Making Tax Digital (MTD) might sound like just another rule to follow—but could it actuallymake your life easier? This blog post will break down how MTD can save you time, reduce stress, and help you stay in control of your finances. If you’ve ever scrambled… Read More »How Making Tax Digital Can Actually Save You Time (and Stress)
Starting in the 2025/26 tax year, new mandatory requirements will be introduced for sole traders and company directors filing self-assessment tax returns. These changes aim to enhance the data HMRC collects, ensuring greater transparency and accuracy. While some of these requirements were previously voluntary, they… Read More »New Tax Requirements for Sole Traders and Directors in 2025/26
If you’re running a company and wondering whether you qualify as “small” under the Companies Act 2006, you’re in the right place. Understanding whether your business qualifies for the small companies regime is crucial for determining the level of financial reporting and auditing requirements you… Read More »Understanding the Small Companies Regime Under the Companies Act 2006: A Guide for Business Owners
What is Making Tax Digital? Making Tax Digital (MTD) is a government initiative designed to streamline the UK tax system by digitising tax reporting and filing. Its ultimate goal is to reduce errors, improve efficiency, and make it easier for businesses and individuals to manage… Read More »Making Tax Digital
In 2022/23, HMRC have lost £5.5 billion of revenue. 81% (£4.4 million) of this loss was attributed to small businesses (companies, partnerships and sole traders). In the years since, tax evasion among small business has increased, although it does remain stable across other sizes of… Read More »Tackling Tax Evasion: What are the key issues?
Starting a business is a stressful and exciting time. There are so many things to consider – branding, employees, strategy, and more. This blog will outline some of the key things you should be thinking about when starting your own business in terms of financial… Read More »What to Consider When Starting a Business
The Autumn Budget – the first budget from the new Labour government – is due to be announced on the 30th October 2024. The chancellor is anticipated to announce significant tax changes and measures to raise revenues for the government. But what does this mean… Read More »Pre-Budget Considerations for Clients in England and Wales
Disclaimer: This blog uses information that may be out of date – check our latest blogs for current information. As a business owner in the UK, managing your finances can be a daunting task. From keeping accurate records to filing tax returns, there are many… Read More »Why using an external accountant is good for your company.
Disclaimer: This blog uses information that may be out of date – check our latest blogs for current information. In the United Kingdom, the tax system is based on the principle of paying taxes based on one’s income and wealth. The UK tax system is… Read More »United Kingdom Tax Rules: A Comprehensive Guide
Disclaimer: This blog uses information that may be out of date – check our latest blogs for current information. What is tax avoidance? Some people try to bend the rules of the tax system to pay less tax than they should. How to spot tax… Read More »Tax avoidance – don’t get caught out