News and information.
From details on the latest government Budget to accountancy information, tax insights, and staff news, we've got you covered.
The national insurance tax cut
For employees, the national insurance cut announced in the Autumn Statement took effect on 6 January.CONTINUE READING
ISA reforms from April
Changes to individual savings account (ISA) rules coming into effect from 6 April 2024 will make ISAs more user friendly, most notably the move to allow multiple subscriptions of same-type ISAs in a tax year.CONTINUE READING
Making Tax Digital small business review
The outcome from the Making Tax Digital (MTD) small business review is that MTD for income tax self-assessment (ITSA) will not be extended to those earning under £30,000 for the foreseeable future.CONTINUE READING
Cash basis to become default
From 2024/25, restrictions to the cash basis will be removed, making it the default method for calculating trading profit for the self-employed and most partnerships.CONTINUE READING