Are you keeping on top of the increased director’s loan tax charge?
The new 2026/27 tax year has finally arrived and it has brought an array of tax changes with it.
Tax
Continue reading
Now that Making Tax Digital is compulsory, are you ready for the first deadline?
Making Tax Digital (MTD) for Income Tax has now become the compulsory way of handling tax filings for landlords, sole traders and self-employed individuals with a qualifying income over £50,000.
Sole traders and landlords offered cessation to compliance with Making Tax Digital for Income Tax
With the launch of Making Tax Digital for Income Tax just days away, HMRC has announced a new cessation option for sole traders and landlords who fall below the annual…
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.
Sales data for £55 billion of side hustle sales shared with HMRC
A new dump of sales data from leading online trading platforms, such as eBay and Airbnb, has been shared with HMRC as it continues to ensure small traders remain tax…
Capital Gains Tax rollover relief: Deferring tax when reinvesting in your business
When selling a business asset, one of the biggest concerns for many business owners is the Capital Gains Tax (CGT) that may arise on the disposal.