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Most VAT-registered businesses are signed up for Making Tax Digital

Almost three quarters (74%) of VAT-registered firms signed up for Making Tax Digital (MTD) before the second stagger deadline last month. HMRC’s figures showed that over 230,000 mandated businesses joined the scheme before the 7 September 2019 deadline. Most (94%) signed-up businesses submitted VAT returns before both the first and second stagger deadlines. Around 80,000…
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Small employers risk losing the employment allowance in 2020

Plans to remove the employment allowance for large employers from April 2020 could impact on smaller firms. This allowance provides employers with a reduction to their national insurance contributions (NICs) bill of up to £3,000. Employers that claim the allowance can carry it forward from one tax year to the next, but that will stop…
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Disposing of a UK residential property?

UK readers who are anticipating the sale of a residential property on which a capital gains tax (CGT) charge may apply would be advised to consider the changes to the reporting and payment of this CGT charge from 6 April 2020. The general rule will be that for relevant disposals on or after this date…
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The Key To Keeping Up: How To Think Like a Futurist

Whether you’re a scientist mastering new machinery or a small business owner making the transition from Post-it notes to online accounting, everyone is asking the same question: how can we keep up in an increasingly fast-paced industry? The answer is surprisingly simple. ‘We can’t predict the future,’ explains futurist Reanna Browne. ‘What we can do, however, is expand our thinking around Continue Reading
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