Author Archives: Team Golding

The Autumn Statement – what does it mean for you?

Today, the Chancellor of the Exchequer, Jeremy Hunt outlined a series of sweeping measures to include tax changes and hidden tax increases, and cuts to Government spending. We highlight the main points below which will affect us all, and if you have any specific questions about these matters, please do not hesitate to contact a […]

Struggling to file taxes? Get Self Assessment tax return help.

The Self Assessment tax return filing deadline, i.e., January 31, is coming up, and businesses, individuals, and accountants across the UK are rushing to stay prepared for the tax season and end the year on a productive note. With Christmas also around the corner, it makes sense to start as soon as possible and get […]

Going digital for filing a Self Assessment tax return

As an individual service provider or business owner, you will need to undertake filing a Self Assessment tax return. Your business must be in full compliance with the tax laws, which can apply in various ways depending on the size of the company you are running and the exemptions your industry is eligible for. “Is […]

Make calculating the tax on rental income easy: Top tips

As a landlord, your property is your most valuable asset. Letting out residential and/or commercial property is a great way to make passive income. However, navigating all the tax requirements related to reporting income tax on rental properties and capital costs can be tricky – unless you have a landlord accountant. In this blog, we […]

The Mini Budget 2022 – what does it mean for you?

As the UK enters a new era under the tutelage of Liz Truss, the country’s recently-elected PM, Chancellor of the Exchequer Kwasi Kwarteng unveiled the Mini Budget on September 23, 2022 with the promise of boosting economic growth. In a Commons statement, popularly dubbed as the “mini budget,” he agreed how the high tax rates […]

Understanding MTD for landlords: Important questions answered

The new MTD ITSA guidelines have been complicated for many to grasp fully, even for accountants. To combat this, HMRC has been offering clarifications at intervals and recently hosted a boot camp for landlords and sole traders to answer their questions. For busy landlords, especially those just getting used to the MTD system, we have […]

Why embrace digital record keeping when preparing accounts

Reasons why your cash flow statement matters

The digital economy might have dominated the world, but by no means have all businesses subscribed to it. Even today, many companies rely heavily on paper-based processes, while their digital component consists mainly of Excel sheets with rows upon rows of data.  In accounting, paper-based practices can lead to serious errors that can raise questions […]

MTD for ITSA: What does it mean for landlords?

mtd-for-itsa-what-does-it-mean-for-landlords

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 […]