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…
Read moreIn 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…
Read moreThe 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…
Read moreAs 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…
Read moreSpring is in the air, bringing with it the promise of new beginnings and growth. Just like our gardens need a bit of love and care to flourish, so do…
Read moreThe table below sets out the HMRC advisory fuel rates from 1 December 2023. These are the suggested reimbursement rates for employees' private mileage using their company car. Where…
Read moreWe understand the importance of staying informed about tax policy changes. The Autumn 2023 UK Budget has introduced several significant updates that are crucial for businesses to note. Embracing Enhanced…
Read moreAs winter approaches, businesses face the annual challenge of managing sickness absence effectively. Many businesses are encouraging their employees to return to the office after years of remote working. This…
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