Government abolishes work-from-home relief
Directors and employees claiming work-from-home tax relief will no longer be able to claim it from the start of the new tax year – 6… Read More »Government abolishes work-from-home relief
Charlie Flockhart
The dividend rules are changing – Disclosure rules on tax returns and new rates
From the end of the 2025/26 tax year, 5 April 2026, you must report your dividend income accurately as part of wider personal tax reforms.… Read More »The dividend rules are changing – Disclosure rules on tax returns and new rates
Making Tax Digital for Income Tax is now live – What next?
For landlords and sole traders bringing in qualifying annual income over £50,000 (not including profit or dividends), Making Tax Digital (MTD) for Income Tax is… Read More »Making Tax Digital for Income Tax is now live – What next?
Close companies face additional reporting requirements
Further administrative changes are on the cards for close companies, as the Government seeks to gain a better understanding of previously difficult-to-distinguish transactions. Close companies… Read More »Close companies face additional reporting requirements
Only 57 per cent of UK SMEs rely on accountants – Could you be putting your business at risk?
UK businesses are feeling the pressure right now of having to manage rising costs and remain compliant with new regulations.
How will close companies be affected by new reporting requirements?
New reporting requirements are currently under consultation for close companies that could see them managing increased administrative responsibilities.
Read More »How will close companies be affected by new reporting requirements?
Salary vs dividends: Are you paying yourself tax efficiently?
If you are running your own limited company, you will more than likely have the luxury to decide how you pay yourself.
Read More »Salary vs dividends: Are you paying yourself tax efficiently?
How is Making Tax Digital affected by maternity leave?
With it being the biggest overhaul of tax filings for decades, Making Tax Digital (MTD) for Income Tax is set to pull in more and more people over the course of the next few years.
Read More »How is Making Tax Digital affected by maternity leave?
Delaying Making Tax Digital for Income Tax registration could cost you more than you think
With less than three weeks away until Making Tax Digital (MTD) for Income Tax begins, the majority of affected taxpayers have still not registered.
Is HMRC going online-only for filings?
It is no secret that businesses are having to keep pace with a wide range of regulatory changes and updates that threaten to catch them out if they cannot stay compliant.