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As the economy opens up there are many cases where the government support, loans and business rates holiday have kept businesses afloat but there are also significant concerns about their future viability once these end. There have been calls for the business rates holiday to be extended and we will keep you up to date over the next few months if supports change or new help becomes available.
What is important now is to remain safe and game your cash flows for a range of different scenarios for the rest of the year. This will allow you to know where you stand and what (if any) actions are needed so your business can recover and flourish as the economy grows.
Please contact us if you need help, we are here to support you and your business.
04 Mar 2024
HMRC has published guidance on the Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) requirements for sole traders and landlords.
Over one million self assessment taxpayers missed the filing deadline at midnight on 31 January, according to data published by HMRC.
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