The Treasury has confirmed that Making Tax Digital for income tax self-assessment (MTD for ITSA) will be delayed a further two years until April 2026. According to First Secretary to the Treasury Victoria Atkins, this phased approach will give businesses more time to...

The fundamentals of setting up a business. A side hustle is a piece of work or a job that an individual can get paid for in addition to their main job. From driving for a ride sharing company to tutoring online, copywriting, and more, a side hustle could be any...

A number of changes have been implemented to income tax in April 2023 that will affect taxpayers across the UK. Many of these measures were announced by Chancellor of the Exchequer Jeremy Hunt in his Autumn Statement on 17 November 2022. According to Hunt, these...

Living costs soared by 5.1% in the 12 months to November 2021 to reach their highest level since September 2011. The main rate of inflation, as measured by the Consumer Prices Index, increased 0.9% from the 4.2% recorded in the 12 months to October 2021. Forecasts...

Investing in research and development (R&D) formed a major part of Chancellor Rishi Sunak's Autumn Budget, although it contained little detail. "We have four of the world's top 20 universities, 14% of the world's most impactful research, and the second most Nobel...

New company car advisory fuel rates have been published to take effect from 1 December 2021. Petrol and diesel pence per mile rates, as well LPG rates, for all engine-size ranges have increased to reflect rising fuel prices. The diesel rate for company cars with...

On Black Friday (26 November 2021) - and with Cyber Monday a few days away - HM Revenue and Customs (HMRC) is urging shoppers to consider some top tips before they start browsing online to ensure they’re not hit with unexpected customs charges and end up over budget...

The cost of living rose from 3.1% to 4.2% in October 2021 - the highest rate in almost 10 years - due to rising fuel and energy costs, according to new data from the Office for National Statistics (ONS). The consumer price index measure of inflation is now more than...

Small and medium businesses (SMBs) – the backbone of the global economy – risk being left behind in the race to Net Zero unless urgent action is taken to simplify carbon reporting and accounting. This is according to a new report from Sage, the market leader in cloud...