Making Tax Digital for Self Employed: What's Changing? Self-employed professionals are facing a significant change in how they manage their taxes. Making Tax Digital (MTD) for self-employed individuals introduces new digital requirements that will transform tax reporting. Here's your comprehensive guide to navigating these changes - written in plain English so that it all makes...Continue reading
What even is Making Tax Digital? This article will break down Making Tax Digital for Income Tax Self Assessment (MTD ITSA) in a way that won't make your head spin. Let's make this tax talk less scary and more straightforward to understand. What's the deal with Making Tax Digital? Aside from being a mouthful for...Continue reading
In my limited company McCarthy Browne Ltd, I know how to be completely on top of the company’s books at the end of the year. As a part of my business, I had thick skin for the beginning of the year when I embarked on an accuracy and promptness route of year-end accounts. I promise...Continue reading
I own a limited company, and I’ve gone through the maze of Value Added Tax (VAT) compliance. From my own account, it was the one that taught me that this subject matter had to be mastered for business to turn heads and make money. In this article, I will contribute to the discussion on VAT...Continue reading
Managing directors’ pay in the UK can be complex, especially when deciding between salary and dividends. For limited company directors, balancing these two forms of compensation is essential for minimising tax liabilities and ensuring compliance with HMRC regulations. You can read all the details on the gov.uk website; however, this article will walk you through...Continue reading
As a limited company director, you are entrusted with significant responsibilities. Whether you are a seasoned business owner or recently appointed, understanding your legal and financial obligations is crucial for ensuring your company’s success and avoiding potential legal pitfalls. This guide will explore the key duties you need to be aware of, providing a clear...Continue reading
[et_pb_section admin_label=”section”] [et_pb_row admin_label=”row”] [et_pb_column type=”4_4″][et_pb_text admin_label=”Text”] Running a limited company comes with numerous responsibilities, and one of the key priorities for any business owner is minimising tax liabilities. By using intelligent, tax-efficient strategies, limited company directors can legally reduce the amount they pay in taxes, maximising profits and savings. This article explores several ways...Continue reading
As a business owner in the UK, one of the most important financial responsibilities is staying compliant with Pay As You Earn (PAYE) and National Insurance Contributions (NICs). These obligations are not just necessary for legal compliance; they also ensure that employees’ rights are protected and contribute to vital public services. Navigating the complex world...Continue reading
In the UK, payroll compliance is a matter of correctness. It is a fundamental and legal requirement that ensures the business remains transparent, the employees are paid accurately and promptly, and HMRC is satisfied with their tax dues. This discussion guide has been published to make the timeliness and essential payroll deadlines of limited companies...Continue reading
