The Government has confirmed that important changes to Companies House filing requirements will now take effect from April 2028 (rather than April 2027), giving small companies and micro-entities additional time to prepare for the new rules. One of the most significant changes is the requirement for small companies and micro-entities to file a profit and loss account with Companies House. This marks a substantial change from the current position, where many smaller businesses

Understanding dividend tax is important for anyone who receives income from shares in a company. Dividends are taxed differently from salary, pensions and other forms of income, with their own allowances and tax rates. For the 2026-27 tax year, individuals do not pay tax on dividend income that falls within their Personal Allowance of £12,570. In addition, there is a separate dividend allowance of £500. Dividend income received above these allowances is generally subject to t

I don’t know about you, but I’m really looking forward to spring! More sunshine, longer brighter days and more colour! Spring is the...

Companies House is introducing significant reforms aimed at enhancing the integrity of the UK’s corporate register. These changes are...

What Is MTD ITSA, and How Will It Affect Self-Employed Individuals? MTD ITSA stands for Making Tax Digital for Income Tax Self Assessment...

MTD ITSA FAQ: Everything You Need to Know 1. What is MTD ITSA? MTD ITSA (Making Tax Digital for Income Tax Self Assessment) is part of...

We’re in the second month of a new year and January went past in the blink of an eye. I’m not sure about you but I feel like my feet...

The New Year is a perfect time to reassess your business goals and align them with your financial aspirations. Whether you’re just...

For many sole traders and small business owners, the self-assessment tax return deadline is a dreaded period filled with stress,...