Category: Blog

Tax

Making Tax Digital

Have you heard of HMRC’s Making Tax Digital (MTD) project? Starting in April 2019 all VAT Registered businesses will be compelled to submit their VAT Returns through approved software as HMRC will switch off the VAT submission section of their website in order to ensure that they can capture more business information and a full…

Property

Summer Budget 2015 – New rules for Landlords

Mortgage Interest Relief: Under current arrangements, interest paid on a loan or mortgage used to purchase a property which is let can be deducted from the rental income from the letting before calculating any income tax due. The Government is to change this longstanding rule and replace it with an income tax deduction at the…

Cloud

Every cloud has a silver lining

I was sad to hear of the demise of the company that I worked for before setting up React Accountancy four years ago. Up until a management buyout at the end of 2011 the company had been successful and an enlightened employer with an easy going approach and very high staff morale – in my…