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900,000 sole traders pulled into MTD for ITSA
The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This… Read more…
Labour introduces harsher penalties for late taxpayers
The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government
Labour introduces harsher penalties for late taxpayers Read More »
Should you submit your tax return at the start of this tax year?
Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax bill effectively. The earlier you
Should you submit your tax return at the start of this tax year? Read More »
Why capital allowances should be top of your to-do list this April
The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across the country. These changes will
Why capital allowances should be top of your to-do list this April Read More »
Change to dividend reporting to affect thousands of owner-managed businesses
From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect
Change to dividend reporting to affect thousands of owner-managed businesses Read More »
Spring Statement 2025
Chancellor Rachel Reeves today delivered her Spring Statement, outlining the Labour Government’s economic priorities and reaffirming a commitment to fiscal discipline and long-term investment. Billed
Planning your exit? Watch out for the BADR changes
If you are thinking about selling your business, timing could be everything. Business Asset Disposal Relief (BADR), formerly known as Entrepreneurs’ Relief, helps business owners
Planning your exit? Watch out for the BADR changes Read More »
Paying your employees will cost you more after 6 April
From 6 April 2025, changes to employer National Insurance Contributions (NICs) will take effect, increasing payroll costs for many businesses. If you employ staff, it
Paying your employees will cost you more after 6 April Read More »
Why you need to meet with your accountant before April
As the end of the tax year approaches, it is a good time to review your personal tax position and ensure you are making the
Why you need to meet with your accountant before April Read More »