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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Hiring a Bookkeeper can improve your health
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

Hiring a Bookkeeper can improve your health

It has actually been proven that hiring a bookkeeper can improve your health!

Yes, you heard us right! And we are going to tell you how and why! Getting help with your books might not be something you have given much thought to as ways to improve your health and lifestyle go.

But speaking to our clients, they often tell us that as business owners, the last thing they want to do at the end of a busy day is crunch the numbers.

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Benefits of Updating Bookkeeping and Accounting Records
HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley HMRC Updates, compliance, HMRC, Self assessment, bookkeeping, Tax, accounting Catherine Buckley

Benefits of Updating Bookkeeping and Accounting Records

Every business should regularly update its bookkeeping and accounting records, so business leaders can make the right decision with the figures and future of the business.

Without updated books, any decision regarding product lines, pricing or customer capacity is really just a guess!

Here are three big benefits of updating bookkeeping and accounting records on a regular basis and some tips to get you started with your bookkeeping for your business.

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