Extension to MTD for ITSA
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords …
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is introduced progressively from 6 April 2026. It will require unincorporated traders and landlords …
As the 2024/25 tax year has now come to an end, individuals who need to file a Self Assessment tax return for that year can …
Employers who provided taxable benefits and expenses to employees in the 2024/25 tax year need to meet compliance obligations in respect of those benefits. The …
The off-payroll working rules apply where a worker provides their services to a medium or large private sector company or to a public sector body …
Employees may pay for the fuel that they use for business journeys undertaken in their own car or in a company car. Often, an employer …
If, as an employer, you provided employees with taxable expenses and benefits in the 2024/25 tax year, you will need to ensure that you meet …
Employees with a company car available for their private use pay tax on the benefit. The amount that is charged to tax is a percentage …
The official rate of interest is a rate set by HMRC which is used to calculate the benefit-in-kind tax charge on cheap employment-related loans, and …
Putting money into a registered pension scheme can be tax-efficient. Individuals can make contributions in their own right, or even for someone else, and employers …
Last October Chancellor Rachel Reeves announced some far-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to …
As an entrepreneur, maintaining accurate and up-to-date financial records is crucial for the success of your business. Whether you’re just starting out or managing a growing business, effective bookkeeping allows you to stay on top of your finances, avoid costly errors, and comply with HMRC regulations.
Accounting is the backbone of any successful business. Without proper financial management, it can be difficult to track cash flow, manage taxes, and plan for the future. Here are some of the key reasons why hiring an accountant for small business in Woolwich is essential