Readers question: I bought some goods which I intended to sell via my company before I actually incorporated. These goods were not bought under the company name but instead under my name. Can I still add this to my accounting tool as the cost of goods?
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vat registered
Most small business owners will have heard of Making Tax Digital (MTD), but what exactly is it and what does it mean for your business? It’s been a hot topic in the world of finance and accounting since the government announced its plans in the spring 2015 budget. There’s no shortage of information and tax advice relating to MTD, and in fact, it can feel like there is an overwhelming amount. For those of us who aren’t financial experts, it can be confusing and hard to understand exactly what the obligations of small business owners will be under the new rules.
The digital age is upon us. HMRC is planning a total digital switchover which is set to be rolled out from April 2019. For some, this isn’t anything new – Making Tax Digital (MTD) has been in the public domain for a good while now.
