Making tax digital threshold reduced to £20,000

Making tax digital threshold reduced to £20,000

Many more sole traders and landlords will be required to comply with making tax digital (MTD) for income tax when the qualifying income threshold is reduced from £30,000 to £20,000. The Budget confirmed that taxpayers with qualifying income of £50,000 or more will be...
Record keeping | Why it’s essential for your business

Record keeping | Why it’s essential for your business

Whether you’re self-employed or running a large company, good record keeping is vital. In this blog we’ll set out the main records you need to keep, the advantages of good record keeping, and some tips for improving your system.