The gbac JOURNEY to Net Zero
We began our drive toward net zero in earnest in 2022, having had our efforts restricted in 2021 because of the pandemic.
An insight from the gbac team on all things accounting, finance and more.
We began our drive toward net zero in earnest in 2022, having had our efforts restricted in 2021 because of the pandemic.
Salon owners renting out chairs to other businesses is a growing trend, but for those working in salons, this business model can blur the line between employment and self-employment.
Choosing to represent yourself at a First Tier Tribunal (FTT) would probably be considered foolhardy enough. Yet, in a recent case, a taxpayer also chose to base their appeal against HMRC on artificial intelligence (AI), without human verification.
With Inheritance Tax (IHT) nil rate bands unchanged for 16 years and currently frozen until 2030, more people are making lifetime gifts to reduce their estate’s IHT bill when they die.
From April 2026, it will become mandatory for sole traders and landlords to file tax returns through Making Tax Digital (MTD) if they earn more than £50,000 a year.
In June 2025, HMRC will be sending out simple assessment letters to taxpayers who aren’t obligated to file full self-assessment tax returns – which might come as a surprise to some.
If any of our latest content leaves you wondering how this may affect your business, our team are on hand to deal with any queries you have.
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