News

Making tax digital (MTD) for income tax self-assessment (ITSA) was originally scheduled to start in 2018 and was then put back to 2023 and then 2024. It was announced just…

When I became an accountant ’The Olivetti Computer’ in the corner was only ever used by certain people, how times have changed!”  With her Institute of Chartered Accountants of Scotland…

“MMG Chartered Accountants are with me every step of the way. When you’re running a business, it’s important to surround yourself with people that know more than you, and for…

As we enter the new year, we are entering choppy waters. How can businesses maintain growth despite economic headwinds? Growing a business is hard work, particularly during a challenging economic…

In the Scottish Budget of 15 December 2022, it has been confirmed that the 5-band structure will remain for 2023/24 and most of the thresholds are unchanged. Like the rest…

A new points-based system for late VAT returns starts for return periods commencing on or after 1 January 2023. A financial penalty will apply when several points have been accumulated,…

The 130% super-deduction for the investment in plant and machinery was introduced in the March 2021 Budget. The enhanced tax deduction is available to limited companies that acquire new plant…

The CGT annual exempt amount reduces from £12,300 to just £6,000 for gains made in 2023/24. Remember that the 2022/23 allowance is lost if not used by 5 April 2023…