The 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 MORESmall and Medium Enterprises (SMEs) are finding the current economic climate challenging, with many reluctant to invest for fear of losing their business entirely. We want to understand the hesitation behind the lack of borrowing so that your business can get ...
READ MORENext year’s National Living Wage and National Minimum Wage have been hot topics of discussion with experts warning they must go up to meet the Government’s goal for it to match two thirds of median earnings. The Government has reaffirmed its ...
READ MOREThe release of the latest employment data should serve as a wake-up call for business owners. Over 100,000 jobs were lost in May, the worst figure in four years, with hospitality, tech and retail bearing the brunt. One of the biggest factors ...
READ MOREThis week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property. Firstly, there will be tougher penalties for late tax payments under Making Tax Digital (MTD). Secondly, the MTD scheme itself is ...
READ MOREWith significant changes to the Furnished Holiday Let (FHL) regime coming into effect in April 2025, owners of holiday rental properties face crucial decisions about their tax position and business structure. What are the key upcoming changes to FHL? The favourable tax ...
READ MOREPAYE Settlement Agreements (PSAs) are a convenient tool for employers, allowing them to cover the tax and National Insurance contributions (NICs) on specific benefits provided to employees. These agreements simplify settling tax liabilities on minor, irregular, or impractical expenses and benefits, ...
READ MOREThe burden on small and medium-sized enterprises (SMEs) is already quite heavy due to the current economic climate, but it may worsen in the coming months, with potential changes to Capital Gains Tax (CGT) being considered in the October Budget. If ...
READ MOREThere have been a lot of political changes in recent months, but the outlook for small and medium-sized enterprises (SMEs) remains gloomy. According to recent research by Virgin StartUp, half of small business owners are worried their business might not survive ...
READ MOREThe recent announcement by the new Labour Government to introduce a National Wealth Fund has sent ripples of excitement throughout the business community. With £7.3 billion in funding from the UK Infrastructure Bank, this initiative promises to be a significant boon ...
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