Making Tax Digital (Phase 2) HMRC’s Making Tax Digital (MTD) HMRC’s Making Tax Digital (MTD) initiative is making some fundamental changes UK tax systems and procedure for the UK businesses https://www.totaltaxaccountants.co.uk/making-tax-digital-phase-2/

Importance of Accounting Firms for Corporations Importance of Accounting Firms for Corporations & Other Large Organizations Accounting firms are an essential part of our economic system. An accounting firm provides https://www.totaltaxaccountants.co.uk/importance-of-accounting-firms-for-corporations/

The Reduced Rate of VAT to End on 1 April 2022 The government originally announced a temporary discount rate for the hospitality industry in July 2020 as one of several measures designed to help certain business units during a pandemic. With further announcements, the VAT rate of 5% has been extended to 12.5% for a period on 1 October 2021 and then back to 20% on https://advantaxaccountants.co.uk/reduced-rate-of-vat-2022-uk/

The Benefits of Becoming a Public Limited Company Establishing a public limited company can sometimes be the most tax-efficient corporate structure for its directors and shareholders. There are several types of companies including: Company with limited liability A limited liability company Unlimited private company Most companies are limited to stocks. This means that the value of the shares owned will limit the shareholder’s https://advantaxaccountants.co.uk/the-benefits-of-becoming-a-public-limited-company/