With the start of the new tax year, taxpayers can expect significant changes that will directly impact their finances in the next tax year (2024/25).… Read More »New tax year – New tax rules

The introduction of Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) is going to create some upheaval within the SME sector. No doubt,… Read More »What are the implications of MTD for ITSA for SMEs?

In a significant development for the hospitality industry, the Employment (Allocation of Tips) Act 2023 (the Act), which received Royal Assent on May 2, 2023,… Read More »The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector

The initial provisions of the Economic Crime and Corporate Transparency Act 2023 came into effect on 4 March 2024. These updates mandate that from 5… Read More »Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect

If you are a business owner and work or run your business from home, then you may be entitled to reclaim VAT on certain costs.… Read More »Run your business from home? Get to know your VAT entitlement

Following changes to the Working Time Regulations 1998 in January 2024, further amendments are set to come into force on 1 April 2024 relating to… Read More »Holiday accrual to come in for zero-hours workers

You may have already heard that the Chancellor, Jeremy Hunt, has announced an end to the preferential tax treatment that non-domiciled individuals (non-doms) currently receive.… Read More »Overhaul of non-dom tax status – What does it mean for those affected?

The Chancellor delivered his 2024 ‘Budget for long-term growth’ in the face of an upcoming general election. Although the headlines have been dominated by the… Read More »Spring Budget ushers in property tax shake-up