Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) represents a significant shift in how individuals, including landlords, must report their income and manage their tax affairs.
Short-term let owners to face new planning permission requirements
For owners of an Airbnb or other short-term let properties, new planning legislation is set to come in by Summer 2024, which could lead to new fees and penalties for non-compliance.
Starting a business: the complete checklist
The UK economy is built on SMEs and innovative entrepreneurs. In 2022/23, over 800,000 new businesses were registered nationwide, an increase of 6.4 per cent on the previous period. SMEs are significant contributors to wider economic health and their continued existence and growth can be evidence of a thriving, innovative society.
Investing in skills – Why SMEs should embrace apprenticeships
Alternative routes to employment are in the National Apprenticeship Week spotlight this week. Do you think apprenticeships are right for your business?
New payrolling of Benefits-in-Kind (BIK) system: A guide for SMEs
From April 2026, small and medium-sized businesses will be required to report and pay taxes on employee benefits like company cars and accommodation directly through their payroll software.
What SMEs can do in the event of a recession
While the end of 2023 saw inflation slow down, experts have warned that the chances of a recession in the coming months are more likely.
How does your locus of control influence entrepreneurial success?
Running a small business involves a lot more than juggling logistics. Knowing how to tackle and overcome challenges is an essential aspect of entrepreneurship.
How SMEs should prepare for and handle tax investigations
Between the 2020/21 and 2022/23 tax years, there was a 21 per cent rise in tax investigations into SMEs, highlighting the fact that HM Revenue & Customs (HMRC) has ramped up its interest in this area.
What businesses need to know about recent updates to payroll
The Department for Business and Trade has recently released feedback on two major consultations concerning payroll and holiday entitlements.