Ggm Accountancy Solutions Ltd

With Making Tax Digital for #VAT around the corner we have decided to demystify some of the most common misconceptions surrounding #MTD in our myth-buster infographic below.

#HMRC has decided to delay sending late self-assessment penalty notices due to #Brexit. Which could see some of the 731,186 taxpayers, who missed the deadline, paying additional penalties on top of the initial £100 late fee.

Making Tax Digital for VAT comes into effect on 1st April 2019. HMRC has confirmed companies will be able to use a ‘cut and paste’ approach, instead of digital links, during the one-year soft landing. This is likely to last until at least April 2020. #MTD #VAT

For many, January is a tough month financially especially if you were paid early before Christmas. Don’t make matters worse by missing the self-assessment deadline on the 31st January. Avoid the £100 penalty and make sure you submit your tax return on time. #SATR #SelfAssessment

Time is running out for the 31st January self-assessment tax return deadline. Don’t risk any late fees. Get in touch for any help you may need. #selfassessment #SATR #HMRC

I would just like to give a personal thank you to my girls for the hard work, effort and dedication they have given during 2018.
I would also like to take this opportunity to thank all of our extremely loyal customers for the new and continued business during 2018 and we look forward to working with you in 2019.
We are now closed until the 2nd January and will be resting before the madness of January begins.
... Have a great Christmas and a healthy and happy New Year everyone!
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Christmas is around the corner and the #SelfAssessment deadline is fast approaching. Over 750k people completed their ’18 return on the deadline day and nearly as many missed the deadline. Don’t leave it to the last minute. Make sure you avoid penalties, get in touch for advice.

#HMRC has small businesses under the microscope and are chasing the estimated £33 billion that is missing from the total tax bill. Tax Investigation Insurance is vital to protect your business. Contact us for more information.

#HMRC are not just looking at this year’s tax returns. During a tax investigation, HMRC can look at 6 years’ worth of tax returns if they suspect careless behaviour. Typically the time limit is 4 years if HMRC feel the discrepancy to be innocent. However should HMRC suspect otherwise, or deliberate tax avoidance, they have the power to delve back up to 20 years to find what they are looking for. It is vital you have the correct support during an investigation, contact us today to find out more.

All the changes to Capital Gains Tax in this autumn’s #Budget can be found here: http://bit.ly/CTBudgetCGT #ProtectSupportGrow #Budget2018 #CGT #CapitalGainsTax

Happy birthday Diane 🎂🥂🎈🎁

#HMRC are using sophisticated methods to find the £33bn that is missing from the total tax that should be collected. Meaning increased compliance checks & investigations. Anyone can be investigated a business, director or individual. Get protected with @CronerTaxwise Tax Investigation Service

Failure to take reasonable care is responsible for 18% of the total tax gap. This is seen as a moderate offence and the penalty could be up to 30% of the tax due. It is vital to have the correct support for a #HMRC investigation. Get in touch today. #ProtectSupportGrow

https://threebestrated.co.uk/accountants- in-peterborough

HMRC is chasing down the #VAT gap which is continuing to fall from 12.5% in 2005/2006 to 8.9% in 2016/2017. This is a result of #HMRC sustained efforts to tackle non-compliance. Over 30% of claims made with @CronerTaxwise are VAT related. Make sure you protect your business with our Tax Investigation service. #ProtectSupportGrow

There are tens of thousands of pounds being lost in tax relief by eligible companies every year. This reflects the common misconception that Research and Development (R&D) is confined to manufacturing, tech giants or research laboratories. In reality, businesses are often undertaking #R&D in their day-to-day activity, driving innovation and moving the industry forward without realising. Get in touch to find out more.

Making Tax Digital will start in April ‘19. Businesses above the VAT threshold must provide VAT information to HMRC digitally. HMRC are currently running a private pilot for volunteer #VAT businesses and later this year launching a public pilot.
#HMRC have already began inviting self-employed individuals and agents to join the Making Tax Digital (MTD) pilot for income tax. The aim being that taxpayers will see an estimate of how much tax they owe rather than waiting until the normal due dates. However #MTD for taxes other than VAT will begin ‘not before’ April 2020. Is your business prepared for the upcoming changes?

Hero Award from Sue Ryder.
GGM Skydive on 21st July2018
Gemma & Rachel have received an award. ... This award is from Sue Ryder saying we are one of the highest recent fundraisers.
Gemma & Rachel would like to thank all our Clients, Family & Friends who made this all possible.
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