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Running a business is challenging enough without unexpected changes throwing you off track. In this episode, we're diving into some major shifts in the tax system and what they mean for business owners.
From Making Tax Digital (MTD) to changes in how businesses report income, it's crucial to stay informed - because what you don't know can cost you.
We'll be covering:
✅ How Making Tax Digital will change tax reporting (and what you need to do now)
✅ The new rules for reporting income from side hustles
✅ Why business rates and tax debts are getting a government crackdown
✅ A key financial change that could impact how much you pay in National Insurance
✅ Practical steps to avoid costly penalties and interest fees
This episode may be a little more serious than usual, but trust me you need to hear this. Staying ahead of these changes can make all the difference in protecting your business.
Let's Connect:
Right Click Accounting
Useful Links:
Request to be a guest
Side Hustle Information
Martin Lewis Blog
Check Your National Insurance Record
Income Tax Cash Basis Information
By Alexis CharkiwRunning a business is challenging enough without unexpected changes throwing you off track. In this episode, we're diving into some major shifts in the tax system and what they mean for business owners.
From Making Tax Digital (MTD) to changes in how businesses report income, it's crucial to stay informed - because what you don't know can cost you.
We'll be covering:
✅ How Making Tax Digital will change tax reporting (and what you need to do now)
✅ The new rules for reporting income from side hustles
✅ Why business rates and tax debts are getting a government crackdown
✅ A key financial change that could impact how much you pay in National Insurance
✅ Practical steps to avoid costly penalties and interest fees
This episode may be a little more serious than usual, but trust me you need to hear this. Staying ahead of these changes can make all the difference in protecting your business.
Let's Connect:
Right Click Accounting
Useful Links:
Request to be a guest
Side Hustle Information
Martin Lewis Blog
Check Your National Insurance Record
Income Tax Cash Basis Information