A world without tax accountants
Anecdotal evidence suggests that in the next 5 years the number of tax agents leaving practice will far exceed the number joining the profession
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What can you learn from HMRC’s input tax toolkit?
You know that penalties can be charged on careless errors and many mistakes relate to input tax being wrongly claimed. How can HMRC’s input tax guidance help your business to claim the right amount?
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A £3,000 side-hustle allowance: more generous than it looks?
People making money from small side businesses will have more room to earn without paying income tax, following a Budget decision to triple the trading allowance. However, the figure relates to what you receive before expenses, not the profit you keep. Will the £3,000 allowance actually save you tax?
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Electronic VAT return and payment due
Anecdotal evidence suggests that in the next 5 years the number of tax agents leaving practice will far exceed the number joining the profession. Here are two possible reasons why:
- increasing regulation of the profession
- Making Tax Digital (MTD) for income tax self-assessment.
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