Making Tax Digital for income tax (MTD IT) starts from 6 April 2026 for sole traders and landlords with qualifying income over £50,000. For many businesses and property owners, the change is less about extra tax and more about changing how records are kept and how income is reported to HMRC through the year. HMRC
MTD for income tax: Your April 2026 checklist Read More »
SPOTLIGHT Pensions for the self-employed: What you need to know Saving for retirement can feel daunting for many self-employed people. Without the workplace schemes that salaried workers often rely on, self-employed individuals must take proactive steps to secure their financial futures. But with the right guidance, pensions can become a valuable tool for your retirement
Pensions for the self-employed: What you need to know Read More »
Why Understanding Tax-Deductible Expenses Is Crucial for Self-Employed Individuals ? Being self-employed offers freedom and flexibility, but it also comes with responsibilities, especially when it comes to taxes. Failing to claim allowable expenses can leave you paying more tax than you need to. By understanding what counts as tax-deductible expenses, you can significantly reduce your
What Expenses Can Self-Employed Individuals Claim to Save on Income Taxes? Read More »