Your Breakthrough Move To Making Tax Digital

Making Tax Digital (MTD) is one of the biggest shake ups since the introduction of Self-Assessment in the 1990s in terms of how businesses MUST interact with HMRC.

In a nutshell MTD mandates that businesses will HAVE to use some form of compatible, functional, DIGITAL tool to SUBMIT financial information TO HMRC on a regular basis.

In Just 7 Days we will all be in a new tax year and ‘Oh My God’ I read recently that apparently less than 10% of companies in the North West are MTD ready.

I’ll get right to the point. First to be impacted are VAT registered businesses that have turnover ABOVE the VAT registration threshold currently of £85,000 and commences for VAT periods starting on or after 1 April 2019.

So unless you already really know what you are doing with your VAT returns and are most definitely using accounting software which is MTD ready and fired up, YOU Need a Breakthrough Move to get your business ready for a pain free way of getting your VAT returns immediately MTD compliant and here’s the quick and easy way to do just that:

1  Call Us Now on 0161 703 8353 and ask for Andrea Parr or Charles Lucas or

2  Email Us Now on hello@jeffreyahuddart.co.uk

As soon as we hear from you can expect us to advise you on how you can get ready, what accounting software is MTD ready, and how we can help make it all happen.

PS: don’t risk being late with your VAT returns this new tax year

Tom Bathgate MBA

SumUP – we can now accept credit card payments

I’m pleased to announce that following a number of requests from clients we are now able (at our office) to accept credit card payments should clients wish to pay this way.

Below is a picture of the card machine we are using:

SumUp are a leading mobile point-of-sale (mPOS) company in Europe. They say this about themselves on their website:

“We started out 6 years ago and built our payment service from scratch to shake up the industry and wake up the entrepreneur within anyone. We created a unique device that with the smartphone that’s in your pocket, allows small merchants to accept card payments anywhere.

Whether our merchants are brewing coffee or fixing cars, we want to make technology that anyone can use – so our merchants can get on with what they do best. From our paperless onboarding to taking the first payment, we make it easy. Traditional offerings leave out small businesses, we don’t. We are open and honest about our pricing and have no hidden fees.

Launched in August 2012, our company enjoys impressive global reach and has since expanded into 31 countries, including Germany, the U.S. and Brazil. SumUp continues to grow and is backed by American Express, BBVA, Groupon, Holtzbrinck Ventures and other renowned venture capital investors.

Today, hundreds of thousands of small businesses around the world rely on SumUp to get paid. Beyond our original hardware, mobile and web apps, we have gone on to develop a suite of APIs and SDKs for integrating SumUp payment into other apps and services.”

If you are thinking about possibly using one for your business then some Key points to be aware of are:

No fixed costs

Only pay 1.69% per transaction. Payouts go directly into your bank account.

Accept all debit & credit cards

Connects via Bluetooth. Compatible with iOS / Android smartphones and tablets.

Signup in 5 minutes

100% online. No fixed contract. No paperwork.

Check out their website by clicking on the link below:

https://sumup.co.uk/

Tom Bathgate MBA
Broadthunder Accounting Limited

We are officially ready for Making Tax Digital with Xero Accounting Software!

We are officially ready for Making Tax Digital with Xero.  HMRC is Making Tax Digital from April 2019 and we are ready.  Want to know how we can help you prepare for HMRC’s new VAT rules? Just ask. Get in touch via the contact page of phone us and ask for Andrea Parr.

Phone: 0161 703 8353

Email: andrea.parr@jeffreyahuddart.co.uk

 

 

Tom Bathgate MBA
For and on behalf of Broadthunder Accounting Limited

VACANCY FOR AN ACCOUNTANCY APPRENTICESHIP (August/September 2019)

We are looking to recruit a new accountancy apprentice later this year.  Probably in August or September 2019.

What is an apprenticeship?

Apprenticeships combine on-the-job work experience with study.  You cannot have one without the other.  Both on the job training and AAT studies are integral to the apprenticeship on offer.  You are paid to work and study.

Do you have to be a certain age?

If you are 16 years of age or over and not in full time education and are looking for a career challenge, this may be for you.  Apprenticeships have no upper age limit and you would be employed to work a 35 hour week in accountancy related roles whilst studying for your AAT qualification.  You would be required to attend college one day per week as well as dedicate personal study time outside of both work and college in order to pass your exams.

What qualifications do you need?

Entry requirements for an apprenticeship can include at least 5 GCSE’s grades A-C (9-4 on the new grading system) as well as specific employer requirements.

We require an A or B grade in Maths, and A, B or C in English and a range of grades A-C in other GCSE’s.

What is the pay like and do you get holidays?

You must be living in the region where you are applying for an apprenticeship and you will your rate of pay will depend on your age and stage as set out in the table below published on the Government website:

Current rates of pay

The rates set out in the table below are for the National Living Wage and the National Minimum Wage and are set by the government. The rates change every April.

Year 25 and over 21 to 24 18 to 20 Under 18 Apprentice
April 2018 (current rate)

£7.83

£7.38

£5.90 £4.20

£3.70

April 2019

£8.21

£7.70 £6.15 £4.35

£3.90

 Apprentices: are entitled to the apprentice rate if they’re either:

  • – aged under 19
  • – aged 19 or over and in the first year of their apprenticeship

Example: An apprentice aged 22 in the first year of their apprenticeship is entitled to a minimum hourly rate of £3.70.

Apprentices are entitled to the minimum wage for their age if they both:

  • – are aged 19 or over
  • – have completed the first year of their apprenticeship

Example: An apprentice aged 22 who has completed the first year of their apprenticeship is entitled to a minimum hourly rate of £7.38.

And yes, you are entitled to at least 20 days holiday per year plus bank holidays.

You will receive a Contract of Employment and once you have signed up with a Training Provider for AAT studies, and registered with AAT as an AAT student, you officially become an apprentice.

AAT Accounting Qualifications are summarised below:

Level 2 Foundation Certificate in Accounting This is entry level accounting and takes between 6-12 months.
Level 3 Advanced Diploma in Accounting This is more complex and takes between 6-12 months.
Level 4 Professional Diploma in Accounting leading to MAAT This is the biggest challenge and can take between 9-18 months.

So, if you are hungry to develop yourself, study hard and work hard, launch a career path which has terrific options and want to gain qualifications, then send me your CV along with a note on why you wish to pursue an accountancy apprenticeship and not plumbing or hairdressing, and how committed you will be to both work and study.

If you are interested and really believe this is for you please email your CV and your pitch to: tom.bathgate@broadthunder.co.uk

 

Tom Bathgate MBA
21st January 2019