Category: Virtual Support

The rollout of Making Tax Digital (MTD) is set to impact millions more self-employed individuals and landlords, with those earning as little as £20,000 facing mandatory quarterly filings by 2028.

Late payment penalties for taxpayers in the UK are set to escalate starting from the new tax year, as announced in the latest Spring Statement by the Chancellor. Effective from April 1st, these changes will significantly impact those who fail to settle their tax obligations promptly.

Making Tax Digital (MTD) for income tax self-assessment (ITSA) has been on our radar for years, with it being deferred on several occasions, however it now does seem that it will be imposed on us from April 2026, and landlords should note that it not just for trading profits, the new rules will apply to property income too.

Big Tax Changes for Double Cab Pickups in 2025 – What You Need to Know.

As the tax year draws to a close, it’s easy to get caught up in things outside of our control.

When trying to do something nice for your employees, like a day out, a celebratory dinner or perhaps a gift for a baby shower, the last thing you want to do is affect their PAYE tax code; paying tax on a gesture takes the shine off!

If you’re a new parent, congratulations! Apparently, around 2,000 babies are born on 26 September each year – more than any other day.

HM Revenue and Customs (HMRC) have issued a press release debunking some common myths about whether or not someone needs to register to complete a self-assessment tax return.

Effective from 1st June 2024.

Keeping your accounting records up to date can feel like a chore, but when your bookkeeping is kept up to date, you and your business can gain some significant benefits.