March 2019 Newsletter

Getting ready for Making Tax Digital with Receipt Bank

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MJH Accountants are here to help

Making Tax Digital is fast approaching, but have no fear MJH Accountants are here to guide you through the new legislation.

 

How does MTD affect me?

For those of you unware, Making Tax Digital (MTD) is HMRC’s new approach to online taxes, one of the most important being the new rules for submitting VAT. From 1st April 2019 all VAT returns will have to be submitted digitally through specialised (and approved) software. For our clients, this means you must use a software package such as Xero. We have already contacted those of you who are not yet compliant and provided you with some options. However, if there are any of you who need further information, please do get in touch.

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February 2019 Tax Tips & News

Welcome…
To February’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We’re here to help!

MTD pilot opens to all

Making-Tax-Digital-HMRC

The Making Tax Digital (MTD) pilot has been opened up to all businesses that will be mandated from April 2019 (i.e., the first VAT accounting period starting on or after 1 April 2019) to use compatible software to submit information directly to HMRC.

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January 2019 – Tax Tips & News

Welcome…
To January’s Tax Tips & News, our newsletter designed to bring you tax tips and news to keep you one step ahead of the taxman.

We are committed to ensuring none of our clients pay a penny more in tax than is necessary and they receive useful tax and business advice and support throughout the year.

Please contact us for advice in your own specific circumstances. We’re here to help!

Make the most of tax efficient savings offers

Restaurant-Tip

As the end of the current tax year approaches, it is worthwhile making a check to ensure that the various tax-efficient savings opportunities have been utilised wherever possible. The following paragraphs highlight some of the areas where savings may be made.

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November 2018 Newsletter

Mark-Hall-Accountant-Preston
The last few months have been incredibly busy at MJH.

The transfer window has been ‘hotting up’ here too as 3 new recruits have joined the firm over the last month to help manage our ever expanding client base.
Olivia Bass and Joe Hopkins (“New Joe”) have joined our team as trainee accountants and Cindy has joined as our new Practice Administrator, having replaced Megan who decided to return to academia.
These appointments bring our current headcount to 10; meanwhile, we are still actively recruiting a payroll manager to take care of our growing client base in that department.

The beginning of September also marked some very notable achievements in the office as James and Joe (“Old Joe”) passed their final ACA exams and qualified as Chartered Accountants. Their success takes the number of fully qualified ICAEW Chartered Accountants in the firm to 4.
Qualifying as a Chartered Accountant takes endless hours of work and determination both to pass exams whilst also satisfying the Institute’s work experience requirements which run alongside the academic part of the qualification.
I, along with all of my colleagues, are incredibly proud of James and Joe’s achievements and hope they will be at the firm for a very long time to come to share their knowledge and experience with the team and our clients.

At MJH, we all know that we are very fortunate to enjoy the lives we do without having to worry that our basic needs will be met from one day to the next, unfortunately, this can’t be said for everyone.
We take our social responsibilities very seriously and try, where we can, to help improve the chances for those less fortunate than ourselves, both within the local area and further afield.
In July, by providing t-shirts and wristbands, we supported the wonderful staff and students at Ashton Community and Science College in their “Docks to Disney” fun run which involved students, staff and their friends and colleagues completing as many laps of Preston’s Dock as they could with the objective of totting up the 6,777km it would take to reach Disneyworld in Orlando.
They did all of this to help children who are diagnosed with certain forms of cancerous tumours and need to go to Orlando to receive life-saving Proton Beam Therapy. INCREDIBLE ACHIEVEMENT, WELL DONE GUYS!

On 6th December, we are hosting our Christmas party (more to follow) in aid of The Foxton Centre in Preston. With a free bar, extensive buffet, music, games and much much more, get the date in your diary now.

Thank you for reading.
Mark

MJH through the eyes of a student

I started my work experience at MJH Accountants on Thursday 26th July 2018. My first task was to attend a local networking group, namely Shout. Whilst there, I listened to representatives from various local businesses explain what they do and how they work. It was very interesting to find out about the many different ideas that they had.

On Day 2, I was shown how to log the mail, both incoming and outgoing. I also learnt how to use the scanning machine to record all of the incoming mail as well as the franking machine which I used to stamp all of the mail that was going to be sent out.

I also helped update the company’s social media accounts. As a teenager in 2018, I benefit from growing up with social media, however, it was very interesting to learn how businesses, especially professional service firms are harnessing the power of social media to interact with their clients and contacts.

On Day 3, I analysed a client’s receipts and payments from their bank statement from which the accountant would take over and prepare the accounts. Accuracy was critical to this task and I was delighted to see that the figures balanced once I had finished.

On my last day at MJH Accountants, I recorded Mark’s schedule on the computer so that his time and billing record could be updated.

Overall, I thoroughly enjoyed my time at MJH and thought it was eye-opening to see how much work and effort is put in by everyone. I also really enjoyed being given the opportunity to work alongside other members of Mark’s team and meet clients and other businesses.

Olivia Violet

Year 10 pupil – Archbishop Temple School, Preston