notes Software insights: New practice software fashions Tax bodies raise concerns over HMRC service levels MTD ITSA: get the basics right Follow Francesca on Linkedin

Given the blizzard of other priorities faced by the profession in recent years, workflow hasn't always been the most burning topic for accountants in practice. However, a host of factors are combining to push it up practice agendas, including (you guessed it) the UK government's Making Tax Digital drive requiring multiple client checkpoints each year. Other, more subtle, factors include the creeping commoditisation of lower-end compliance work, new rules around anti-money laundering and the increasing digitisation of accountants' client base. But how should practice owners and managers approach the task of re-engineering their practice workflow? And what tools are out there to help? To discuss the Christmas past, present and future of practice workflow, AccountingWEB technology editor Tom Herbert was joined by Aaron Patrick, head of accounting at Boffix, and AccountingWEB editor at large John Stokdyk. To listen to the full No Accounting for Tech podcast, click play or subscribe to the podcast on your player of choice by searching for AccountingWEB. We'll be back with a regular No Accounting for Taste episode next week. In the meantime, if you're feeling generous you can help us reach more people by giving us a five-star rating on Apple Podcast, Spotify or wherever you get your podcasts. This podcast was written and hosted by Tom Herbert and edited by Will Cole.

It's Tuesday and that means Rob & Rob are back answering your questions!  First up is Ash. She's a huge fan of the podcast and especially looks forward to the Market Updates. So, it's no surprise that she's noticed the economic warnings that a recession is likely in the UK this year.   Indeed, just yesterday leading economist Dr Gerard Lyons told the BBC: “A recession is likely in the UK and, I think, a recession is likely across Western Europe.” Which is pretty direct, especially for an economist.  So, Ash wants to know, what will a recession mean for property prices? Is now a bad time to buy if there is going to be a downturn? A great question, and one Rob D is especially well placed to answer, having just finished a book on how money actually works.  Next up is Pete, who controversially doesn't have a question, but instead has opted to issue a warning! We'll let Pete off this rebellious change to our format because he has an important warning about new tax rules that will affect almost all landlords.  Even though it's not strictly a question, Rob & Rob still have some helpful advice on how to prepare for the tax changes so that you're not caught out.  Tune in to find out.  Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).   Or if you prefer, click here to leave a recording via your computer instead.  The next question on Ask Rob & Rob could be yours.   Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself.  And if you'd like to find out more information about Portfolio you can do that here.  See omnystudio.com/listener for privacy information.

You may have heard of the new system, but you are still not sure exactly what it is. It is a government initiative aimed at making tax administration more effective, efficient, and simple.. Further information can be found at https://www.alexander-ene.co.uk/. (https://www.alexander-ene.co.uk/.)

Stuart and Simon are chatting about a few landlord favourites this week - tax, mortgages and EPCs! The chat this week includes: * Making Tax Digital (MTD) pilot (https://docs.patma.co.uk/manager/features/making-tax-digital/). * Making Tax Digital will make life easier in the long wrong, but change can be difficult. * Mortgage issues threatening to collapse chains. * Last minute mortgage withdrawal stories. * Bank restrictions due to building/area exposure limits. * Landlord EPC course from Sue Bryer (https://suebryerlandlordtaxtraining.com/). * Key discoveries from a day talking about EPCs! * To improve your EPC: insulate, improve the heating system, install PV (or similar). * Find us on Twitter (https://twitter.com/BizOfProperty) or LinkedIn: Stuart (https://www.linkedin.com/in/stuartlordan/), Simon (https://www.linkedin.com/in/simonpither/). Please leave us a rating and review if you're enjoying the show. This podcast is produced in association with PaTMa (https://www.patma.co.uk/), the leading application for self managing landlords who want to save time and stay compliant. Easily track properties, tenancies, tenants, repairs, rent, mortgage payments and safety certificates. Get your FREE account today (https://www.patma.co.uk/).

Nothing we can write here will do this two-part episode justice. Not only does Carl Reader subvert all the usual myths and clichés of being an entrepreneur, he tells small businesses how to crack tax fear and get to grips with Making Tax Digital. 

In the depths of postnatal depression Samantha Senior found herself 'scouring the internet to change how she looked'.  Unexpectedly, her research led her not to botox, but an entrepreneurial lightbulb moment that injected the passion back into her life.

