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A VAT registered businesses whose turnover is under £1.3 million can apply to use the VAT Annual Accounting Scheme. The attraction is that it means you only submit one VAT return each year and pay a... read more

Increased tax for landlords will start to hit home this year now that, from 6th April 2017 -to April 2020, HMRC are progressively reducing the deduction for finance costs to the point that you will... read more

For some time now, unincorporated businesses have been able to submit simplified accounts in order to settle their tax liabilities. The main advantage of using this system is that income and expenditure is based on... read more

Budget changes you may not realise have happened ... As is usual when a general election is called, the government had to decide, with the approval of the opposition, what legislation can be passed into law... read more

The current tax year, 2017-18, is the last year we have to prepare for the advent of the new reporting system, Making Tax Digital for Business (MTDfB). Following the recent budget, it is now clear... read more

Abolition of Class 2 NICs from April 2018 is one small step towards simplifying the system for the self-employed. Class 4 NICs will also be reformed to include a new threshold, the small profits limit... read more

We don't often blow our own trumpet but we are delighted to be recognised as one of the 100 Top Tax Blogs worldwide. And we are in some very illustrious company in the list of... read more