Business Process

Your first MTD quarterly update – what needs submitting by 7 August?

Making Tax Digital for Income Tax is now live and, for many sole traders and landlords, the first major deadline is fast approaching. If you’re required to use MTD for Income Tax from the 2026/27 tax year, your first quarterly update must reach HMRC by 7 August 2026. But what exactly are you submitting? How accurate do the figures need to be? And is this simply a mini tax return four times a year? Let’s clear up some of the confusion.

The future of accountancy: moving from compliance to advisory in the AI era

For decades, the role of the accountant has been clearly defined - centred on compliance, accuracy, and the preparation of historic financial information. But today, that model is being fundamentally reshaped by technology, client expectations, and the rapid advancement of artificial intelligence (AI).

Top financial resolutions for 2025 -How to make them stick

Are you one for New Year resolutions? We kick off 2025 with a look at the most effective financial resolutions you can make and how to make them work for your business all year round.

Are you building a home office? What you need to know.

As home working becomes more common, many people are considering building a dedicated office space at home. Whether it's converting a spare room, an attic, or even constructing an office in the garden, there are important tax considerations to keep in mind. Understanding these will help you make informed decisions and maximise potential reliefs. This article takes a look at a few of these implications.

Impact of New Company Size Thresholds on Your Business

There's encouraging news on the way for companies who are currently just over the UK's official company size thresholds. From October 2024, the government plans to raise those thresholds. What does this mean? How will companies be affected?

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