It is a step towards making HMRC the most technologically advanced tax administration in the world, and also marks the end of annual tax filing. How will MTD change the way things are done? Making Tax Digital aims to restructure the entire tax system in the UK, meaning businesses will...
Making Tax Digital - what you and your clients need to know. Information for Accountants ahead of MTD.
What is Making Tax Digital (MTD)? Making Tax Digital (MTD) has been introduced by HMRC to help individuals and businesses to get their tax right. It means many people are leaving their spreadsheets or paper records behind and moving over to a new system. ...
In the wake of late 2008 and early 2009, a new form of currency has come into the economic picture of the world. These are popularly termed cryptocurrencies. Cryptocurrency are digital currencies too, however the important distinction rests in the fact that unlike centralized money that is manag...
Making Tax Digital for Income Tax is part of the UK government’s long-running plans to digitalise tax. Doing so makes life easier for individuals and businesses who, because their records are digital, get improved visibility into their finances. This empowers better decision-making and the abil...
If it is superior, you can only claim (as an allowable expense) the amount that would enable you to replace items like for like. Having to complete and file a Self Assessment tax return is a pain that many landlords can do without. We can help. GoSimpleTax offers you an easier way ...
generated by a business issuing an invoice to a client. You’ll find invoice numbers on digital and paper invoices as a way to track payments. When the client makes a payment, they’ll reference this invoice ID number to see what the payment is for and to keep track of where their ...
Dodge New Year Credit Score Drops Learn from the experts how to protect your credit score while navigating the pressure to spend beyond your means. Jessica WalrackDec. 31, 2024 Signs of Fraud on Your Credit Report Act quickly to prevent scammers from accessing more information and do...
Is affiliate marketing taxable? First things first:you do need to pay taxes if you doaffiliate marketing. But how much tax you pay, and the way it’s collected, depends on where you live and work. When you receive payment from a selling company oraffiliate programowner, no tax has been...
What Is the Capital Gains Tax? A capital gains tax is a tax imposed on the sale of an asset. The long-term capital gains tax rates for the 2025 tax year are 0%, 15%, or 20% of the profit, depending on the income of the filer.1 ...