In 2026, HMRC will take the next step in its Making Tax Digital (MTD) programme – an ambitious plan to modernise tax administration in the UK. Designed to close the £39.8 billion “tax gap” (the difference between tax owed and tax collected), MTD aims to make the...
Under the self-assessment regime, individuals are responsible for calculating their tax liability and ensuring that any tax owed is paid on time. At Horsfield & Smith, Chartered Accountants in Bury, we understand the importance of staying compliant with the latest...
Here’s our small business summary of the Autumn Statement with all the major tax, National Insurance and minimum wage changes explained for you. Read on for a breakdown of the major business announcements from the Autumn Statement 2024. A budget to fix the foundations...
As trusted accountants and tax advisers in Bury, Horsfield & Smith has helped businesses across Greater Manchester and beyond navigate the complexities of Corporation Tax Self Assessment (CTSA). This system requires companies to calculate and report their own tax...
At Horsfield & Smith, we understand the unique challenges of managing agency workers. Ensuring compliance with employment law and auto enrolment obligations can be particularly difficult. The Agency Workers Regulations, introduced in 2011, set specific rules...
Accurate record-keeping helps you file your VAT returns correctly and on time, reducing the risk of penalties. At Horsfield & Smith, we know that efficient tax management, VAT compliance and strong financial practices are key to your business growth. Here’s how...
