Step-By-Step Guide to MTD ITSA for Individuals [Checklist Included]
Starting April 2026, over 4 million landlords and self-employed individuals will need to comply with Making Tax Digital for Income Tax Self […]
What Are the New Points-Based Penalty Regime Under MTD ITSA?
HMRC is rolling out a new point-based penalty system for self-employed individuals and landlords under the Making Tax Digital for Income Tax […]
Difference Between Compliance & Engagement for Accountants
Accountants sometimes tend to get compliance & engagement mixed up and end up getting into hot water. While both are essential, understanding […]
ICAEW Fines Financial Controller Over Alleged Fraud
ICAEW has fined a financial controller with a bill of £14,000 for wrongly utilising company funds to pay for the repairs of […]
ACSP: How Can Accountants Prove & Verify Clients’ Identity
The UK government has introduced stricter identity verification requirements, and any negligence or failure could result in civil penalties and criminal charges. […]
How to Get Authorised to Act as a Tax Agent on Behalf of Your Clients
In today’s digital world, tax agents play a crucial role in ensuring that individuals and businesses remain compliant with HM Revenue & […]
HMRC Targeting “Unethical” Tax Advisers
HMRC could soon hit dishonest tax advisers with penalties up to £50,000, public naming and stricter investigations. The UK government has launched […]
MTD for ITSA Expands in April 2028- What Accountants Need to Know?
Rachel Reeves’s Spring Statement which was meant for economic updates surprised the UK with buried details on tax measures including an important update on Making Tax Digital for Income Tax (MTD ITSA).
How to Simplify Accounting Compliance: 3 Easy Strategies for Businesses
Accounting and regulatory compliance are becoming more complex each year with frequent changes in industry, government policies and technological landscapes.
Registering with HMRC for an Agent Services Account: A Step-by-Step Guide
Creating an agent services account with HM Revenue & Customs (HMRC) is a crucial first step for tax professionals who wish to […]
Form 64-8 Formal Authorisation to Act as a Tax Agent: An In-Depth Overview
If you act as a tax agent or adviser, obtaining formal authorisation from your clients is a mandatory first step before dealing […]
Appointing Someone to Deal with HMRC on Your Behalf: A Complete Guide
Navigating the complexities of the UK tax system can be challenging, and many people choose to appoint someone, whether a professional or […]