Making Tax Digital for Income Tax – What You Need to Know (2025 Update) HMRC’s Making Tax Digital (MTD) programme is expanding, and from April 2026, sole traders and landlords earning over a certain threshold will need to follow new digital reporting rules. Here’s what you need to know: Who …
We have just launched a new and upgraded client portal. This amazing interface allows clients to have easy, secure, online access to sign and view documents, agreements, complete information forms and upload requested documents. It’s been a labour of love to put it together, but that aim has been to …
We have exciting news to share, a few weeks ago an opportunity came up for us to relocate to a bigger office back in Bridgwater. It came just as we had finally put the finishing touches on the office at the Forge and literally just installed a new window blind; …
Since the introduction of the client portal it has gotten easier to communicate with us and share documents. Although sometimes its just as easy to make a telephone call to us, it’s also nice to talk to a human. Our phone line is now fully staffed from 08:30 to 17:30 …
The government has announced tax changes to fund £12 Billion a year on average to be spent on the NHS and social care sector across the UK. National Insurance Contributions (NIC) will increase by 1.25% for one year for employees, employers and the self employed from April 2022. This will …
Time is counting down to the arrival of HMRCs Making Tax Digital (MTD) for Income Tax. Self employed businesses and landlords with an annual business or property income above £10, 000 will need to follow the rules for MTD for Income Tax from their next accounting period starting on or …
It’s official, we have unpacked the last box and can declare ourselves ‘moved in’. Thank you to all of our clients for bearing with us whilst we moved to our new office, as some projects had to be put on hold temporarily. A big thank you to our new landlord …
Accountants across the country have experienced tax headache after tax headache with the constant changes and introduction of new tax schemes from HMRC. From the evolving SEISS and furlough support scheme to the domestic reverse charge for the Construction Industry Scheme and the IR35 reforms for off payroll workers – …
Covid working pressures are still causing long delays within HMRC – we have been advised by their helpline staff, that there is still a 75 working day backlog on processing any paper forms and change requests, ie VAT484 forms etc. 75 working days in reality means 15 weeks, which is …
National Minimum Wage (NMW) record-keeping requirements update. With effect from 1st April 2021, the record-keeping requirements in the regulations (Reg. 59 NMW 2015) have been amended with a 2015 update. It has increased the period that an employer must retain records sufficient to establish that the worker is being remunerated …
