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Making Tax Digital – An Update

Making Tax Digital is coming......and it will affect you !   The Background to Making Tax Digital Increasingly, businesses see the benefits of digitisation. Millions of businesses are already banking, paying bills and interacting with their customers or suppliers...

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Changes to the Rent A Room Scheme

Rent a Room relief provides up to £7,500 tax-free income that can be received from renting out a room or rooms in an individual’s only or main residential property. The government proposed scrapping or substantially amending the relief in a recent public consultation...

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Making Tax Digital – An Update and VAT

Making Tax digital is coming and those registered for VAT with turnover in excess of £85,000 will see the changes first... What will change for businesses under MTD? MTD for VAT From April 2019, businesses that are registered for VAT and have turnover above the VAT...

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Self Employed – Class 2 National Insurance

The Government announced that changes are being delayed... The Government has announced that it will be delaying the abolition of National Insurance Contributions for low-paid self-employed workers for a year. The delay relates to the removal of Class 2 National...

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My Fees – changing to monthly

Making Tax Digital is the biggest change to tax and accounting for over a decade. With changes coming to how businesses will have to maintain their records and how often HMRC will require figures to be submitted a fresh approach to how we all work is necessary... Most...

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Independent Taxation and Web Services Limited T/A Balloon Accounting.

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