Latest making-tax-digital

The Autumn 2024 Budget has been a tough Budget for businesses, but it perhaps hasn’t provided too many surprises given the recent press announcements. Below we share our key takeaways for businesses…   Corporation Tax For those Limited Companies, there is confirmation of the main rate of Corporation Tax remaining at 25% for the duration…

We share our key takeaways on how the Autumn Budget 2024 affects individuals. During the first Budget to be delivered by a woman, and the first Labour Budget for 14 years, Rachel Reeves set out various measures to “fix the foundations and deliver change”.   Along with Income Tax rates, Labour included a manifesto pledge not…

Stephen Malkin (Partner, Kings Lynn) and I, Ben Burtenshaw (Manager, St Ives), learnt about scaling with Xero and the options available to rapidly growing SMEs during our recent visit Xero’s offices in Milton Keynes.   App partners Mayday and Joiin were both in attendance and gave talks and demos on their software as well as…

Protecting your organisation from cyber threats is more critical than ever in today’s digital age.   One of the most effective ways to protect your organisation from cyber threats is through comprehensive end-user training. Decisive IT  is Whitings LLP’s IT consulting and support subsidiary and we offer an end-user cybersecurity training service. This provides a…

Members of our team are now back from an exciting couple of days at Xerocon London 2024. We can’t wait to hear all about what they’ve learnt about whilst they were there, including upcoming product launches!   Stephen Malkin, Ben Burtenshaw, Dan Walker, Peter Brown & Emily Haines attended Xerocon. They found that the main…

Making Tax Digital for Income Tax will soon be upon us.   Over the past few years’ rents have been increasing and will continue to increase as inflation remains high. Many landlords will now be affected or will be coming close to the qualifying limits. With April 2026 fast approaching for those with qualifying income…

Alongside the Autumn Statement, the government has announced the outcome of its ‘Making Tax Digital’ review for small businesses. The outcome of the review has prompted some welcome simplifications and tweaks to the regime that should make it easier for taxpayers to interact with the Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) regime.…

Xero has two versions of reports – and old version and a new version. They are retiring the old version of their reports at 7pm BST on 30 July 2023. At which point, it will be time to switch to their exciting new reports and you will no longer have access to old reports. If…

On 1st April 2023, VAT celebrates its 50th anniversary since it was first introduced in 1973. VAT is a tax placed on a product or service at each stage of its production and distribution. VAT is an important source of revenue for the Government.   The History of VAT VAT was first introduced in France,…

Landlords currently using self-assessment will be required to switch to using Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA for short) and applies to all landlords whose total property income is in excess of £10,000 per year, including: • Rental income from UK rental properties   • Other UK property income such as…