Making Tax Digital for income tax self-assessment is scheduled to commence in 2026/27 for sole traders and property landlords with gross income of £50,000 or more, and the threshold then…
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In a move poised to redefine the landscape of business taxation, the method for taxing profits of unincorporated businesses has undergone notable changes starting from the 2023/24 tax year, with…
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Cash accounting was introduced as a measure to make it simpler for small businesses to prepare their accounts for tax purposes. It previously only applied to businesses with turnover up…
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In the wake of the recent Spring Budget, the High-Income Child Benefit Charge (HICBC) has undergone significant updates, set to impact many families starting 6 April 2024. The Finance Bill…
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The new fiscal year is upon us, and it marks a new chapter for all of us, from individual savers to business owners big and small. Here at MMG Chartered…
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MMG Chartered Accountants, a firm with a 100-year history in Tayside’s business sector, announces the appointment of Suzanne Kerr to the position of Director, starting April 2024. Suzanne Kerr, who…
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We are thrilled to announce that MMG Chartered Accountants has chosen TCCL Tayside as our charity of the year. This decision comes as part of our ongoing commitment to giving…
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As we approach the new financial year, MMG Chartered Accountants is here to remind you of the important updates to the National Minimum Wage (NMW) rates that are set to…
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