In December 2022, the plans for Making Tax Digital for Income Tax Self-Assessment changed again, as the Government announced that instead, MTD ITSA would be introduced in mandatory phases from 6 April 2026, as opposed to 2024.
Starting your own business can seem daunting, especially when it comes to finding funding.
Read More »Everything you need to know about Government Start Up Loans
Tax disputes can be a significant drain on resources for any business, and with recent data suggesting that over 60 per cent of businesses are currently embroiled in a tax dispute with HM Revenue & Customs (HMRC) that has lasted more than a year, this is clearly a widespread issue.
Read More »How businesses can navigate and avoid tax disputes with HMRC
Currently, if someone dies before the age of 75, their pension can be drawn out by beneficiaries’ tax-free, as it is exempt from Inheritance Tax and Income Tax if it is under the Lifetime Allowance (LTA).
Read More »Beneficiaries could see inherited pensions taxed as new proposals by HMRC are published
The financial landscape in the UK, as well as globally, is in a constant state of change.
Read More »Understanding ESG investments – What should you know?
In the ever-changing business landscape that we see today, merely reacting to events as they occur is not enough.
Read More »Ensuring your small business is prepared for the future
Exiting a business is a significant milestone for any entrepreneur or business owner.
Read More »Exit strategies – What should you consider for when the time comes?
As an owner or director, it may be possible for you to pay less tax on your income from your company through dividends.
Read More »Understanding salary and dividend payments for business owners and directors
In the world of entrepreneurship and small businesses, technology continues to revolutionise the way we manage our operations.
Setting up a new business is not merely about innovative ideas or immense passion. It also demands careful planning and research.
