KEEPING YOU INFORMED

This is where we post current information that is useful to know. We don't hold a library archive of accounting knowledge as it changes so quickly (and there's so much of it!) but we do like to let you know about important, of-the-moment news...

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INCOME TAX RAID OR SIMPLIFICATION?

Under proposals to simplify the taxation of profits for the self-employed, HM Treasury has announced fresh proposals to tax the self-employed on the profits they make in the 12 months to the end of the tax year rather than the present system of taxing them on the profits in their chosen year end. Our article (link below) explains this in more detail and details the effects it might have.