Dod-dle was one of the first companies to be working with HMRC on their vision of revolutionising the tax system. Making Tax Digital (MTD) will take the UK’s tax system into the 21st century and will use new technology to make record keeping and paying your tax bill easier than ever before. At the moment, […]
There is a lot of talk currently about ‘being in the cloud’, ‘working in the cloud’ and ‘cloud accounting’. But what does it actually mean? Let’s start by defining what it is not; it has nothing to do with the white fluffy cumulonimbus and nothing to do with data being ‘up there’. In fact, data […]
When you start a small business for the first time there is an inevitable learning curve. Whilst you may know your own trade, or profession, inside out and upside down, there is so much more to contend with. Registering the business for tax, working out a business plan, marketing, advertising, interviewing staff, opening a business […]
The employment allowance has been a valuable saving for many small employers, allowing them in the last tax year up to £2,000 in savings on their National Insurance contributions. From the start of the new tax year this allowance was increased to £3,000. However, the legislation relating to the allowance is confusing and new rules […]
As you may be aware there are a number of changes to the tax system which take effect from 6th April 2016. I have had the chance, following the budget, to take a look at these and have summarised the changes and my advice below. Capital Gains Tax Reduction The drop in rate from 18%, […]
How would having an apprentice benefit you? According to HMRC 70% of employers reported that apprenticeships improved their productivity or the quality of their product or service with an average increase of £214 a week. One of the main benefits of having an apprentice has to be their cost. In comparison to a normal employee […]
Most employees know that they are entitled to a mileage allowance when travelling in their own car on behalf of their employer. This has been set at 45p per mile since 2011 (when it rose from the old rate of 40p) for the first 10,000 miles and at 25p per mile thereafter. This rate is […]
Whether a property is classed as an investment letting or a furnished holiday letting is important, as both have different tax treatments particularly when it comes to capital gains tax. An investment letting is one where the property is let to one tenant, typically through a short term assured tenancy agreement. This is treated as […]
Most people resident in the United Kingdom, and some who are not, are entitled to earn a certain amount of income each year without paying income tax. This amount is referred to as the ‘personal allowance’ and changes each year. For the tax year 2014/2015, for example, the personal allowance was £10,000. Therefore an individual […]
