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This article is regularly updated to reflect industry standards and requirements. Come back later to keep updated with Making Tax Digital developments. When handling your company’s financial processes – bookkeeping, tax planning, and others – it’s vital to be aware … Continue reading
Posted in Uncategorised | Comments Off on What is Making Tax Digital (MTD)?Issuing P60s is a legal requirement for any business with an employee-base, including small to medium-sized enterprises. They ensure legal compliance, streamlined tax planning, and help build employee trust and staff progression. If you have any employees in your company, … Continue reading
Posted in Uncategorised | Comments Off on What is a P60?If you’re a small business looking for tax relief opportunities, Business Asset Disposal Relief (BADR) is a good area to investigate. The relief rates gained from it have changed in recent years and will continue to evolve in the future. … Continue reading
Posted in Uncategorised | Comments Off on What is Business Asset Disposal Relief (BADR)?Sole Trader vs Limited Company: What’s the Difference Choosing the legal structure of your business – whether you go with sole trader or limited company – affects everything from your tax rates to liability and business benefits. With over 40 … Continue reading
Posted in Uncategorised | Comments Off on Sole Trader vs Limited CompanyUnderstanding and complying with Capital Gains Tax (CGT) is crucial for effective financial planning and legal compliance, helping you to avoid penalties, interest charges, and financial losses. To ensure you maximise your assets, we’ve compiled a complete capital gains tax … Continue reading
Posted in Uncategorised | Comments Off on What is Capital Gains Tax?As an SME business, a big annual task is paying corporation tax. It can be a complex business, with several factors to take into account when submitting your corporate tax returns. At Mollan & Co, we have over 40 years … Continue reading
Posted in Uncategorised | Comments Off on How to pay Corporation Tax as an SMEA director’s loan can refer to both money borrowed by a director from their own company and money lent by the director to the company. These loans can be a useful financial tool for business owners, providing flexibility in managing … Continue reading
Posted in Uncategorised | Comments Off on Director’s Loans: A Guide for UK BusinessesWe are pleased to announce that we have been selected a one of the top three accountants in York. This is now the fifth year in a row we have been awarded this title, we must be doing something right! … Continue reading
Posted in Uncategorised | Comments Off on ThreeBestRated Accountants – winnersMaking tax digital for landlords has been on the cards for some time, and now the government has confirmed the start date for landlords and other property investors to report tax quarterly under the new system. Therefore, from 6th April … Continue reading
Posted in Uncategorised | Comments Off on Making Tax Digital For Landlords ExplainedThe Chancellor has announced that self-employed individuals can apply for Universal Credit in full at a rate equivalent to Statutory Sick Pay. While we are unable to apply for UC on behalf of clients we have prepared the following guidelines … Continue reading
Posted in Uncategorised | Comments Off on Universal Credit – how does it work ← Older posts