The UK government is committed to bringing its tax system entirely online through the Making Tax Digital (MTD) initiative. With a phased rollout already underway, it is described by the HMRC as “one of the most digitally advanced tax administrations in the world” that commits to “transform tax administration so that it is easier for […]
Author Archives: Team Golding
29
Jun
Jun
Influenced by a chronic undersupply, rising demand for property in the UK and the turbulence of the last two years owing to the pandemic, long-term forecasts for property investing are incredibly optimistic. We could see the UK home prices grow by 21.5% by 2025. On the other hand, JLL, the real estate and investment […]
15
Jun
Jun
In 2016, the then Chancellor, George Osborne, introduced a stamp duty surcharge of 3% on purchasing buy-to-lets and second homes. That means the 3% slab tax is based on the whole property price and payable on top of the standard stamp duty applicable. Secondly, in 2017, the government began withdrawing the total tax relief […]
02
Jun
Jun
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is set to change the way millions of self-employed business owners and landlords report their earnings to HMRC from 6 April 2024. Any sole trader or a landlord with a total business and/or property income above £10,000 per annum will have to comply with […]
02
Jun
Jun
Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) offers self-employed business owners and landlords a new way to report their earnings and pay income tax. MTD ITSA hopes to revolutionise tax administration so it is easier for taxpayers to get their taxes right. Who does MTD for ITSA affect? Anyone who is […]
25
Apr
Apr
Bookkeeping refers to the process of systematically recording all the financial transactions that a company undertakes. It is a subset of the accounting function that involves various activities such as recording transactions, listing debits and credits, maintaining and balancing ledgers, generating invoices, and completing payroll. Bookkeeping is clerical in nature and is indeed […]
25
Apr
Apr
Cloud accounting is not just a buzzword anymore. It has been recognised as the most efficient way for companies – large and small – to keep their books of accounts in order. At its simplest, the cloud helps you automate bookkeeping tasks and store all your data safely for any time, anywhere access. And […]
21
Apr
Apr
When you think of accounting, you might be thinking of a dreary room piled high with paperwork and occupied by hassled, grim-faced accountants. The truth isn’t nearly as bad – business accounting simply requires you to record all your transactions correctly and on time and regularly review your books to gauge your financial performance. […]
24
Mar
Mar
On March 23, 2022, the Chancellor of the Exchequer delivered his Spring Statement to Parliament. With so much uncertainty in the world now due to the conflict in Ukraine, rising fuel prices, proposed energy increases and worries about inflation, all eyes were on Mr Sunak to see if he was going to deliver some […]
16
Mar
Mar
As the owner of a small business, you have a hundred different claims on your attention at any point in time. It, therefore, makes sense to hire an accountant who can handle the finances for you and help you stay on top of taxes, overheads, and other money-related matters. What’s more, having an accountant […]
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Or, email us at info@wearegolding.com
