TaxStack Accountants

Part 1 of 2 | Making Tax Digital for Income Tax

Making Tax Digital for Income Tax is changing the way many sole traders and landlords report to HMRC.

One of the biggest changes is the introduction of quarterly updates, with the first deadline falling on 7th August.

In this carousel, we're breaking down:

✔️ Who needs to submit quarterly updates
✔️ What information needs to be included
✔️ The key deadlines to know

Want to dive into the detail?

Read our full guide here: https://www.taxassist.co.uk/resources/articles/making-tax-digital-for-income-tax-how-to-make-a-quarterly-update

Do you need a business bank account?

Not all businesses are legally required to have one – but there are many advantages, from keeping finances organised to looking more professional.

Our helpful guide explains why you might need a business bank account, how to choose the right one and how to apply successfully.

Read the full article here: https://www.taxassist.co.uk/resources/articles/why-you-need-a-business-bank-account-and-how-to-choose-one