SMALL BUSINESS: Most businesses unready for quarterly online reporting
A survey by the Institute of Chartered Accountants in England & Wales (ICAEW) shows that only 25 per cent of companies maintain their accounts using dedicated accounting software, most of them being medium and large businesses. A further 19 per cent keep electronic accounts using general-purpose software such as spreadsheets while 25 per cent still use purely paper-based systems. One in seven businesses prepare their own tax returns rather than using an external advisor. The survey was conducted in response to HM Revenue & Customs’ Making Tax Digital plan to enforce quarterly online reporting on businesses, self-employed people and landlords.
DNDLAW Solicitors Donnelly Neary & Donnelly offer a full range of legal services including Conveyancing Tax Commercial Criminal Family Law Divorce Wills Probate Immigration Notary Public from offices in Newry Castlewellan Dublin Portadown serving all of County Down Armagh and Belfast
For more information visit our offices or telephone 028 30264611
Our website is www.dndlaw.com & www.notaryni.co.uk