When it comes to self-assessments, most people fall into one of two groups. The first group starts gathering information months in advance, keeps everything organised and submits their tax return without a hitch. The second group spends January frantically searching through emails, bank statements and paperwork, trying to remember whether they received interest, dividends, pension
Category Archives: MTD for Income Tax (ITSA)
Corporation Tax, Director’s Pay vs Dividends, MTD for Income Tax (ITSA), P11D's, PAYE, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, Tax Planning & Saving Tips
Sole Trader vs Limited Company director – what’s best for your business?
Why it matters Setting up as a sole trader or limited company director isn’t just a bureaucratic choice—it’s a strategic decision that affects your taxes, your rights, and your long‑term goals. Whether you’re nearing £50K income and facing MTD ITSA, or edging over £100K and losing your personal allowance, this clear breakdown will help you
Automating Your Finances, Best Accounting Apps, MTD for Income Tax (ITSA), Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, Xero Tips & Tricks
Tax-saving tips for sole traders: expenses you might be missing
Navigating self-employment in the UK comes with a learning curve, especially when it comes to managing your taxes. One of the easiest ways to reduce your tax bill is by making sure you’re claiming all the allowable business expenses you’re entitled to. But lots of sole traders miss out on some. That’s where these tax-saving
HMRC Updates & Changes, Important News from HMRC, MTD for Income Tax (ITSA), Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
Everything you need to know about our new MTD ITSA guide – your step-by-step companion
We know that Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) can seem like a lot to wrap your head around. But don’t worry! At DNA Accountants, we’re all about making your life easier. That’s why we’ve put together a handy, downloadable guide to help you navigate these changes with ease. What’s MTD ITSA
Best Accounting Apps, Changes to Tax Rates & Thresholds, HMRC Updates & Changes, Important News from HMRC, MTD for Income Tax (ITSA), MTD for VAT, Technology & Software for Businesses, Xero Tips & Tricks
What is MTD and how will it affect my business?
What is MTD we hear you ask? No, it’s not “Month to Date”, “Metric Tonnes per Day” or even “Marine Technology Directorate”! We’re talking about Making Tax Digital. The scheme was originally announced by HMRC in 2017, but it’s been years in the making (a bit like Avatar 2!). What’s changing? MTD will require