MTD for VAT: VAT-registered businesses
All VAT-registered businesses must comply with Making Tax Digital (MTD) rules, regardless of how much they make each year. This will take place from 1… Read More »MTD for VAT: VAT-registered businesses
Tax
Employee benefits: A new approach.
The reality for most business owners is that you’ll be looking to invest smartly, rather than extravagantly. That’s where employee benefits come in. They allow… Read More »Employee benefits: A new approach.
Personal tax changes for 2022/23
By the time you’re reading this, the new tax year has already started. But there are some Personal Tax changes kicking in from 6 April… Read More »Personal tax changes for 2022/23
Deadline for Self-Assessment, missed by millions
More than two million people missed the self-assessment tax return deadline on 31 January 2022, according to HMRC. The tax authority said more than 10.2… Read More »Deadline for Self-Assessment, missed by millions
Utilising your pension to cut inheritance tax
Inheritance tax was thought to be ripe for reform in last year’s Autumn Budget. As it happened; it was left untouched for another tax year. … Read More »Utilising your pension to cut inheritance tax
How to extract profits out of companies
Believe it or not, there are more than 4.7 million limited companies registered in the UK. This includes the 810,316 incorporations that signed up in… Read More »How to extract profits out of companies
MTD: Making Tax Digital for income tax
Making Tax Digital for income tax (MTD for ITSA) looks certain to affect sole traders and landlords from April 2024. This is following the recent… Read More »MTD: Making Tax Digital for income tax
Business tasks to outsource
Many people in business come to us asking for help with tasks that usually result in time slipping through their fingers, because of their often-onerous… Read More »Business tasks to outsource
National insurance contributions are rising.
National Insurance Contributions (NIC’s) will rise by 1.25% from April 2022 for employed and self-employed workers. As a result, this is intended to help fund… Read More »National insurance contributions are rising.
Accounting for charities & non-profit organisations
Anyone who runs charities knows how it differs from running a business, both in terms of motives and objectives. HMRC treats non-profit organisations and charities… Read More »Accounting for charities & non-profit organisations