As the conflict in the Middle East disrupts the global economy, many businesses are eyeing their energy bills with dread. Rising gas and oil prices are unlikely to be brought down effectively any time soon, even if an end can be ...
READ MOREMaking Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect. Even as recently as the week before the shift, only 21 per cent of affected taxpayers were ...
READ MOREJust days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold. There has been a lot of concern from ...
READ MOREAs the steady expansion of reporting obligations continues, it seems that the time has come for close companies to face greater scrutiny. There is currently an ongoing public consultation as to how to implement new reporting requirements. With the change looming on ...
READ MOREI am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you are correct. This year the bank holiday has come a lot sooner than previous ...
READ MOREGiven that it is the biggest overhaul to the way that taxes are filed in decades, it is no wonder that Making Tax Digital (MTD) for Income Tax has a whole host of additional considerations to manage. As the timing when ...
READ MOREMore than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small online traders and service providers. Platforms, such as eBay and Airbnb, have once again ...
READ MOREFresh off a wave of regulatory changes designed to improve transparency and efficiency with filings, business owners are having to take stock of new administrative responsibilities. The changes to Companies House and HMRC filings are not finished yet and many have ...
READ MOREWhen a business sells an asset such as property, land or equipment, the resulting gain can trigger a Capital Gains Tax (CGT) liability. However, if the proceeds are reinvested into new business assets, it may be possible to defer that tax ...
READ MOREOn the surface, it might seem odd that there would be an entire week dedicated to tax awareness when so many people seem to live in constant dread, knowing their obligations loom overhead. However, it is useful to take the time ...
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