Category Archives: Latest News

Do I Need to Sign Up to Making Tax Digital?

do i need to sign up to making tax digital?

Because it’s gone a bit quiet now ‘Do I Need to Sign Up to Making Tax Digital?’ isn’t a question I hear anymore. But, with the government’s push towards digitalisation of tax processes, MTD is still an important aspect for businesses and individuals alike. In this blog post, I’ll break down what MTD is, who […]

Disadvantages of Voluntary VAT Registration

Disadvantages of Voluntary VAT Registration

As an accountant specialising in taxation, I often get clients who are considering voluntary VAT registration. While VAT registration can offer certain benefits to businesses, it’s crucial to weigh the advantages against the potential drawbacks. In this blog post, we’ll explore the disadvantages of voluntary VAT registration and why it may not be the right […]

Do I Need to Register for VAT?

do i need to register for vat?

One of the most common questions I get from small business owners is, “Do I need to register for VAT?”  It’s a crucial question that can have significant implications for your business’s finances and compliance obligations. In this post, we’ll guide you through the key factors to consider when determining whether VAT registration is necessary […]

2024 Spring Budget

2024 Spring Budget

Last week, the Chancellor made his 2024 Spring Budget speech, setting out the government’s plans. These include bringing forward a series of reforms to ensure the tax system is simple, fair and keeps pace with economic developments. Personal Tax in the 2024 Spring Budget Speech National Insurance contributions (NICs) The government has announced a cut […]

Rental Income

Rental Income

Whether you’re a seasoned property investor or a first-time landlord, understanding the tax situation when it comes to your rental property is crucial for optimising your returns. In this guide, we will delve into the key aspects of rental income in the UK and explore strategies to maximise your profitability. Understanding Rental Income Rental income […]

Allowable Expenses for the Self Employed

Allowable Expenses for the Self Employed

Managing your finances effectively is crucial for the success and sustainability of your business. When working for yourself, a key aspect of that is understanding and taking advantage of allowable expenses. In this blog post, we’ll delve into the world of allowable expenses for the self employed, helping you navigate the complexities of the UK […]

What travel expenses can I claim?

What travel expenses can I claim?

‘What travel expenses can I claim?’ is a question we’re often asked by clients So we thought we’d write this post to help you understand the answer to that very question. What travel expenses can I claim? Traveling for business or work-related purposes often involves a myriad of expenses, and understanding what you can legitimately […]

Should I Pay National Insurance Voluntarily?

Should I Pay National Insurance Voluntarily?

A question we’re often asked by clients is ‘Should I Pay National Insurance Voluntarily?’ In this latest post, we’ll explore the circumstances under which voluntary National Insurance contributions may be beneficial. This may help you make an informed decision about whether to pay voluntarily. National Insurance (NI) is a vital component of the UK’s social […]