WHAT CAN YOU EXPECT FROM THE JOB RETENTION BONUS?

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 employees back to work at the end of the furlough period that has subsequently been extended until December in England. There has been further information[…]

PERSONALISATION IN ACCOUNTANCY

Unlike a cosy tweed scarf, there is no one-size-fits-all when it comes to accounting. The ever-changing landscape of 2020 has left businesses revisiting their finances. At MMG Archbold, we create solutions that are unique to our clients and their individual needs. Whether it’s adding alloy wheels to your new car or an extra 5 GB[…]

MAKING TAX DIGITAL DURING COVID-19

Three things that have made lockdown manageable: my daily walk, many chocolate biscuits, and the cloud. No, not the cloud I watch float by my window as I daydream about my next getaway, but cloud accounting. It’s tough to comprehend what the past few months would have consisted of if the movement towards making tax[…]

DIGITAL ACCOUNTING UPDATES

HMRC PASSWORD UPDATES HMRC will be changing its password rules this month, we recommend that use the HMRC password reset service to create a new password. You should then use your new password to access HMRC’s services from FreeAgent/QBO/Xero. If you choose not to reset your password, you may not be able to access HMRC[…]

CHANGES TO YOUR BANK FEED

If you use cloud accounting software such as FreeAgent, QuickBooks or Xero, important changes are taking place in September that will affect you.   The open banking initiative runs alongside the EU’s Second Payment Services Directive (PSD2) which came into force in January 2018. The effects of PSD2 are starting to roll out, and if[…]

The Benefits of Online Accounting

  MMG Archbold is a fully accredited Quickbooks Accountancy. Here are some of the benefits of using online accounting, specifically Quickbooks:   Accessible Users can access the software remotely to view reports and review the organisation’s finances. The app is also available for your smartphone or tablet You can add unlimited users with different levels[…]