by Juliet Wylie | 30th November 2021 | Landlords, Making Tax Digital, Self assessment, Sole trader
On 23 September 2021, the Income Tax (Digital Requirements) Regulations 2021 (S1 2021/1076) for MTD ITSA were passed by Parliament, opening the gateway for MTD ITSA to commence on 06 April 2024. This is a one year delay from the initial plan to introduce MTD ITSA to...
by Andrea Thomas | 12th October 2021 | Business Planning, Limited company, Sole trader, Start ups, Tips and Tricks, Who we are
Why the man down the pub won’t cut it As a small business owner, you’re working hard to build the best business possible. Part of this process is finding knowledgeable partners who can help you make big decisions. When it comes to something as important as your...
by Annie Upton | 26th July 2021 | Bookkeeping, Limited company, Sole trader, Start ups, Tips and Tricks
Being a bit cheeky about what business expenses can be claimed may seem harmless in the moment. For example, like most of us this past year you’ve been working from home. You’ve noticed a great spot just right for a hot tub outside of your home office window, so you...
by Andrea Thomas | 12th July 2021 | Limited company, Self assessment, Sole trader, Start ups, VAT
The Government Gateway is a central place where you can register to use online Government services. The User ID and password you receive as part of the sign-up process will enable you access many of HMRC’s digital services including your personal tax account. As best...
by Jennifer Grocott | 28th June 2021 | Limited company, Making Tax Digital, Sole trader, Start ups, Tips and Tricks, VAT
VAT can be a source of curiosity and confusion for business owners. Do you have to register for it or do you choose to? When is it necessary? And why? Is it a good thing? Though you can choose to voluntarily register for VAT at any time, there is a VAT registration...
by Georgi Rollings | 16th June 2021 | Making Tax Digital, Sole trader, Tips and Tricks, VAT
At the moment Making Tax Digital is only mandatory for VAT-registered businesses which are over the VAT registration threshold. And even then it is only a requirement for filing VAT returns. But is Making Tax Digital just for VAT? The short answer is no. MTD for VAT...