The latest Budget included several important changes that will affect how small businesses and taxpayers will manage tax reporting, digital record-keeping, and payment deadlines over the next few years. Here are the key changes to income tax payments, penalties, and Making Tax Digital (MTD) you should know about. If you run a small business, it’s […]
Tag Archives: Budget 2025
Corporation Tax, Myers Clark Updates, Personal Tax, Tax Tips
Key Takeaways from Monday’s Post-Budget Event
03
Dec
Dec
After five years, this last Monday, we held a networking session in the wake of last week’s Budget announcements. We covered a wide range of changes, some expected, some strange, and some that genuinely matter more than the headlines would suggest. While the media has been busy being shocked by things everyone already knew, our […]
27
Nov
Nov
Chancellor Rachel Reeves presented her highly anticipated second Budget to Parliament yesterday. After the 2024 tax measures, the government was hopeful that broad tax increases would not be necessary in 2025. However, due to ongoing economic challenges, despite a short-term growth upgrade from the Office for Budget Responsibility (OBR), tax increases proved unavoidable. Let’s take […]
03
Sep
Sep
We know it’s confusing out there right now. Another day, another story of a possible tax hike. It feels like there’s a new story about rising taxes all the time, some even suggesting that you could soon be taxed on what is the most precious asset for most of us: our home. Truth be told, […]