Xero

MARCH 25, 2025

Tax codes If you were on a W1/M1 tax code, Xero will switch you back to the normal tax method at the start of the new tax year. Any tax code updates from HMRC (also known as P9X ) will be automatically applied in Xero. If you offer these benefits, register with HMRC before the new tax year.

XERO 133

XERO Payroll Tax Corporation Tax 133

Xero

DECEMBER 20, 2022

HMRC has announced that Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) has been delayed until April 2026. Apr 2026: MTD for ITSA – businesses, self-employed individuals, and landlords with income over £50,000. The new MTD for ITSA timeline. MTD for ITSA for general partnerships.

Tax 49

Tax Small Business Accounting XERO Corporation Tax 49

Counto

FEBRUARY 20, 2025

Corporate Tax Relief and Cash Grant Good news for your bottom line – you’ll receive a 50% corporate income tax rebate for YA 2025. The government will now co-fund 40% of wage increases in 2025 (up from 30%) and 20% in 2026 (up from 15%) for lower-wage workers. Here’s what you need to know.

Budgeting 52

Budgeting Corporation Tax Computation Tax 52

Counto

JANUARY 13, 2025

Stay Informed About Tax Deduction Schemes As of 2024, the Singapore government has extended the 250% tax deduction for donations until the end of 2026. Furthermore, from 2025, the Overseas Humanitarian Assistance Tax Deduction Scheme (OHAS) will offer a 100% tax deduction for qualifying overseas cash donations.

Bookkeeping 52

Bookkeeping Financial Statements Tax Record Keeping 52