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Catch up on the latest news in accounting here, from cutting edge bookkeeping technology to self-assessment updates.

Who is liable to Income Tax at Scottish rates?

Who is liable to Income Tax at Scottish rates?

Where you live determines if you pay Scottish Income Tax. The rules are not based on where you work, who pays you, or national identity, but on your main UK home during the tax year.

The definition

Pension contributions, net pay or relief at source?

Pension contributions, net pay or relief at source?

Your pension scheme type affects your tax relief. Workplace pensions offer tax benefits, but the method used, net pay or relief at source, changes how and when you get them. Your employer or pension

Tax returns for a deceased taxpayer

Tax returns for a deceased taxpayer

You may need to submit tax returns for someone who has died. As the personal representative, you are legally responsible for reporting income earned before and after death.

This person, known as the

What if you no longer need to submit a tax return

What if you no longer need to submit a tax return

You must tell HMRC if you no longer need to file a tax return. Whether you have stopped trading or no longer rent out property, notifying HMRC early avoids penalties and keeps your records up to

Setting up a payroll scheme

Setting up a payroll scheme

Registering for payroll is essential when hiring staff. From HMRC registration to legal compliance, getting payroll processes right ensures your team is paid correctly and your business avoids

Do you have additional income streams?

Do you have additional income streams?

Side income over £1,000 may mean filing a tax return. HMRC is urging part-time earners to check their tax position for 2024-25, especially if they earn from casual work, renting, or crypto.

If you

How AI is changing your business

How AI is changing your business

Artificial intelligence (AI) is no longer something for big tech firms alone – it is becoming a practical tool for small businesses, especially when it comes to financial management and

Are you ready for Companies House ID checks?

Are you ready for Companies House ID checks?

From 2025, Companies House is rolling out new identity verification requirements for directors, people with significant control (PSCs), and anyone forming or managing a UK company. These changes form

Claiming for uniforms, work clothing and tools

Claiming for uniforms, work clothing and tools

Buying tools or clothing for your job? You could claim tax relief. Check if you qualify and how to get your money back. If you have spent your own money on items essential for your work, such as tools

Accounting on a cash basis

Accounting on a cash basis

From April 2024, the cash basis is the default method for sole traders and most partnerships when preparing Self-Assessment returns. Designed to simplify tax reporting, the cash basis lets businesses

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