• SA302: Guide to your calculation

    Form SA302 (Tax Computation/Calculation) is evidence of your earnings and used to show the calculations of Tax and National Insurance which have been used to prepare your tax return. If you’re a MalgraBooks Advanced or Premium client, you’ll receive a copy of this document before your return is submitted to…

  • SEISS Grants

    The SEISS (Self Employed Income Support Scheme) was a range of grants which were provided by the UK Government during the Covid-19 Pandemic. This page provides reference to the eligibility criteria and amounts available. Grant 1 (March 2020 – 14 July 2020) Eligibility: Self-employed individuals and members of a partnership…

  • Virtual Group Data Report

    We’ve been informed that Slimming World are currently sending a report confirming details of the virtual account system which is back-dated to April 2020. The report provides the information you need to prepare your accounts from information logged on Slimming World’s system. This page provides instructions on how to use…

  • Making Tax Digital (MTD) Reports

    Making Tax Digital is HMRC’s next major change to self employment which will require quarterly reporting on your business in respect of income, expenses and profit. >> Read more on the Malgra Network site The 21/22 Spreadsheet provides an overview at how this new service will work with a new…

  • Relief Group Cover (2021/22 Version)

    The relief group cover tables require the weekly group summaries for each group – this is located in a different section of Our World and is through the account viewer. The relief group section allows for input of up to 90 relief groups throughout the financial year. If you’re covering a…

  • Abbreviations / Glossary

    Through our tax guide, and when dealing with HMRC (HM Revenue and Customs!), you’ll come across abbreviations for key items. Below is a listing of common ones and we’ll add to this list as needed. Accruals In most businesses, year end accounts are produced using the ‘Accruals concept’ – effectively…

  • Eye Tests

    Where a monitor or screen is required to be used as part of self employment, the cost of an eye test can be claimed as an allowable expense. In addition, you can for glasses as an expense – but only if they are prescribed specifically for monitor or screen work.

  • Malgra Spreadsheet and the Virtual Group Account Viewer

    The Virtual Group Account Viewer launched on 17 January 2021 is designed to provide an overview of the earnings from your Virtual Groups. The system currently goes back to w/c 6 December 2020, and updates are being planned to backdate the tool back to April 2020.

    There are two main screen sections – the Financial Summary provides the information you need for your business accounts.

  • Cloud Spreadsheet – Finding your way around (and best practice)

    Our Cloud Spreadsheets are designed for use on devices which don’t have Microsoft Office installed as standard. They can be used through any modern browser, and we recommend Google Chrome for the best experience. The image below shows our 2019/20 Cloud Spreadsheet Dashboard Sign In There is an option in…