With a threshold set at £90,000 per annum, most British sole traders are not registered for VAT, and so have not yet been affected by the MTD (Making Tax Digital) rules in place since 2019. This is set to change from...
Making Tax Digital (MTD) is an ambitious initiative, launched by HMRC in 2019, to overhaul and modernise the UK’s tax system by requiring businesses to submit tax information electronically, and to maintain digital...
Making Tax Digital, or MTD, requires VAT registered businesses and self-employed individuals above a certain income level (from April 2026) to use specific software to keep...
At the risk of appearing to be late for the party, Making Tax Digital (MTD) is already an active requirement for many UK businesses. MTD became mandatory in April 2019 - the VAT...
Making Tax Digital (MTD) is the biggest shakeup in tax reporting obligations for a generation, changing the ways that many businesses are required to keep records and submit VAT...
Running a small business is the aspiration of many people, but as anyone who’s attempted it will no doubt confirm, the ‘back-office’ side of business ownership can be challenging....
For many SME owners, the question ‘do I need a bookkeeper or accountant?’ is one that often comes up, especially as the company grows and their financial responsibilities...
The Body Shop is one of the unlikely retail success stories of the Post-Covid era, a rare example of a household name retailer bouncing back from administration while so many...
If you regularly use a car for work, it’s worth thinking about whether to invest in a company car through the business, or continue to use your own car and reimburse yourself for...
Accuracy in accounting is crucial. However, it is also an area that is fraught with challenges, and can create significant stress for many SME owners. Professional accountants are...
