MTD for Income Tax Self-Assessment: What you need to know
Making Tax Digital for Income Tax (MTD for ITSA) starts on 6 April 2026. MTD for Income Tax Self-Assessment is one of the biggest changes to UK tax reporting in decades. From 6 April 2026, many self employed individuals and landlords will need to submit quarterly digital updates instead of a single annual tax return.…
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What should I expect from my accountant?
Choosing an accountant is one of the most important decisions you can make for your business. But what exactly should you expect from them? And just as importantly, how can you get the most out of the relationship? A great accountant is more than just a number cruncher—they’re a strategic partner who can help your…
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Jobs accountants never expected to be doing
In the world of accounting, it’s essential to have more than just a surface-level understanding of our clients’ finances and business needs. Recently, we came across a great article on accountingweb.co.uk by their Community and Editorial Assistant, Molly MacFarlane, that really resonated with us. In our line of work, we get to know our clients…
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Exploring business structures: Sole Trader vs. Limited Company – unveiling the advantages and drawbacks
When starting a business, one important decision to make is whether to operate as a sole trader or set up a limited company. Both options have their own advantages and disadvantages. Let’s outline the key differences between the two
The VAT registration conundrum: Should I, or shouldn’t I?
VAT is a tax that is charged on goods and services in the UK. Many businesses are required to register for VAT if their turnover exceeds a certain threshold, but there are some benefits and drawbacks to being VAT registered.
