It is my understanding that Xero requires a transaction to be "reconciled" before a voucher can be attached. This would mean that the transaction would need to be understood first. It would make more ...

As I understand it you get 1 penalty point for each late submission and once you hit 4 points you get a £200 fine. So no one would get a fine in Year One ...

Have you ever reviewed your year-end numbers and realised that, despite a full pipeline of work and a team stretched across ...

The most common thread running through every firm’s growth journey is that they’ve learned lessons along the way. It comes ...

It's not going to be a problem, because HMRC have, contrary to the law, fixed it so that you cannot make a calendar quarters election unless your period of accounts (what they erroneously call your ...

Lycamobile UK Ltd (LMUK) supplies telecommunications services via other mobile operators' networks, including through ...

For many years, AccountingWEB has been covering the transition of firms moving from focusing mainly on compliance to offering ...

A client's wife contacted me as HMRC keep changing her tax code re. estimated tax on interest received. She called HMRC and the call handler told her she ...

Whether you’ve welcomed the rise of the machines with open arms, unplugged the wi-fi and barricaded the door to prevent it ...

You wouldn’t use a calculator from 1985 to manage a 2026 global supply chain—so why are you still trusting £10m in lease liabilities to a manual ...

This year I submitted micro-entity accounts via the Web Filing service. Unfortuantely it seems that Web Filing only keeps the iXBRL file for 10 days.

A business trading in metal futures that used an unsuccessful tax avoidance scheme has had penalties of £1.5m for ‘careless’ ...