The government has recently confirmed that Making Tax Digital (MTD) will apply to income tax self assessment (ITSA) from 6th April 2024. This includes all unincorporated businesses. This applies to sole traders, partnerships and landlords, who file their taxes via self assessment, and are earning over £10,000. MTD for ITSA Start Date Confirmed On 23 September parliament legislated this new start date for MTD for...
Here we explore how and why to write a business plan, whether this is to attract investment, or for your own strategic development. Even if you are not planning to approach investors for funding, you can write a business plan that will effectively keep you on course and achieving high targets. Whether you are starting out, or even if you have begun trading, these tips...
August 2021 Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Claim CJRS for August – 14th September Deadline to claim CJRS for August 2021 claims Corporation Tax Payment – 14th September Corporation tax second quarterly instalment payment for very large companies with annual taxable profits exceeding £20m...
July 2021 Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Key Dates Coming Up Payment on Account Due – 31st July If you have a tax payment on account, remember to make your payment on time, which is due by midnight on 31st July Employee Furlough Contributions Rise – 1st August...
A return to office working 5 days a week is predicted to become the standard model within two years. This return to office working is being driven by the disruption to creative problem solving, but new working trends may also feature more prominently than we were used to pre-2020. Half of Workforce Home Working The Centre for Cities think tank has reported the prediction that...
June 2021 News Update – featuring additional news developments from our newsletter series. Stay informed with the latest news in business support and financial affairs. Spike in Inflation Will be Temporary According to the Office for National Statistics (ONS), inflation rose sharply last month, driven in part by price rises in products like cars, chips and furniture and disruption to the supply chain. The rate...
Prestige Business Management banking partner Revolut, is on track to rank among the most valuable technology companies ever created in Britain by Autumn 2021, following their planned financial activity. Europe’s Youngest Fintech Billionaires Revolut’s latest fundraising strategy will value the company at more than £7.2bn and cement founder Nik Storonsky as one of Europe’s youngest fintech billionaires. Revolut now has a presence in 35 countries...
Millions of businesses throughout the UK have been closed for months at a time Since March 2020, due to restrictions imposed to help slow down the spread of the virus. Now the future is looking more hopeful, with the government’s roadmap setting out various points when you can safely reopen your business and larger groups of consumers may be accessing a wider range of products...
Making life easier for the client is a key principle at Prestige Business Management. It’s always a small challenge to quantify exactly how much value we add by the way we work with our clients. This is one reason why we are proud to introduce to you MLM Accountant. Our specialist branch and brand of accounting for Multi Level Marketing Businesses. Targeted Accounting Knowledge Prestige...
February 2021 News Update – featuring additional news developments from our newsletter series Stay informed with the latest news in business support and financial affairs. We eagerly await the forthcoming budget on 3 March. The latest budget speculation reported by the media is a potential ‘stealth’ tax rise, by freezing current thresholds, as opposed to raising them in line with inflation. For now we can...
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