The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government… Read More »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 bill effectively. The earlier you… Read More »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 the country. These changes will… Read More »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 return. This change will affect… Read More »Change to dividend reporting to affect thousands of owner-managed businesses
1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage (NLW) and National Minimum Wage (NMW).
Read More »Are your payroll practices compliant with the new minimum wage rates?
Taxpayers who fail to pay their income tax under self-assessment on time will face higher penalties from April 2025. As announced in the latest Spring… Read More »Spring Statement: Late Payment Penalties to Rise to 10%
From 6 April 2025, directors of close companies will face a notable change in how they report dividend income on their Self-Assessment tax returns.
This week’s Spring Statement brought two announcements that will matter to anyone running their own business or earning income from property.
The end of the tax year is fast approaching, and if you are considering making personal pension contributions, it is important to plan ahead to avoid missing the deadline.
Read More »Time is running out to make personal pension contributions for the 2024/25 tax year
