Making Tax Digital for income tax – a guide for landlords
MTD for VAT-registered businesses was rolled out for those with turnover above the VAT threshold in 2019 and extended to all VAT-registered businesses in 2022.
What is MTD for ITSA?
The next stage of the initiative is Making Tax Digital for income tax and Self Assessment (MTD ITSA). This will require Self Assessment taxpayers to use government-approved software to file their tax returns digitally. They’ll also move from an annual return to quarterly returns.
If you are concerned about how any of the changes could affect your business, please contact The Hollies Bookkeeping Services on 01743 790086, email info@holliesbookkeeping.co.uk or visit www.holliesbookkeeping.co.uk
300,000 people to be taken out of tax returns in boost for side-hustlers
This week’s budget was one of the most anticipated in recent memory and the first for our new PM Keir Starmer.
With every type of tax, a potential target for our latest Chancellor, Rachel Reeves, small business owners nervously waited for the chancellor’s speech.
If you are concerned about how any of the changes in this Budget could affect your business, please contact The Hollies Bookkeeping Services on 01743 790086, email info@holliesbookkeeping.co.uk or visit www.holliesbookkeeping.co.uk
Hollies Bookkeeping celebrates 10 years of being a limited company
This week’s budget was one of the most anticipated in recent memory and the first for our new PM Keir Starmer.
With every type of tax, a potential target for our latest Chancellor, Rachel Reeves, small business owners nervously waited for the chancellor’s speech.
If you are concerned about how any of the changes in this Budget could affect your business, please contact The Hollies Bookkeeping Services on 01743 790086, email info@holliesbookkeeping.co.uk or visit www.holliesbookkeeping.co.uk
How will this week’s budget affect small business owners?
This week’s budget was one of the most anticipated in recent memory and the first for our new PM Keir Starmer.
With every type of tax, a potential target for our latest Chancellor, Rachel Reeves, small business owners nervously waited for the chancellor’s speech.
If you are concerned about how any of the changes in this Budget could affect your business, please contact The Hollies Bookkeeping Services on 01743 790086, email info@holliesbookkeeping.co.uk or visit www.holliesbookkeeping.co.uk
UK has record number of self-employed aged 60 or above
Rest Less has released information showing that the number of self-employed people aged 60 or over in the UK has reached a record level.
Over the last decade, these numbers have increased by over a third reaching 991,432 self-employed people aged 60 or over in 2023.
HMRC launches VAT Registration Estimator
If you are wondering how to become self-employed, here are six questions to ask before you take the freelancing plunge.
Becoming self-employed is a dream for many of us – even us here at The Hollies Bookkeeping in Shropshire! The benefits include working your own hours, fitting your job around your lifestyle and being your own boss. Generally, it’s a lot more flexible than working for someone else.
Here are six questions you should ask yourself before you quit the day job in favour of creating your dream role:
How to become self-employed
If you are wondering how to become self-employed, here are six questions to ask before you take the freelancing plunge.
Becoming self-employed is a dream for many of us – even us here at The Hollies Bookkeeping in Shropshire! The benefits include working your own hours, fitting your job around your lifestyle and being your own boss. Generally, it’s a lot more flexible than working for someone else.
Here are six questions you should ask yourself before you quit the day job in favour of creating your dream role: