How do you know if you are exempt from Making Tax Digital (MTD)?
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…
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Millions of UK workers are overpaying tax every year
A new Freedom of Information requested from HMRC, released to the public has found that 5.6 million in the UK paid more tax than they…
As AI advances, why is it still better to use a human accountant?
We are now in that period of time between the start of the calendar year and the beginning of the tax year. All those financial…
HMRC records festive tax return frenzy
According to the latest statistics from HMRC, more than 4,600 Self Assessment taxpayers completed and filed their tax return on Christmas Day. They were part…
How will the changes to Agricultural Property Relief (APR) and Business Property Relief (BPR) impact you?
The Autumn Budget saw many individuals and businesses alike disheartened by measures that seemed to inhibit growth. However, just before Christmas, the Chancellor made an…
How small businesses can manage their cash flow effectively
Peak trading periods, such as Christmas, can often bring a welcome increase in sales, but they do not always guarantee consistent cash flow. For many…
If my business shrinks, should I deregister for VAT?
While we would like to be in a position where every business is on the fast track to growth, there are times when things need…
How the Autumn Budget wage increases will affect small businesses
The Chancellor’s latest Autumn Budget has struck small businesses once again with the increase to the National Living Wage (NLW) and National Minimum Wage (NMW). These…
Why you need to act now ahead of the Self-Assessment tax return deadline
The deadline for Self-Assessment taxpayers to submit their online tax return is just two months away and many self-employed individuals, sole traders and landlords will…