Despite the first deadline for Making Tax Digital (MTD) for Income Tax arriving on 7 August, over 400,000 qualifying landlords and sole traders have still not signed up. The total number of those who are affected by this deadline is 864,000, ...
READ MOREA major change in the leadership of the UK has taken place at the same time as MPs went on their summer recess. With a new Chancellor and Prime Minister at the helm, it is unclear what businesses should expect in ...
READ MORELate-paying customers are one of the biggest causes of cash flow problems for SMEs. It can be a tense situation as you want to make sure you consistently get paid on time without damaging a repeat-business relationship with one of your ...
READ MOREEven if you do not have children, you will be aware that the schools have broken up for the summer holidays. That realisation may come when you find the roads eerily quiet on your morning commute or when you find town ...
READ MOREWhile profit can be seen as the main indicator of business health, the importance of cash flow is often overlooked. You could be making money on paper but still be broke, unable to meet bill payments and even on the brink ...
READ MORETaxpayers need to know how to comply with changing rules and many find themselves reaching out to HMRC for support and guidance. New data from HMRC reveals that, while this can be helpful, it is not a universally positive experience. With many ...
READ MOREWith Keir Starmer announcing his resignation as Prime Minister, there has been much speculation about what this means for the future of UK politics. His hotly tipped successor, Andy Burnham, is set to enter 10 Downing Street by Monday the 20th of ...
READ MOREThe last few weeks have been awash with minor and major reforms to taxation in the UK, as part of HMRC’s Tax Update 2026. While the headlines have been stolen by changes to the way VAT, PAYE and ITSA are paid, ...
READ MOREAnyone subject to the UK’s Self Assessment system knows the rhythm by now. Income is earned across the tax year and the bill for it lands the following January. While Making Tax Digital (MTD) for Income Tax hasn’t changed when and ...
READ MOREBetween the amount of tax owed and the amount paid is the dreaded tax gap, the amount of additional revenue that HMRC would have to use if everyone were fully tax compliant. Every year since the 2005/6 tax year has seen ...
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