The pressure is building on Making Tax Digital for Income Tax
You may have spotted it already. More adverts for accounting apps on television, more mentions of digital tax online and more noise around record keeping.
Income Tax
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The importance of acting quickly with the Self-Assessment return deadline fast approaching
The deadline for submitting an online Self-Assessment tax return is now only two months away, and many self-employed workers, sole traders and landlords will be turning their attention to their…
The importance of maintaining a business-as-usual position in times of economic uncertainty
The Autumn Budget is just around and while the uncertainty continues to grow around potential tax increases and further reform, you and your business should maintain a business-as-usual approach.
Making Tax Digital for Income Tax is nearly here – Are you ready for what comes next?
A big change is coming for anyone earning income through self-employment or rental property. From April 2026, if your earnings exceed £50,000, you will be required to comply with the…
Missed a tax deadline? Here’s what it might cost you
Tax deadlines can sneak up on even the most organised business owners, but if you are late filing or paying, the resulting penalties handed out by HM Revenue & Customs…
Income Tax reporting threshold set to rise – what it means for side hustlers
In a move that simplifies tax compliance and eases the burden on thousands of taxpayers, the Government has announced that the Income Tax Self-Assessment (ITSA) reporting threshold will increase from…