What are the implications of MTD for ITSA for SMEs?
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, some of you are already…
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The Employment (Allocation of Tips) Act 2023 – Understanding the impact on pay in the hospitality sector
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, is set to revolutionize tipping…
Economic Crime and Corporate Transparency Act 2023 – Companies House changes now in effect
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 March 2024, every company must,…
Run your business from home? Get to know your VAT entitlement
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. In practice, this means that…
Holiday accrual to come in for zero-hours workers
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 leave entitlement for workers on…
Overhaul of non-dom tax status – What does it mean for those affected?
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. At the moment, a non-dom…