With Making Tax Digital for VAT arriving in April 2019, we are holding a free seminar exploring the forthcoming changes and how your business will be affected.

Making Tax Digital (MTD) will see all businesses eventually submitting all of their tax and VAT information to HM Revenue & Customs quarterly using MTD-compliant software. While the start date for the quarterly Income and Corporation Tax reporting is yet to be confirmed, MTD for VAT will kick off in April 2019 for all VAT registered businesses with an annual turnover above the VAT threshold (currently £85,000 per annum). The changes for VAT will mean that submitting VAT returns using HMRC’s website will no longer be possible; all affected businesses will need to submit their VAT returns from MTD-compliant bookkeeping software, such as Xero. To ensure you are prepared for the changes, we are holding a short free seminar next month on two separate dates, at Xero’s Milton Keynes HQ:

Tueday 16 October 2018
9am for coffee
Seminar starts 9.30am

Tuesday 30 October 2018
4pm for coffee
seminar starts 4.30pm

Where:
Xero HQ
Bank House
171 Midsummer Boulevard
Milton Keynes
MK9 1EB

(Pay and display parking is available nearby) Places are limited, so if you’d like to come along, please contact Esme as soon as possible to reserve your place. We look forward to seeing you there. For more information on MTD or Xero, please contact Alex Beattie

With GDPR now live, we want to ensure that all of our clients are made aware of our privacy policy.

As most readers will know only too well, the General Data Protection Regulation (GDPR) went live on 25 May 2018, replacing the Data Protection Act, which has been around since 1998.

There has been a lot of scaremongering due to the threat of significant fines being levied for non-compliance, but essentially GDPR places greater regulation on all businesses that hold personal data, and aims to tighten up practices on how personal data is controlled and kept secure.

In line with the new regulations, we have published our privacy policy, which you can view on our website. Here at KRW, we take the security of your personal data very seriously, and we would therefore encourage all of our contacts to read this so that you get an understanding of how we use your personal data.

Under the guidance provided by The Information Commissioner’s Officer (ICO), KRW Accountants will be deemed a data processor when it comes to a lot of our clients, particularly those who we provide payroll and bookkeeping services to. It is therefore recommended that you share our privacy policy within your own policy, in order to disclose this to those who’s data you control.

For existing clients of KRW Accountants, you will automatically continue to receive these monthly tax bulletins as we have a legitimate interest to keep you up-to-date with the changes in tax legislation.

As KRW continues to grow we have been on the lookout for another administrator to join the team.

We are pleased to introduce Brooke Howard, who joined us last month as an Office Administrator.

Brooke has a fantastic attitude and when we interviewed her we knew she would be a great fit. She will assist Esme with office administration tasks, and will provide phone/reception cover, while also providing some valuable support to our Practice Manager, Sandra.

Outside of the office Brooke has a keen interest in horses and horse riding.