Brett Pittwood

Chartered Certified Accountants in Dorset

[Brett Pittwood @brettpittwood]

Businesses that embrace technology early are likely to find the transition much easier.

Are your systems ready?

#Accounting #EInvoicing #VAT #MakingTaxDigital #SmallBusiness #BusinessTechnology

https://t.co/R8y37IhzeB

[Brett Pittwood @brettpittwood]

The Government has confirmed that e-invoicing for VAT invoices will become mandatory from 2029.

For many businesses, invoicing still means creating PDFs, emailing them across and manually entering data at the other end.

[Brett Pittwood @brettpittwood]

E-invoicing will automate much of that process, reducing admin, errors and potentially helping businesses get paid faster.

2029 sounds a long way off, but it's another reminder that digital accounting isn't going away.

[Brett Pittwood @brettpittwood]

https://t.co/X97L9yoLqH

[Brett Pittwood @brettpittwood]

This Sunday our director, Phil, is taking on the Rotary Dorset Bike Ride to raise money for Cancer Research UK.

He is taking on the 80 mile route and we wish him the best of luck.

If anyone wishes to donate to this cause, a link to his Just Giving page is shown below.

[Brett Pittwood @brettpittwood]

as firm we successfully filed a large number of MTD returns across different software platforms.

https://t.co/2OLIDx0PVo

[Brett Pittwood @brettpittwood]

Are you one of the estimated 400,000 people who missed the first MTD deadline. If so, HMRC are likely to sign you up automatically this month.

There are still no penalties in the first year but if you do need help, feel free to reach out,

[Brett Pittwood @brettpittwood]

Just a quick note to wish our followers and connections a Happy Easter.

Our office will close at 5pm today for the Bank Holiday weekend and will reopen at 9am on Tuesday morning.

#HappyEaster

[Brett Pittwood @brettpittwood]

From 1 April HMRC will introduce increased penalties for late corporation tax returns, full details can be seen below. In short the late filing penalties will double from the current levels.

#HMRC #Penalties

[Brett Pittwood @brettpittwood]

The tax year end is three and half weeks away so there is not much time to plan!

[Brett Pittwood @brettpittwood]

As we approach the end of the tax year it worth remembering so key allowances, such as pension contributions and charitable donations. The timing of these items can be key in reducing your tax, either in general or by being used to keep you just within a certain tax banding.

[Brett Pittwood @brettpittwood]

and the reference number to use when making payment is your personal UTR number followed by the letter 'K'.

Any amounts unpaid will begin to accrue interest after this date.

#SelfAssessment

[Brett Pittwood @brettpittwood]

Remember that (if applicable) balancing payments for the 2024/25 tax year and the first payment on account for the 2025/26 year are due by 31 January.

Details of how to make payment can be found via this link https://t.co/2YRZGCsaPc

[Brett Pittwood @brettpittwood]

Happy New Year to all our followers, wishing you all the best for 2026.

[Brett Pittwood @brettpittwood]

Our office will be closed during the forthcoming festive season. 🎄

Please check below for detailed information on our opening hours.

[Brett Pittwood @brettpittwood]

A more detailed budget update is now available on our website.

If you have any questions, please do get in touch.

https://t.co/ZOmaQ9KPuM

[Brett Pittwood @brettpittwood]

As ever there are sometimes hidden points in the detail which we will digest in the coming days.

#Budget2025

[Brett Pittwood @brettpittwood]

Some initial headline points from today's budget:
- Income Tax and NI thresholds frozen until 2031.
- 2% increase in the dividend tax rate from April 2026.
- 2% increase in property tax rate from April 2027.
- Further minimum wage increases announced from April 2026.

[Brett Pittwood @brettpittwood]

- National Insurance added to salary sacrifice pension contributions, on amounts over £2,000 from April 2029.
- Per per mile tax introduced on owners of Electric Vehicles from 2028.
- Business sales to Employee Ownership Trust, now taxable (50% of the gain) from today.

[Brett Pittwood @brettpittwood]

This applies to all staff including directors although there is limit (£300) on how much a director can have per year.

A simple, easy way to reward staff at this time.

#TrivialBenefits

https://t.co/1dHcHpK2Zq

[Brett Pittwood @brettpittwood]

As the festive season approaches, it's a good time to remind everyone about the staff benefits available.

Trivial Benefits enable you to get a voucher for up to £50 in value for your staff, (the voucher cannot be exchangeable for cash), as a Christmas gift.