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The Latest MTD for ITSA Update Hidden within HM Revenue & Customs (HMRC) announcements on 26 March was a significant technical note entitled ‘Modernising the tax system through Making Tax Digital’. This update reveals that the income threshold for Making Tax Digital for Income Tax & Self Assessment (MTD for ITSA) will eventually drop to […]

Artificial intelligence (AI) has revolutionised the small business landscape, offering innovative ways to streamline operations and enhance customer experiences. With a wealth of AI applications, tools, and solutions now available, small business owners have unprecedented opportunities to automate processes and add value for their customers. Recent research from global hiring platform Indeed reveals that over

As a company director, you’re focused on growing your business and securing its future. But have you considered how to protect your own family’s financial security while maximizing tax efficiency? Relevant Life Insurance might be the solution you haven’t fully explored yet. What Is Relevant Life Insurance? Relevant Life Insurance is a tax-efficient life insurance

What Is a Balance Sheet? Looking to understand the financial position of your business at a specific moment in time? Your balance sheet (also known as the statement of financial position) is the key document you need. Together with your Profit and Loss Statement and possibly other reports such as the Statement of Cash Flow,

Avoiding the Hidden Traps That Erode Restaurant Profitability Even well-intentioned restaurateurs can fall prey to common mistakes that silently erode profit margins. These errors often develop gradually, making them difficult to spot without deliberate analysis. This guide will help you identify and correct these profit-draining pitfalls before they damage your bottom line. 1. Neglecting Regular

On this special Mother’s Day, we’re taking a moment to recognise the remarkable achievements of women in business, particularly those who balance entrepreneurial ventures with family responsibilities. The contributions of women to the UK economy are substantial and growing, with female-led businesses contributing £85 billion to economic output according to recent statistics. The Rising Influence

The rising cost of living is affecting households across the UK. Whether you’re filling up your petrol tank or paying at the supermarket checkout, prices have surged for everyday essentials throughout the OECD countries. While inflation may have slowed recently, estimates still put it in the 2-3% range this year—on top of previous increases. So

How Artificial Intelligence Is Reshaping the UK Restaurant Industry The restaurant industry stands at the cusp of a profound transformation driven by artificial intelligence. While AI has been making incremental inroads for years, we’ve now reached an inflection point where the technology’s capabilities have matured enough to fundamentally reshape how restaurants operate. This isn’t about

Introduction: Setting the Economic Stage Chancellor Rachel Reeves delivered the Spring Statement on Wednesday 26 March 2025. While traditionally a response to the Office for Budget Responsibility’s (OBR) latest economic forecasts, this year’s statement took on greater significance due to deteriorating international trade conditions and increased pressure on security and defence spending. As many analysts

If you’re a small business with straightforward accounts, you’ve likely been using HM Revenue & Customs’ (HMRC) Corporation Tax online filing service to manage your tax obligations. This free service has been a convenient way to file corporation tax returns and company accounts while ensuring compliance with regulatory requirements. However, HMRC has recently announced that