Whether you are exempt from Making Tax Digital and want a robust paper-based book keeping system, or you have/will be moving to a cloud based system and want to make sure you understand what it’s doing for you, come along to this event, where you will learn the practical basics of rural business finance.
The move to Making Tax Digital whereby HMRC will require most rural businesses to provide information more frequently and in greater detail than before (and directly from commercial software) will be a prompt for many to move to modern cloud based systems. This is not all bad as modern software providers are experts at making book keeping quick and painless and it will be easier than ever for you and your accountant to work as a team.
Topics covered will include:
• Basics of any book keeping system – what is essential/ desirable
• What to consider when choosing a system and specific questions to ask a software provider
• Accounting principles and common terminology
• How VAT works
• Debt & borrowing
• Making Tax Digital
Bookings are no longer available for this event.
Sign up to the FAS newsletter
Receive updates on news, events and publications from Scotland’s Farm Advisory Service