In this episode, Rob sits down once again to talk with Sean Billington – The Property Tax Accountant. Sean is a qualified chartered accountant who has 20+ years of experience. He specialises in providing advice to all kinds of landlords. Including, HMO, Buy to Let, serviced accommodation, and more. His is a digital business, Sean splits his time between the UK and the Caribbean while advising people from across the world and running his property portfolio. Today, he and Rob, focus on running an investment property portfolio while travelling or living abroad. The subjects they cover include choosing the right strategy, managing time-zone differences, tax implications, solving funding challenges, and remote landlord technology. KEY TAKEAWAYS Being clear about what you want to get out of property investing will help you to choose the right property investment strategy. Long-term simple tenant agreements are ideal for remote managing. Think about the tax implications of being abroad for long periods. Some of which are discussed in the podcast. If you are abroad long enough you can end up as a non-resident taxpayer meaning lenders will treat you as an Expat, which creates challenges. For remote buyers, comprehensive surveys are invaluable. Have someone trusted on the ground to liaise and carry out certain high trust tasks. Tap into the power of technology. In the podcast, Sean shares some apps and systems he uses.   BEST MOMENTS ‘Choose the right strategy for your circumstances.' ‘Lenders will typically see those individuals (non-resident taxpayers) as higher risk.' ‘Go with an agent that does lettings only.' ‘Making Tax Digital is coming down the line in a couple of years.' ABOUT THE HOST  Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom? Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon. Buckle up, sit tight, and enjoy the ride that is life.   EPISODE RESOURCES Sean The Property Accountant Instagram: https://www.instagram.com/property_tax_accountant_uk/ Website: https://propertytaxaccountant.uk Hammock: https://www.usehammock.com/ QuickBooks Online: https://quickbooks.intuit.com/online/   BOOKS  Buy To Let: How to Get Started = https://amzn.to/3genjle   101 Top Property Tips = https://amzn.to/2NxuAQL    WEBSITE www.tpnpodcast.com    SHOP   www.tpnpodcast.com/shop    SOCIAL MEDIA   Instagram - https://www.instagram.com/thepropertynomadspodcast/   Facebook - https://www.facebook.com/ThePropertyNomadsPodcast   YouTube - https://www.youtube.com/channel/UCejNnh8OEUXSrdgFDFraWxg   PODCAST   The Property Nomads Podcast:   I-Tunes = apple.co/3bHNn5G   Stitcher = bit.ly/3cFQVqe Spotify = spoti.fi/2XaZliP  See omnystudio.com/listener for privacy information.

Episode 42. In today's news episode, we discuss "What 2022 Has In Store for the Accounting Profession." Martin Bissett cites Paul Aplin of Accounting Web talking about key drivers and challenges for accountants this year. Key takeaways from this episode include: ➯ reinforcing that accountancy is a profession, not an industry ➯ MTD or Making Tax Digital - what will happen for accounting professionals with tax reform this year, with international implications ➯ "I've Had Enough" - the great resignation and whether it's time for some accountants to quit or stay in the game ➯ the number one thing that grates most on accounting people which turns them off the work they do ➯ the call for judgement skills in accountants and CPAs who are working remotely vz working alongside more experienced colleagues ➯ the 'day of the bookkeeper' and why bookkeeping will increase in importance and relevance ➯ the difference in role of UK vz US bookkeepers when serving business owners ➯ how governments are 'cracking down' on fraudulent claims in research and development or R&D ➯ what the number one focus should be for accountants and CPAs in the coming year and beyond ➯ what current and upcoming changes in regulation, digitalisation and globalisation means for accountancy professionals Source: https://www.accountingweb.co.uk/practice/general-practice/what-does-2022-have-in-store-for-the-profession NOTE TO LISTENERS: The Accounting Influencers Podcast is a CPE-accredited daily radio-style show with four segments coming out every Monday which are repeated on the other 4 weekdays as standalone episodes, plus a bonus 'from the client's perspective' episode on Saturdays. On Sundays, listeners get a short min trailer for the coming week's episodes. Every Tuesday the show gives you a relevant news topic from the accounting and fintech world with a direct application to accountants, CPAs and bookkeepers. Great to stay informed and build your commercial acumen. Every Wednesday and Friday, we feature an uncut interview with top authors, leaders, thinkers and performers in the accounting and fintech world. Every Thursday the show gives you a practical 'here's what works' tips concerning a key challenge, need or strategy for accountants, CPAs and bookkeepers. Great to stay current and keep your skills topped up. Finally, every Saturday gives listeners a bonus episode which focuses on the buyers of accounting services - the clients themselves. In particular how they feel, react to and experience their interactions with accountants. That includes why they buy or don't buy, why they move or stay and why they think how they think about you, your firm, your prices and your offerings. Martin and Rob love to hear from the show's 20,000 unique listeners in 144 countries around the world. If you like the show, leave a review wherever you listen, and please recommend the show to your friends and colleagues.

