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MTD for income tax postponed 2024/25

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 later than planned, in the tax year beginning in April 2024. This will give the self-employed and buy to let landlords an extra year to prepare for the digitalisation of Income Tax and also allow HMRC more time for customer testing of the pilot system. The start date for partnerships to join MTD for ITSA has been put back still further to the tax year beginning in April 2025. There [...]

Mileage tracker

Don’t miss a trip with QuickBooks Mileage Tracker Business mileage can add up to serious tax savings. Automatically track your mileage with our mobile app and categorise your trip as business or personal with a quick swipe. So when it’s tax time, you’ll have a detailed log of all the business miles you can deduct. How to track mileage in QuickBooks Online First turn on Mileage Tracker in the QuickBooks app∙ Go to the menu and select Mileage ∙ Choose Auto Tracking Toggle Auto Tracking on Make sure your phone is set to the right permissions.   On IOS: Set [...]

Invoicing on the go

How to send estimates and invoices with the QuickBooks mobile app There's an easier way to get paid. Speed up your invoicing and improve your cash flow with QuickBooks invoicing. You can send invoices and estimates on the go, get paid with a touch of a button and set automatic payment reminders in the QuickBooks app. Here's how to get started. Create a customer In the app, select Menu ≡ then Customers. Select (+) in the bottom right of the screen to create a new customer Enter the recipient's email address, phone and address (optional). You can also import from your [...]

Quick guide on how to upload your expenses with Receipt Capture from Quickbooks

Upload your expenses with Receipt Capture No more missing receipts or piles of paperwork. Snap receipts and bills with our easy-to-use app and QuickBooks extracts the relevant data for you. It can even match them to your transactions - automatically Step 1 – Upload receipts and bills into QuickBooks Upload receipts and bills into QuickBooks There are 3 ways to get your receipts and bills into QuickBooks: Snap them using the QuickBooks mobile app. Drag and drop an electronic copy. Forward by email. How to snap a receipt Open the QuickBooks mobile app and select the Menu ≡ Select [...]

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