Most businesses only start thinking about VAT when their turnover gets close to the registration threshold. Currently, you must generally register for VAT if your VAT taxable turnover exceeds £90,000 in a rolling 12-month period. But you don’t have to wait until then. You can choose to register voluntarily while your turnover is still below…
One of the biggest causes of unnecessary stress for business owners is receiving a tax bill without having enough money set aside for it. It’s easily done. You look at your business bank balance, see that there’s plenty of cash available and assume you’re in a healthy position. The problem is that some of that…
A full diary, new enquiries coming in, sales increasing, more work in the pipeline. For most business owners, these all feel like signs that things are going well. And they can be. But there’s an important question to ask: is all that extra work actually making your business more profitable? Being busy and running a…
Making Tax Digital for Income Tax (MTD) has been talked about for years. But for some landlords, it is no longer something to prepare for in the future, it is already here. From 6 April 2026, Making Tax Digital for Income Tax began applying to landlords and sole traders whose qualifying income is above £50,000.…