Making tax digital threshold reduced to £20,000
Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000. The Budget confirmed that taxpayers with qualifying income of £50,000 or more will be...
Important update on Xero subscription changes effective 12 September 2024
As part of our ongoing commitment to keep you informed about changes that may affect your business, we want to let you know about some upcoming adjustments to Xero’s subscription plans, effective from 12th September 2024. These changes include updates to the...
Making Tax Digital: quarterly update returns
HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD ITSA) as announced in the Autumn Statement 2023.
MTD for income tax is nearly here. Get ready for MTD!
Making Tax Digital (MTD) is moving along at place, taking effect for income tax for many from April 2024. What else is on the horizon for business and what can you do to get ready for MTD?
Record keeping | Why it’s essential for your business
Whether you’re self-employed or running a large company, good record keeping is vital. In this blog we’ll set out the main records you need to keep, the advantages of good record keeping, and some tips for improving your system.