At MMG, we are at the centre of a major change in accounting history, Making Tax Digital (MTD). What does this actually mean? From April 2024, unincorporated businesses (sole trades,…
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Even the globe’s grandmothers would vouch for us when we say digitalisation has kept us afloat during the pandemic. Thanks to the rapid digital transformation, we can sleep easy knowing…
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2020 saw a year of change and a dramatic shift to technology. We relied on our screens to remain informed, entertained and connected. But, what if we could do more…
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Having listened to stakeholder feedback from businesses and the accounting profession, the government have announced that they will introduce Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) a year…
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As the MMG team continues to grow, we’re exploring what exactly happens behind the curtain of an accountancy firm. It’s not all spreadsheets and statements. We are collaborators that help…
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VAT registered businesses making taxable supplies above the £85,000 registration threshold have been involved with Making Tax Digital (MTD) since April 2019. The next roll-out will be the introduction of…
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In the summer economic update, Chancellor Rishi Sunak announced a new incentive for employers known as the Job Retention Bonus. This incentive is intended to encourage businesses to bring furloughed…
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Since 2019, many VAT-registered businesses with a taxable turnover above the VAT threshold (£85,000) have been mandated to keep digital VAT records and send returns using Making Tax Digital (MTD)-compatible…
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