The Latest Tax News

Sustainability for SMEs in the UK: How Small Businesses Can Save Money and Help the Environment

Sustainability is no longer a trend or a luxury for big corporations – it’s becoming a vital part of running a successful business, regardless of size. For small and medium-sized enterprises (SMEs) in the UK

New Rules on Tips, Gratuities and Service Charges

If you have a business where your staff receive tips, gratuities and service charges (“tips”) there are important changes in force from 1 October 2024.

Client Spotlight: Supporting SecureIT Consult’s Growth and Saving Thousands on International Payments

About SecureIT Consult SecureIT Consult is a comprehensive IT and enterprise solutions provider, offering services that range from Cloud Computing to Cybersecurity. Their approach covers all potential vulnerabilities within an organisation, ensuring a secure, optimised infrastructure. In addition to their technical solutions, SITC provides exclusive consultancy and training services, tailored to meet the specific needs of …

Making Tax Digital

MTD for income tax reporting

HMRC are currently consulting on the precise details of what needs to be reported each quarter. As expected, it seems the accounting software will need to record and report

Making Tax Digital update

Making Tax Digital (MTD) for VAT has been with us since April 2019, with the extension to all VAT registered businesses from April 2022.

MTD for income tax – Quarterly information to be reported by businesses

Making Tax Digital (MTD) for Income Tax will apply to sole traders, property landlords and certain other businesses with gross turnover and/or property income over £10,000 a year and will commence in April 2024.

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