No Accounting for Taste ep155: Tax returns, investment and MTD testing

Lucy Cohen joins the AccountingWEB team on the podcast this week to discuss the challenges of this year’s self assessment season, receiving a multimillion-pound investment in her firm and MTD ITSA testing. With just under a week to go before the self assessment deadline, and 3.8m taxpayers still needing to file, the AccountingWEB editorial team talk about the late filers, the missing information, the client chasers, the late nights, the long HMRC helpline wait times and much more, as we chart the highs and lows of this year’s busy season. Lucy Cohen, the co-founder of Mazuma Accountants and speaker at the Festival of Accounting & Bookkeeping, pulls back the curtains on her firm’s self assessment season. We also catch up with Lucy on the day that Mazuma announced a multimillion-pound investment from Innovation Investment Capital Limited Partnership (IIC), the Cardiff Capital Region (CCR) backed fund. Lucy gives the inside scoop on how the investment came about and their plans to scale the firm in 2024. Meanwhile while all attention is on self assessment and planning ahead, the elephant in the room is of course Making Tax Digital. And this week we learned of HMRC’s plans to revive the pilot, only we’re not calling it a pilot. AccountingWEB’s Tom Herbert summarises the latest developments of the digital project. Lucy will be one of the many expert speakers at the Festival of Accounting & Bookkeeping (FAB) on 13 and 14 March at the NEC, Birmingham. Go to Fab.uk to book your free tickets! Show timings 1m 30s Mazuma’s investment news 11m 40s Self assessment season discussion 30m 40s MTD ITSA testing 36m 55s Festival of Accounting & Bookkeeping