Baker Accountancy Services

Business Advisors and Accountancy Practice in South Buckinghamshire. Registered with the ICAEW. Established 2011.

[Baker Accountancy Services @BakerAccService]

Great day out at @accountex this week, keeping updated with AI software developments and technical releases.

A super conference with uplifting energy - glad we visited and gained some useful insights to share with you all!

#mtd #accountex26 #accountancy #tax #finance

[Baker Accountancy Services @BakerAccService]

Great to have two of the team attend the @bbfuk NextGen Business Network event this week, developing their networking and presentation skills in a supportive professional environment which was hosted at The Beech House in #Amersham. A good time had by all!

[Baker Accountancy Services @BakerAccService]

It’s lovely to receive notes & gifts of thanks from our clients at this time of year! Especially when we spend a lot of time in December letting clients know what their tax bill is!

Looking forward to some downtime over the next week or two and enjoying these! 🍷🎄

[Baker Accountancy Services @BakerAccService]

An afternoon out with the team for our Anti-Money Laundering update.

Great to hear about the incoming changes to Companies House that will come in soon following the passing of the Economic Crime and Corporate Transparency Act 2023.

More info here: https://t.co/1WxGG5v36i

[Baker Accountancy Services @BakerAccService]

CPD for the team yesterday afternoon at Adam’s Park - home to Wycombe Wanderers!

Some interesting thoughts raised particularly around tax efficient extraction of funds from OMB’s…. But will the Autumn Budget change it all tomorrow?

We look forward to finding out!

[Baker Accountancy Services @BakerAccService]

Delighted with these recent 5* google reviews!

Please don't hesitate to get in touch if you would also like our support!

[Baker Accountancy Services @BakerAccService]

Delighted to receive this lovely bunch of flowers & box of chocolates from a client we have been working with since early 2021.

We have been supporting them through a number of changes and it was a lovely show of their appreciation of our support.

#appreciation #accountant

[Baker Accountancy Services @BakerAccService]

Have you checked your tax code?

Tax codes can be checked on the https://t.co/86N4paugJC website.

The most common tax code is 1257L for 2021/22.

#personalallowance #taxcode #hmrc

[Baker Accountancy Services @BakerAccService]

HMRC have reported that they have received 2020-21 tax returns where the SEISS grants have been reported incorrectly.

It should not be classed as ‘turnover’ or as ‘any other income’ but instead included in the boxes provided by HMRC for this specific purpose. Please take care!

[Baker Accountancy Services @BakerAccService]

HMRC Cracking Down on MTD for VAT Non-Compliance

Approx 10% of businesses that should have signed up to MTD for VAT have not yet done so. This could result in a £400 penalty.

Now is the time to move your records to the cloud! #QuickBooksOnline #Xero #MTD #VAT #cloudaccounting

[Baker Accountancy Services @BakerAccService]

Delighted to see that HMRC has relaunched its Agent Dedicated Line after removing this service at the start of the pandemic.

The ICAEW has noted that this, along with delays across most of HMRC services and additional demands from clients, has had a major impact on agents.

[Baker Accountancy Services @BakerAccService]

The deadline for joining the VAT deferral new payment scheme is looming!

If you deferred VAT due between 20 March & 30 June 2020 and were unable to pay in full by 31/03/2021 you need to join the scheme by 21 June or now pay in full by 30 June.

Visit https://t.co/86N4paLRBa.

[Baker Accountancy Services @BakerAccService]

Great way to end the week with this lovely thank you hamper! Delivered to us from one of our very first clients, we have worked with them for nearly 10 years through many changes on their side and growth on ours. #thankyou #accountancy #hamper #grateful #tokenofappreciation

[Baker Accountancy Services @BakerAccService]

Yesterday, Gemma took the team through our annual training on professional ethics.

Ethical behaviour plays a vital role in ensuring public trust in financial reporting and upholding the reputation of the accountancy profession.

#ethics #accountancy #icaew #iesba

[Baker Accountancy Services @BakerAccService]

1st March is the first day for applying the domestic reverse charge for supplies of building and construction services.

The charge applies to standard and reduced-rate VAT services:

- for individuals/businesses who are registered for VAT in the UK

- reported within the CIS.

[Baker Accountancy Services @BakerAccService]

We’ve just sent out our February 2021 newsletter.

Please let us know if you would like a copy.

Budget 2021 | Making Tax Digital | Correcting VAT errors | Contractor rules | SATR’s | Latest Government Advice

#newsletter #accountancy #advice #support

[Baker Accountancy Services @BakerAccService]

⭐️ VAT Registered Businesses ⭐️

Are you compliant with the Making Tax Digital rules?

Do you keep digital records and submit your returns using accounting software?

This is COMPULSORY if you have taxable turnover over £85k.

We can help!

Get in touch to find out more.

[Baker Accountancy Services @BakerAccService]

TODAY is the deadline for claiming the third SEISS grant.

To make a claim you must decide if the impact of Coronavirus on your sole trader business will cause a significant reduction in trading profit.

Information on the fourth SEISS grant will be provided on 3 March 2021.

[Baker Accountancy Services @BakerAccService]

HMRC have today announced that Self Assessment customers will not receive a penalty for filing their 2019-20 late, as long as they file online by 28 February.

However, liabilities still need to be paid by 31 Jan and interest will be charged from 1 February on tax overdue.

[Baker Accountancy Services @BakerAccService]

Continuing Professional Development is hugely important in order to be able to provide our clients with the best & up to date advice.

Itching to get the ruler and pen out to underline key parts!

Chartered Accountant, Fellow of the ICAEW (FCA) and still learning every day. 📚