In this episode of The Bookkeepers' Podcast, Jo Wood & Zoe Whitman were joined by Chris Downing of Sage to discuss the delay of MTD. They discussed: - The background of MTD for ITSA. Making Tax Digital for Income Tax and Self Assessment was due to come into play in April 2023 but has been deferred until April 2024. It affects unincorporated businesses and landlords who will need to report a business updated to HMRC quarterly and keep digital records, generating an estimated tax liability. They will then produce and end of year statement. In April 2025 general partnerships will also be brought into the scheme. - The number of businesses who will be affected: 3.5 million will be affected in April 2024 and another 0.5 million in April 2025. - How MTD will help small businesses to have a better view of business performance - The general sense within the profession of the delay to MTD - How to plan to implement MTD - How MTD for ITSA is an opportunity to press the reset button for every practice. Connect with Jo and Zoe in The 6 Figure Bookkeepers' Club at 6figurebookkeeper.club

Episode 27. In today's news episode, the Accounting Influencers Podcast reviews the big UK government u-turn on making tax digital and whether tax authorities have too much power in accountancy. Key shownotes include: ➯ The comical government u-turn on making tax digital or MTD ➯ How even HMRC officials didn't know the 12 month deferral would be happening ➯ The wasted time accountants and firms have spent on becoming MTD ready ➯ What time wasted on MTD could better have been spent on for accounting firms ➯ Implications of MTD for countries out side the UK given this is a worldwide initiative ➯ The impact for accountancy practices of having to chase legislation instead of growing their firms ➯ The critical decision accounting practitioners need to make as a result of government intervention ➯ How MTD affects the wider accounting and fintech ecosystem with vendors and clients ➯ How MTD has driven accountancy firms down a compliance vz advisory route for many years ➯ Proof of how MTD occupies accountants as judged by the popularity of tax legislation related seminars ➯ How to share your views with us on this topic by going to https://sayhi.chat/aip (sayhi.chat/aip) NOTE TO LISTENERS: Martin and Rob love to hear from the show's 5000+ listeners in 138 countries around the world. If you have any questions, suggestions, comments or success stories, just type https://sayhi.chat/aip (sayhi.chat/aip )into your browser and leave us a quick and easy voice message. We may just feature you on the show!

Episode 22. In today's news episode, the Accounting Influencers Podcast reviews a real live accounting fintech event as big face to face gatherings return for accountants and software vendors. Key shownotes from the whole interview include: ➨ Initial impressions on walking into Accountex North Live, one of the UK's biggest accounting and fintech events ➨ How allowing more space for social distancing makes events seem less busy ➨ Two notable absentees in the software vendor space and why they might have chosen not to exhibit ➨ Which topics and seminars accounting practitioners attended most, and why this is not good ➨ The massive UK government turnaround on the Making Tax Digital initiative, now deferred for 12 months ➨ Which vital topics were not valued nor well attended by most short sighted accounting practitioners ➨ The need for accountants and CPAs to get closer to their clients as we head into post-Covid recovery ➨ Why this event signals a return (not a rush) to 'in person' events across the UK and other countries ➨ A signpost to Europe's biggest agnostic accounting and fintech event in London 2022 - Accountex ➨ Shout out to the Digital Accounting Forum, Accounting Web Live and Digital Accounting Show events NOTE TO LISTENERS: Martin and Rob love to hear from the show's 5000+ listeners in 136 countries around the world. If you have any questions, suggestions, comments or success stories, just type https://sayhi.chat/aip (sayhi.chat/aip) into your browser and leave us a quick and easy voice message. We may just feature you on the show!

Episode 17. On today's episode of the Accounting Influencers Podcast, Martin & Rob discuss "How Making Tax Digital Affects Accountants & Businesses Globally." Key shownotes from the whole interview include: ➜ How the MTD initiative has taken over accounting firms in the UK ➜ The role of governments in collecting taxes in a more direct way from businesses ➜ How MTD and similar tax initiatives create compliance opportunities for accounting firms ➜ Less than 5% of companies are not set up for digital tax payments ➜ If accountants are not making their clients ready for MTD or its equivalent, then their competitors will ➜ Why MTD is the direction of travel for countries globally, and why accounting firms must be ready ➜ The implications for accounting firms who do not push the digital tax agenda with their clients ➜ How the speed of change is affecting businesses and the accountants who serve them ➜ Why the UK is the test case for many countries in forcing more frequent digital tax collection NOTE TO LISTENERS: Martin and Rob love to hear from the show's 5000+ listeners in 136 countries around the world. If you have any questions, suggestions, comments or success stories, just type https://sayhi.chat/aip (sayhi.chat/aip) into your browser and leave us a quick and easy voice message. We may just feature you on the show!

Joanna is an experienced Director General at HMRC. Joanna was also Programme Director for the Making Tax Digital project.  We discuss how HMRC managed to navigate the rapid changes required in response to the COVID pandemic. We discover how, against a backdrop of highly pressurised circumstances, HMRC successfully managed and responded to the many challenges they faced. From CJRS and changing furlough guidance to rapid testing and national legislation rollouts!