by Georgi Rollings | 29th January 2024 | Corporation tax, Limited company, Sole trader, Who we are
When you onboard with us, we’ll ask you to authorise us to file taxes on your behalf. We do this by linking our “agent access” login to each of your HMRC tax references. You might be wondering why we prefer to have our own agent access instead of logging into yours....
by Georgi Rollings | 24th July 2023 | Self assessment, Sole trader
HMRC have recently introduced changes to the basis period of taxation for certain businesses. Buckle up and grab a mug of something hot, because we’re going to dive into the details of how basis period reform could affect your business. Basis period reform will...
by Georgi Rollings | 15th June 2023 | Limited company, Self assessment, Sole trader, Start ups
If you’ve ever wondered what the difference is between your trading year and the tax year, your curiosity couldn’t have come at a better time. HMRC have recently introduced changes that make distinguishing between the two – and choosing the correct trading year...
by Georgi Rollings | 18th April 2023 | Making Tax Digital, Sole trader, Xero
Although the Making Tax Digital (MTD) for Income Tax Self Assessment deadline has been pushed back to April 2026, there are umpteen benefits to digitising your tax processes now. Whether you’re currently using computer-based spreadsheets or pouring over paper files,...
by Juliet Wylie | 27th October 2022 | Limited company, Making Tax Digital, Sole trader, VAT
Alas, there are yet more changes to get your head around. HMRC have now decided to change VAT late submission penalties, late payment penalties, and VAT interest charges. As if we didn’t have enough to worry about in this period of flux and seemingly endless...
by Georgi Rollings | 18th October 2022 | Landlords, Making Tax Digital, Self assessment, Sole trader, Start ups, Xero
Despite the current chaos in government all signs point towards Making Tax Digital for Income Tax Self Assessment – or the snappily named MTD for ITSA – going ahead from April 2024 as planned. Scarily that is now less than 18 months away. As accountants we...