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Making Tax Digital April 2019 - What YOU need to know!

What is Making Tax Digital?

Making Tax Digital is an HMRC initiative that aims to revolutionise the UK tax system and ultimately bring an end to self-assessment.

The main aim is to make tax administration more effective, efficient and easier for taxpayers through the implementation of a fully digitised tax system by 2020, whilst also reducing HMRC’s overheads for managing tax affairs. This HMRC Youtube Video gives you an overview of how the scheme works.

The amendments to Making Tax Digital will mean:

v  Only VAT registered businesses will need to keep digital records and only for VAT purposes.

v  Businesses will not be asked to keep digital records or update HMRC quarterly for other taxes until at least 2020.

v  Businesses will need to keep digital records using compliant software.

What are the benefits of Making Tax Digital?

1.      Better use of information – Digital Tax Accounts will mean that businesses can see the information that the HMRC holds and will be able to check at any time that this information is up to date and accurate.

2.      Tax in real time – HMRC will collect and process information affecting tax as close to real time as possible so businesses should know in advance how much they need to pay.

3.      A single financial account – by 2020, customers will be able to see a comprehensive financial picture in their digital account, just like online banking.

4.      Interacting digitally – compliant software will be linked directly to HMRC systems, allowing businesses to send and receive information directly from their software.


Does Making Tax Digital apply to my business?

Most probably – Yes. Making Tax Digital is compulsory for any business with a turnover above the VAT threshold (currently £85,000).

All businesses above this threshold will have to submit their VAT return through the new HMRC interface.

Making Tax Digital will also be available on a voluntary basis to any businesses that wish to use it.


When do these changes come into effect?

It will be necessary to follow these changes in the rules from your next VAT submission after April 2019.


What should you do next?

Firstly, more information can be found on Making Tax Digital here.

Sage are working on ensuring that their software is compatible and ready for when these changes come into force in April 2019.

The Onesys Group will be contacting you to discuss these changes and how the software and Onesys can help you be compliant. Please feel free to call us directly in the meantime on 01423 330335 or info@onesys.co.uk if you have any questions or need any advice.

There will also be a slot on this at our Customer Day on Friday 27th April at Sage Head Office in Newcastle. You can register here if you’d like to attend.

Finally, don’t be scared of these changes. We will be in touch soon to go through this with you and help to ensure compliance by the deadline of April 2019. 

 

Bowe Digital and the Onesys Group - 20th March 2018

  

We are pleased to announce Bowe Digital are now formally associated with the Onesys group of companies, one of the UK’s Leading Sage Platinum Partners.

The Association allows Bowe Digital to call upon the resources of the onesys group, with particular emphasis on an ability to access Industry leading Sage customer support from the onesys support centres in Newcastle, York, Mansfield and Coventry. Additional offices and staff in London, West Midlands and the East Midlands.

Drawing on the unrivalled technical, customer care and consultancy skills in these centres.

The onesys group of companies is a long established Sage partner with nearly 40 staff, 600 clients on support, providing services throughout the UK and internationally.

Onesys are fully qualified in all Sage 200 modules and have many of the largest and most detailed sites in the UK, our recently expanded Newcastle office in particular, has a number of former senior Sage plc consultants who have leading skills in Sage software.

Our teams have great skills in project delivery and customer care.

We also provide consultancy and technical skills to Sage UK/Eire and their direct customers.

Uniquely, onesys has one of the largest Sage development teams in the UK and have vast experience in small or large development projects.

Onesys also provide and support the fuller range of Sage software including Sage Live, Sage 50, HR Payroll, as well as the leading additions from Sicon, Draycir, Eureka, Panintelligence and Paperless.

The team and operation at Bowe will continue to operate as it is, but now with an enhanced range of skills available, which will ensure you have an enhanced level of service and support.

If you have any questions regarding this arrangement please contact:

 - Karen Bowe, Bowe Digital karen.bowe@bowe.co.uk 0191 214 1750

 - Richard Knowles, Onesys Limited. Richard.knowles@onesys.co.uk 01423 330335

 - Chris Hawley, The Northern Path Limited. Chris.hawley@onesys.co.uk 0191 466 1180

 

The Northern Path becomes part of the Onesys Group

 

 

 

 

In December 2017 Onesys Group acquired The Northern Path, the well respected Sage 200 Business Partner based in Newcastle and Mansfield. The Northern Path are leaders in Manufacturing and distribution and bring with them a huge wealth of knowledge and experience across the Sage suite. 

The Northern Path along with Onesys Group continue to deliver business software solutions and share resources and assets to deliver exceptional customer servies to their respective customers. 

Click here to find out more about the Onesys Group

 

The Northern Path are excited to offer you this brand new course which covers Xero Accounting Software for Beginners and AAT Level 1 Award in Computerised Accounting.

This is a 2 day course and is designed to provide you with an introduction to Xero but with the added benefit of having an AAT qualification (this is optional)

This is an ideal starting point for anyone who has not experienced Xero or used a computerised accounting software before.

It is also the ideal course for new business owners, entrepreneurs or users of Xero who need to know more about the software they are using in their business.

The purpose of this course.

Computerised accounting systems are widely used in business and other organisations. This course introduces you to the fundamental principles required to use a computerised accounting system.

Learning Objectives.

You will develop the skills needed to set up accounts, record transactions for credit customers and suppliers, process receipt and payments for non-credit transactions. You will learn how to produce accounting reports such as a trial balance and customer / supplier activity reports.

Learning outcomes.

There 4 learning outcomes in the Level 1 computerised accounts unit:

  1. Create accounts using computerised software
  2. Process accounting information using computerised software
  3. Understand how to use batch control sheets
  4. Produce reports using computerised software

Please contact Training@thenorthernpath.co.uk if you would like more information.

Book your course here!

 

We are always keen to hear from anyone who is interested in joining our growing team, could this be you?...

 

  • - Looking for a challenging new role with a fast paced and growing business?
  • - Want to be involved in helping shape, design and build new products?
  • - Tired of trying to deliver software and support on miss-sold promises to customers?
  • - Do you have knowledge and experience of delivering or supporting Sage solutions?
  • - Do you have experience of working with channel partners and get a kick out of taking new products to market?

Besides being an exciting place to work with lots of new things in the pipeline, we pride ourself on our customer service levels, attention to detail and having a team who enjoy coming to work in the morning!

If you are interested in joining our team then please email your cv to Leanne and we will get back in touch with you.