Preparing for the New Tax Year Basis

6th February 2023 by Joanne Stoneman

The rules HMRC use to work out sole traders’ and partners’ profits for Income Tax in a Self-Assessment return are changing for many businesses from the tax year 2023 to 2024 onwards.

MTD for Self-Assessment delayed

2nd February 2023 by Joanne Stoneman

Government announces more time to prepare for Making Tax Digital for Income Tax Self-Assessment becoming mandatory

Self-employed National Insurance Rates

2nd February 2023 by Joanne Stoneman

The GOV.UK guidance has been updated for self-employed people. This is in line with the previously announced National Insurance threshold changes affecting both the 2022 to 2023 tax year and the 2023 to 2024 tax year.