How Does Making Tax Digital Affect Landlords?

Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is going to transform the way landlords and business owners report what they earn to HMRC. Despite the confusing acronyms, it’s vital that business owners and landlords familiarise themselves with Making Tax Digital and what it means for them, so they can be fully compliant…

Using the Government’s Help to Grow Scheme for your Business

The UK government’s ‘Help to Grow’ scheme aims to help business get back on track following lockdowns. Mainly targeting SMEs, the scheme hopes to help small business reach new customers, learn more skills, and ultimately boost profits. How is Help to Grow set to benefit UK businesses? Help to Grow is about giving small businesses…

How Do I Register for VAT?

Value Added Tax (VAT) is what’s known as a type of ‘consumption tax’ – a form of tax applied to eligible goods and services. Fortunately, not all businesses need to register for VAT – only those whose taxable turnover reaches the registration threshold. When a business reaches this point, there are several ways in which…