by AJN Accountants | Jun 14, 2024 | Business
From 6 April 2024 all unincorporated businesses (sole traders and partners in a partnership) are required to report profits or losses in line with the tax year. Businesses with an accounting period end other than 5 April or 31 March will need to report pro-rated...
by AJN Accountants | Jun 6, 2024 | Tax planning
HMRC has updated its guidance to clarify the tax position of reimbursed travel costs for hybrid workers. As many employees are now working from home at least part of the time, some employers are offering to repay certain travel expenses. HMRC’s updated guidance...
by AJN Accountants | May 24, 2024 | Accounting
Your company can request an advance assurance from HMRC before issuing shares to prospective investors to confirm eligibility for the EIS and SEIS schemes. While this is not mandatory, HMRC offers this discretionary service to help ensure your offering meets the...
by AJN Accountants | Apr 29, 2024 | Accounting
HMRC has confirmed the mandation dates for making tax digital for income tax self assessment (MTD SA) as announced in the Autumn Statement 2023. From April 2026, taxpayers subject to income tax on their trade, profession, property income or business and who have...
by AJN Accountants | Dec 11, 2023 | Accounting, News, Tax planning
A dramatic simplification of the MTD processes to be introduced in 2026 including no EOPS; cumulative submissions each quarter; and restrictions for complex situations. Taxpayers with turnover over £50,000 will be brought into MTD ISTSA from April 2026. The £50,000...
