VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead … Continue reading Too many businesses falling into VAT traps

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning … Continue reading 900,000 sole traders pulled into MTD for ITSA

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD … Continue reading Labour introduces harsher penalties for late taxpayers

Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax … Continue reading Should you submit your tax return at the start of this tax year?

The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across … Continue reading Why capital allowances should be top of your to-do list this April

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax … Continue reading Change to dividend reporting to affect thousands of owner-managed businesses