by AJN Accountants | Apr 23, 2025 | Tax Planning
In just over a year the first tranche of sole traders and landlords will be required by law to keep digital records to comply with the requirements of Making Tax Digital for Income Tax (MTD IT) From April 2026, taxpayers with qualifying trading and property income of...
by AJN Accountants | Apr 16, 2025 | Accounting
With changes to employer’s National Insurance and the Employment Allowance, now is the time for businesses to review the most tax efficient mix of salary and dividends for directors. From 6 April 2025 the secondary Class 1 National Insurance threshold reduces from...
by AJN Accountants | Apr 9, 2025 | Business
The Government has announced plans to increase the threshold above which income from self-employment must be reported via self assessment. Currently, if you earn over £1,000 from self-employment, or a so-called ‘side hustle’ such as babysitting or dog...
by AJN Accountants | Mar 31, 2025 | VAT
For many small business owners, VAT registration is seen as something to avoid until absolutely necessary. However, voluntarily registering for VAT before reaching the £90,000 threshold (from April 2024) can offer several benefits—depending on your business model. In...
by AJN Accountants | Mar 3, 2025 | Tax Planning
From 6 April 2025, the UK will introduce a residence-based system for inheritance tax (IHT), replacing the current domicile-based rules . This change significantly impacts individuals who have been UK residents for an extended period, as well as trusts holding non-UK...
