by T | Aug 25, 2025 | Blog, News, Uncategorized
Navigating your Self-Assessment tax return as a self-employed individual doesn’t have to be daunting—with GnC Accounting right here in West London to support you every step of the way. 1. Do You Need to File? If you earned more than £1,000 from self-employment,...
by T | Jul 26, 2025 | Blog, News, Uncategorized
From April 2026, Making Tax Digital (MTD) for Income Tax Self-Assessment becomes mandatory for anyone earning over £50,000 through self-employment and/or property. If you’re based in Ealing, Acton, Chiswick or anywhere in West London, this change could affect you. The...
by T | Jun 28, 2025 | Blog, News, Uncategorized
Despite the withdrawal of paper banknotes and old-style coins, a staggering £6.6 billion remains unreturned in the UK. The Bank of England has revealed that 375 million paper notes are still in circulation — including 160 million £20 notes and 46 million £50 notes —...
by T | May 24, 2025 | Blog, News, Uncategorized
From 1st June 2025, HMRC is updating its Advisory Fuel Rates (AFRs) – the official rates businesses can use to reimburse staff for business journeys in company cars or for employees to repay private mileage costs. These changes might seem small, but they can have a...
by T | Mar 28, 2025 | Blog, News, Uncategorized
What It Means for You and Your Business On 26 March 2025, Chancellor Rachel Reeves delivered the UK’s Spring Statement, outlining economic plans to tackle slower growth and rising costs. While big tax changes are expected in the Autumn Budget, several key...
