News

Too many businesses falling into VAT traps

2 April 2025

VAT is complex, and too many businesses are making costly, avoidable mistakes. Even a simple oversight or misunderstanding can lead to penalties, cash flow problems,...

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900,000 sole traders pulled into MTD for ITSA

2 April 2025

The Government has confirmed that Making Tax Digital (MTD) for Income Tax will apply to sole traders and landlords earning over £20,000 a year. This...

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Labour introduces harsher penalties for late taxpayers

2 April 2025

The Chancellor’s Spring Statement introduced harsher penalties for late taxpayers under Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). With the Government...

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Should you submit your tax return at the start of this tax year?

2 April 2025

Submitting your Self-Assessment tax return at the start of this tax year is a great way to manage your tax bill effectively. The earlier you...

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Why capital allowances should be top of your to-do list this April

2 April 2025

The new financial year will see many of the proposed changes announced in the Autumn Budget enacted, impacting businesses across the country. These changes will...

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Change to dividend reporting to affect thousands of owner-managed businesses

2 April 2025

From 6 April 2025, many directors will need to report dividend income in much more detail in their Self-Assessment tax return. This change will affect...

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Are your payroll practices compliant with the new minimum wage rates?

2 April 2025

1 April 2025 signalled the first wave of payroll changes for businesses to contend with this year, including the increase to the National Living Wage...

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