I disagree. If you run your own business, it should be your choice who does your bookkeeping. Doing it yourself might be the right decision for you, it might not be. If the thought of doing your own bookkeeping appeals to you, here are some questions you can ask yourself. Bookkeeping can be time-consuming. Even…
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Self-employed individuals and landlords who showed a gross income of over £50,000 on their 2024-25 tax return – that’s before deducting expenses – must comply with the new Making Tax Digital for Income Tax rules from 6 April 2026. If this applies to you, you should have received a letter telling you that you’ll need…
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The run up to yesterday’s budget was chaotic. Widespread scaremongering about tax rises and VAT registration threshold drops caused a lot of uncertainty, but the 2025 Autumn Budget could have been a lot worse for self-employed people. Income tax, National Insurance and VAT The freeze in income tax and National Insurance (NI) thresholds has been…
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