Making Tax Digital for Income Tax introduces new reporting requirements for many sole traders and landlords. Below are answers to some of the most common questions about MTD, including who it applies to, what records must be kept, and how quarterly reporting works.
If you're new to Making Tax Digital, you may also find our MTD timeline, our short guide to MTD for Income Tax, and our MTD preparation checklist helpful.
Making Tax Digital for Income Tax will change more than how often you file. From 2026, sole traders and landlords will need digital records, regular reviews and a new rhythm of tax compliance.
Thinking of registering for VAT before you hit the £90k threshold? Voluntary VAT registration can help cash flow and boost credibility, but it’s not always the right move. Here’s what UK small businesses need to know before making the call.
Cashflow is the lifeblood of any small business, but especially for creative businesses that often deal with...
Many any creative businesses have irregular income, with ups and downs as different projects come in. This is called a ‘lumpy’ cashflow.
There’s a lot of advice out there on how to set up a company. However, information on how to close a company is a...
In this guide, we’ll explore key steps to creating a perfect business plan for your creative endeavour, offering clarity and direction.
Using projects is the status quo in the creative industry. With stakeholders, creative direction and budgets at stake, choosing an accounting method that matches your way of working is the backbone of effective creative businesses.
Puzzling over whether that quick lunch or client dinner can be claimed on your tax return? Ifso, you're not alone....
We understand the unique challenges and opportunities business owners face over this period, so we´re unwrapping 12 practical tips to help you navigate it with confidence
