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We’re ready to support you with Making Tax Digital for Income Tax

Xero

As outlined in the autumn Budget, the UK government is committed to delivering Making Tax Digital (MTD) for income tax Self Assessment, which will be mandated in April 2026. At Xero, we’re ready for MTD for IT and will be participating in HMRC’s public testing phase from April 2025. What happens next?

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The Future of Restaurant Accounting: Simplified for 2025

Analytix Finance & Accounting

As we prepare to move into 2025, here are some restaurant accounting and bookkeeping trends that can simplify your financial management and help grow your business. AUTOMATING DAILY ACCOUNTING AND BOOKKEEPING Automation tools allow restaurant owners to streamline day-to-day tasks, such as invoicing, payroll, and expense tracking.

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A short guide to Making Tax Digital for hospitality

Xero

From pandemic restrictions to Making Tax Digital (MTD), hospitality businesses have had to stay agile and adapt to many changes in the past few years. In this guide, we’ll look at what the government’s Making Tax Digital initiative means for your hospitality business in practical terms. A closer look at MTD for hospitality.

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10 Ways to Use Automation Software to Address Top CFO Concerns Going into 2025

NextProcess

2) Facing Economic and Political Uncertainty Overall, surveyed CFOs are optimistic going into the end of 2024 and looking forward to 2025. tax policies) and internal regulations (e.g. You’ll be able to automate compliance for things like purchasing policies, payment record keeping, and invoice processing. However, the U.S.

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Staying on top of GST due dates in 2024

Xero

It can be tricky to keep tabs on the taxes and deductions you owe throughout the year as a small business. However, paying on time means getting peace of mind that you’re meeting your GST payment obligations as a business, and avoiding late penalties that cut into your earnings. Depending on the reason, the fines can be steep.

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VAT Changes for Independent Schools in the UK: What You Need to Know

Compleatable

These reforms, part of a broader tax overhaul, could reshape the financial landscape for private education and have far-reaching effects on families, school management, and the wider educational ecosystem. The VAT Reform The Labour Party announced it will be ending tax breaks on independent schools.

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Checklist for Small Business Startups

SMB Accounting and Consulting

It will also have tax implications and different regulatory compliances the business will have to follow. In a lot of cases, you will need to complete tax registration to obtain an Employer Identification Number (EIN) from the IRS. Establish a system for collecting and remitting sales tax if required.