We are officially a few days into the 2026/27 tax year and directors need to be positive on how the latest reforms affect them.
Read More »Do you know how to manage the increased director’s loan tax charge?
Making Tax Digital (MTD) for Income Tax has now begun, years after it was first announced and when it was due to take effect.
Read More »Making Tax Digital has started – Are you ready for the first submission?
HMRC and Companies House have confirmed that from 1 April, all businesses must use compliant, commercial software to file their company’s tax returns. As of… Read More »Company tax returns and accounts have gone digital
Capital allowances continue to provide an effective method for businesses to reduce their tax bills, by providing incentives for investment in eligible expenditure – typically… Read More »Capital allowances – New rules for a new tax year
Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6… Read More »Government abolishes work-from-home relief
From the end of the 2025/26 tax year, 5 April 2026, you must report your dividend income accurately as part of wider personal tax reforms.… Read More »The dividend rules are changing – Disclosure rules on tax returns and new rates
For landlords and sole traders bringing in qualifying annual income over £50,000 (not including profit or dividends), Making Tax Digital (MTD) for Income Tax is… Read More »Making Tax Digital for Income Tax is now live – What next?
Further administrative changes are on the cards for close companies, as the Government seeks to gain a better understanding of previously difficult-to-distinguish transactions. Close companies… Read More »Close companies face additional reporting requirements
Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall below the annual qualifying income threshold.
Read More »HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax
Running your business can feel like a constant juggling act of trying to manage rising costs and staying on top of compliance.
