Making Tax Digital(MTD) is creeping over the horizon, and April 2019 will be here before you know it. Yet, even with the deadline looming, I’m still being asked about the best way to prepare – especially if you’re using spreadsheets. Now, in my opinion, making the switch to a fully cloud-based accounting software platform is […]
As I wrote in this blog post last year, the impending introduction of Making Tax Digital (MTD) ought to be viewed as an exciting development – and not something to be feared. All being well, it should streamline tax administration, minimise errors, and give business owners access to up-to-date and accurate numbers. And it all kicks […]
We’ve all sat in our pyjamas on a rare day off, cup of tea in hand, watching ‘Homes Under the Hammer’ and thinking “You know what? I could do that…” But how many of us actually do it? If you’re one of the few motivated enough to give property development a go after listening to […]
The tax and interest treatment for property owners has long been an ever-changing subject, especially in the recent Budget and Statement announcements. With legislation being announced, dropped, changed and muddled, it’s any wonder property landlords are wondering what is the best move for them. We’ve already covered why incorporating your buy-to-let business might not be […]
Bad advice and a more proactive (some might say, ruthless) HMRC can be a dangerous mix. And I think that you only have to look to the recent changes made to Income Tax rules for landlords to see this in action.
I read recently that almost a quarter of UK businesses haven’t heard of Making Tax Digital (MTD). What’s more, 66% of the businesses surveyed only know a handful of details about the programme, or simply recognised the name, while 25% of those aware of MTD have made absolutely no preparations. So, I’m here to set the […]
As I’ve grown my own business over the years, I’ve come into contact with a great many owners, leaders, and entrepreneurs. And I’ve noticed something that often separates the best from the rest; their ability to handle change. And no, I don’t mean 5, 10, and 20 pence pieces – although look after the pennies […]
Take it from me – running a small business has never been more challenging. I’ve been in business long enough to know that growing profits against the backdrop of today’s volatile political and economic landscape is no mean feat. But whether you’re operating from a relatively comfortable position, or you’re tightrope walking a razor-thin profit […]
You may recall the news last summer about a new data protection regulation that’s set to come into effect from 25 May, 2018. It’s called the GDPR, which stands for the General Data Protection Regulation. Its purpose is to protect the data of individuals within the European Union, and any thoughts that Brexit might kick […]
