07 Nov 2018
What is Making Tax Digital?
Making Tax Digital (MTD) is an HMRC initiative designed to make sure the UK tax system is effective, efficient, and easier for taxpayers.
Making Tax Digital for business (MTDfb) begins on 1st April 2019 with MTD for VAT. From that date, VAT-registered businesses above the threshold of £85K will have to keep digital records and submit VAT returns using compatible software.
Other components of MTD, such as income tax and corporation tax, have been placed on hold until April 2020 at the earliest.
Effective - Tax recording will be more accurate, providing fewer opportunities for errors, miscalculations and fraudulent activity.
Efficient - The process will be faster and more automated for businesses, accountants and HMRC.
Easier - With the right software, Making Tax Digital will make it easier for small businesses to record and file their tax returns online.
The GJA 'Cloud Computing' team are working hard to ensure all clients are MTD ready. Should you need to discuss MTD and the options available for compatible software, please do not hesitate to get in touch. We would love to hear from you.
Vada Studios is a very successful music recording facility. The business had outgrown their existing premises, and had a vision to create one of the top residential recording studios in the UK.
A highly successful restaurant, butcher and retail business.
GJA have been the retained accountants for this property investment and development group for over 20 years. Imminently due to dissolve companies.
Proco approached us with an idea of becoming a distributor of a high-end product in the UK, supplying vinyl nationally.
In 2008 Tom Floate left his employer to set up his own business providing website services. Initially forming a partnership with his wife Rachel, they began trading IO Studios from their home office.
Barry the Butcher is a very successful wholesale butchery and retail business.
Chris works with a diverse profile of owner managed businesses to assist them to grow and retain wealth. Although Chris works with clients from a wide range of sectors, he has particular expertise in property, catering, consultancy and professional services.
Managing Director ACMA
Alex has worked for Grenfell James since 2002 and became a director in 2013. Overseeing our internal operations, he manages the flow of work and ensures we hit our strict deadlines. Alex also manages a portfolio of clients, with expertise in manufacturing and service businesses.
Operational Director MAAT
David has worked for Grenfell James since 2006. He heads up our tax team and is highly experienced with expertise in different industries and sectors.
Tax Director ACCA
Hannah qualified in 2016, having worked for the company since 2009. She acts as a client manager for a range of businesses, with expert knowledge of the equestrian and rural sector. Hannah also manages our payroll team.
Client Manager ACCA
Dean. Wootton IT
Mr J McCarthy
Mr I Cameron
NPD Design Consultants Ltd
Regent Square Estates
Mckechnies independent tea and coffee bar.
Proco Coatings & Laminates
Andrew Knight. The Howard Arms Ilmington
Roy Ferguson. The Perfect Cosmetics Company.
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