by Rachael Hayes | Mar 18, 2025 | Accounts, Tax
MTD IT - Frequently asked questions What is MTD IT? Making Tax Digital for Income Tax (MTD IT) is part of HMRC’s plan to modernise the tax system. It requires self-employed individuals and landlords to keep digital records of their income and expenses and submit...
by Rachael Hayes | Mar 18, 2025 | Accounts, Business, Tax
MTD IT - What it means for the self-employed. The UK tax system is evolving, and if you’re self-employed or a landlord, these changes could significantly impact how you manage your finances. Making Tax Digital for Income Tax Self-Assessment (MTD IT) is set to...
by Rachael Hayes | Jul 17, 2024 | Business, Tax
Payment on account, what does it mean and how does it work? ‘Payments on account’ as they are known are the advance payments you’ll need to make towards your self assessment tax bill if you’re self-employed. A main factor to understand is that these payments are for...
by Rachael Hayes | Jun 5, 2024 | Business, Tax
Is it actually cost effective to do my own books? You started out in business no doubt with a clear vision and purpose on how you would take your ideas and expertise forward. To develop your brand, wow your customers, work the hours that suit you and make yourself a...
by Rachael Hayes | Mar 4, 2021 | Budget, Business, COVID-19, Tax
Spring Budget 2021 Share this page: Coronavirus Support The furlough and self-employment income support schemes (SEISS) have been extended until the end of September. Furlough Employees will continue to receive 80% of the normal pay From July 2021,...
by Rachael Hayes | Nov 5, 2020 | Business, COVID-19, Tax
Financial Support Announced for Lockdown 2.0 Updated 5th November 2020 CONTACT US Financial Support Announced for Lockdown 2.0 Share this page: Rishi Sunak announced on the 5th November, the day England went in to the second period of lockdown, extended support...
