Abacus Accountancy

Making Tax Digital for Income Tax

Latest News - MTD for ITSA delayed until April 2024 In a Statement issued on 23 September 2021, it was confirmed that MTD for ITSA would be delayed by a further year, and states that: * MTD for ITSA will be introduced from April 2024 for sole traders and landlords * General

Directors Loan Accounts

Introduction As a limited company director, you can access the money in your company bank account through a facility known as a director's loan. This can come in handy in instances when your personal finances are in need of a boost, yet taking out a director's loan is a decision

NI & Dividend Rates April 2022

NI and Dividend rates April 2022 NI and Dividend rates April 2022.pdf 227 KB download-circle Increase in NI Contributions and Dividend tax rates by 1.25% from April 2022 These are being raised to help fund the NHS, including the impact of the pandemic, and the gap in social

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