In The Know

Laptop being closed

What you need to do for Making Tax Digital (MTD)

HMRC is changing the way you submit your VAT Returns. From April 2019, most VAT registered businesses with a turnover above £85,000 must keep their VAT records digitally and use Making Tax Digital compatible software to submit their VAT Returns. Instead of waiting until then, you can get compatible software now and try this new […]

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Metro Bank Borehamwood branch

Why you need a Metro Bank Business Account

With Metro Bank being one of the fastest growing banks in the UK, we have pleasure in announcing preferential rates for any of our clients. Metro Bank can provide free banking for the first 12 months and if you keep as little as £2,000 balance in the account, they will continue the free banking period. […]

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Christmas allowances in 2018

With Summer officially over and the cold days/dark nights creeping in, it can only mean one thing. Time for a Christmas Party!! Christmas parties come with all kinds of benefits, rewarding staff, building morale and finding yourself with another in the stationery cupboard, but did you know that HRMC provides exemptions from tax and NI […]

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IFA for contractors and small business owners

Hi my name is Alan Cripps. I’m a Independent Financial Advisor with 35 Years experience, living in Abbots Langley with my wife and 2 children.  Branching out on my own 6 years ago to become a fully Independent Financial Advisor meaning I’m able to use the whole of the Financial Markets to review and make recommendations for […]

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Freelancer using laptop

Making Tax Digital (MTD): In simple terms

In 2009, My Accountant Friend opened it’s doors to Making Tax Digital (MTD) for all their clients. For the majority of the accountants, way back when, online accounting was seen as insecure and sticking to spreadsheets was the safe, boring option.  How we laugh now! HMRC are making tax digital for all individuals and businesses […]

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Enterprise Initiative Scheme (EIS): ideas, suggestions, hints and tips

The Enterprise Initiative Scheme (EIS) is a government initiative offering some of the most attractive UK tax breaks available. We’re big fans of this scheme, here at My Accountant Friend, so we thought we’d put together this page (to be regularly updated) helping our readers to better understand EIS, and point out some of the more interesting […]

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GDPR Banner in an EU style

Becoming GDPR compliant: what on earth does that mean?

If, like most people, you’ve subscribed to a number of newsletters and online services, the likelihood is that you’re suddenly being inundated with emails talking about “GDPR compliance”. While it might appear on first glance to have something to do with Pound Stirling, it’s actually related to the EU’s changing position on personal data. We […]

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Visual symbol of business growth using plants

How to grow your business: some expert advice

Here on the My Accountant Friend blog, we’re always keen to chat to people who can bring a real difference to the self-employed community. This week we caught up with Richard Hunter-Rice, a Midlands-based business consultant who has more than 30 years of experience helping companies of all sizes to realise their potential. Ever wondered […]

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UK freelancers 2018: self-confidence up, but confidence in government down

The latest Freelance Confidence Index has been published, and the numbers confirm what many freelancers have been saying privately: it’s not the easiest time to be going it alone and major political events have played their part. That said, the freelance community is still earning reasonably well, and the recognition that “you are what you […]

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Introducing the Pensions Dashboard Project

We’re always keen to keep you up-to-date with the latest tools and dashboards, and the Pensions Dashboard Project is currently as fresh as it gets. It’s so fresh, in fact, that the government have yet to even finish making it. You can, however, sign up to their newsletters to see how they’re getting on. Here’s […]

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