This Valentine’s Day, you might be thinking about spoiling your significant other with flowers and chocolates. If you’re a business owner, then your true love is probably the company that you have built up. Your business finances need tender love and care, ...
READ MOREIf you have noticed more TV and online adverts for cloud accounting software lately, that is no accident as the countdown to Making Tax Digital for Income Tax (MTD for IT) ramps up. There is just two months left for taxpayers ...
READ MOREFor business owners already working to prepare for the announcements made in the Autumn Budget, it can feel like there is already a lot to juggle. The Employment Rights Act is also beginning to take effect on a similar timeline, which ...
READ MOREOne of the most common questions business owners ask accountants, “Can I put this through the business as an expense?” The answer depends on one core tax rule. For an expense to be allowable for Income Tax or Corporation Tax, it ...
READ MOREThe first phase for Making Tax Digital (MTD) for Income Tax is nearly upon us, as the new system of digital tax reporting commences from 6 April 2026. However, some landlords, self-employed individuals or sole traders may still wondering whether the ...
READ MOREA new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they needed to in 2023/24. Whilst headlines often focus on the UK’s tax gap – the amount ...
READ MOREThey say there is nothing new under the sun and the global economic situation seems determined to prove that right. Just last year, we were advising businesses on how to handle the impact of Trump’s tariffs. Now, we’re back in this position ...
READ MOREHMRC has issued a warning to taxpayers completing their Self Assessment tax returns that their online software cannot automatically make calculations to account for the mid-year increase in the rate of Capital Gains Tax (CGT) in 2024. Announced in Labour’s first ...
READ MOREWe are now in that period of time between the start of the calendar year and the beginning of the tax year. All those financial chores you had to address last year will be back in front of you before you ...
READ MOREAccording to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day. They were part of the 37,435 people who submitted returns between Christmas Eve and Boxing Day, as HMRC once ...
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