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Top StoriesUK’s Sunak Hits Out at ‘smears’ Over Wife’s Tax Status
FinanceFacts About Foreign Bank Account Report (fbar) in 2022
Making Tax Digital 2022: What Do Businesses Need to Know?
Date: April 6, 2022
By Mark Blakemore, CFO at Compleat Software From April 2022, every small business which charges VAT will have to file accounts through the HMRC Making Tax Digital (MTD) scheme, which first launched for those businesses with a taxable turnover above the VAT threshold (£85,000 per annum) in April 2019. There are many businesses which this...
How SMEs Can Navigate the Next Stages of Mtd
Date: April 5, 2022
By Roan Lavery, CEO and Co-Founder, FreeAgent In a few short days, the next stage of Making Tax Digital (MTD) comes into effect. This will see SMEs and sole traders who have voluntarily registered for VAT being required to keep records and report VAT digitally, signifying a major change for many SME owners. MTD represents...
What Is a W3 Form and How to File It for Your Business?
Date: March 29, 2022
Most small businesses are well acquainted with Form W2 or Form W4, but what about Form W3? Sounds alien, right? Fortunately, if you are familiar with Form W2, Form W3 may seem like a piece of cake. That being said, a responsible taxpayer needs to have a strong understanding of liabilities. And the moment you...
UK’s Sunak, Under Fire Over Cost of Living, Defends His Tax Cut Plans
Date: March 28, 2022
LONDON (Reuters) -British finance minister Rishi Sunak on Monday defended the tax cuts he announced last week, after they were widely criticised for not helping the poorest households through the most severe hit to living standards since at least the 1950s. With the Russia-Ukraine conflict pushing up already high energy prices and putting British inflation...
Found Out How Professional Accountants Can Save You Money
Date: March 25, 2022
It’s tough running a business, particularly in the early days when you’re trying to gain new business, fulfill clients’ needs, and ensure that the back-end operation is running smoothly. While you might have already hired office staff and salespeople, you may see hiring a professional accountant as an unnecessary expense. However, you may not realize...
‘Indefensible’: UK’s Sunak Under Fire Over Response to Cost of Living Crisis
Date: March 24, 2022
By William Schomberg and Andy Bruce LONDON (Reuters) -British finance minister Rishi Sunak faced broad criticism on Thursday for not giving enough help to poorer households as the country heads for its biggest drop in living standards since at least the 1950s. After earning plaudits for his response to the coronavirus crisis in 2020, Sunak...