Making Tax Digital for income tax – a guide for landlords
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

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

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300,000 people to be taken out of tax returns in boost for side-hustlers
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

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

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Hollies Bookkeeping celebrates 10 years of being a limited company
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

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

Read More
How will this week’s budget affect small business owners?
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

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

Read More