Stephenson Smart Team Blog

Read the latest news and views from the team at Stephenson Smart - bringing you updates on the financial world, and tips on how you can make the most of your money.

Making Tax Digital: government outlines new rules

In response to the feedback it received from businesses and industry, the government has outlined a raft of proposals in relation to its new Making Tax Digital (MTD) initiative. Many of these relate to the Making Tax Digital for Business (MTDfB) scheme.

Planning for Change

All businesses are subject to change, whether this is due to internal factors such as launching a new product, or external factors, including the emergence of new technologies or competitors.

Flat Rate Scheme changes - Limited Cost Traders

Changes are being made to the Flat Rate Scheme (FRS) which may mean that the scheme is less attractive to some businesses and this may result in these businesses deciding to no longer operate under the FRS. It is important to understand these changes especially if you already operate the scheme or are considering using the FRS.