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#UKtax, #tax, #MTD, #smallbusiness, #vat Isobel Jones #UKtax, #tax, #MTD, #smallbusiness, #vat Isobel Jones

UK VAT: Key Deadlines

Value Added Tax (VAT) is a significant source of revenue for the United Kingdom's government, accounting for a substantial portion of its tax income. VAT is levied on the value added to goods and services at each stage of production or distribution. For businesses operating in the UK, adhering to VAT deadlines is crucial to ensure accurate reporting and timely payments.

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#MTD, #tax, #vat Isobel Jones #MTD, #tax, #vat Isobel Jones

The Impacts of Making Tax Digital on Small Businesses

Making Tax Digital (MTD) is reshaping how small businesses handle taxes. With digital record-keeping and quarterly reporting, businesses face initial challenges, but gain benefits like improved accuracy and compliance. By embracing digital tools, small businesses can navigate the digital tax landscape and thrive.

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View fullsize Always grateful for our amazing clients and their kind words! Thank you for placing your trust with our team. Looking for help with your accounting and business planning? Contact our team: ✉️ hello@beancrunch.co.uk *** We’re Beancrunch, a UK
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View fullsize The Spring Budget 2024 unveiled several significant adjustments to National Insurance Contributions (NICs) rates, as well as reforms in other tax-related areas. To find out more, contact our team: ✉️ hello@beancrunch.co.uk *** We’re Beancrun
View fullsize Attention all landlords! Are you looking to maximize your rental property profits and streamline your financial management? Our expert team specialise in providing tailored accounting solutions designed specifically for landlords like you. From opti
View fullsize At Beancrunch, we pride ourselves in the quality of our services, so it's great when our clients leave us such positive feedback. To find out more about how we can help you, contact our team: ✉️ hello@beancrunch.co.uk *** We’re Beancrunch, a
View fullsize Welcome to the new tax year! Here are some key changes for Tax Year 2024 - 2025 to keep in mind: 1️⃣ Updates to tax rates and thresholds. 2️⃣ Updated ISA and pension contribution limits. 3️⃣ Changes to tax allowances and reliefs. 4️⃣ Revised capital
View fullsize 📆 Don't forget! The tax year end is approaching on April 5th! Here are some key reminders to ensure you're prepared: 1️⃣ Check your allowances and contributions. 2️⃣ Review your pension and ISA contributions. 3️⃣ Consider capital gains tax planning.
View fullsize In the ever-evolving landscape of entrepreneurship, contractors in the UK often face a pivotal decision when establishing their business structure—whether to operate as a sole trader or set up a limited company. Each option comes with its own s
View fullsize Having a solid forecast for your business isn't just about numbers; it's about strategic decisions, future planning, and ensuring every pound invested aligns with your goals. 📈 Stay ahead of the game with our budgeting and forecasting services. We'
View fullsize Happy International Womens Day! As a female owned business, today, we celebrate the strength, resilience, and achievements of women everywhere 🚺 👯‍♀️ *** We’re Beancrunch, a UK-wide accounting firm who believe that accountancy can be d