Posts by WDS Admin
News
-
MTD for Income Tax: A Simple Guide for Small Business Owners
From April 2026, sole traders and small business owners with gross income over £50,000 must move to quarterly digital reporting under Making Tax Digital for Income Tax. This guide explains what changes, what deadlines apply, and the five steps to get your business MTD-ready before April.
-
Payroll & HR Changes 2026
From April 2026, employers face the most significant overhaul to Statutory Sick Pay since 1985, alongside new National Minimum Wage rates and updated statutory pay across the board. Walter Dawson & Son’s payroll team breaks down exactly what’s changing, who’s affected, and what you need to do before 6 April to stay compliant.
-
Ways businesses can reduce fuel bills
Tensions in the
-
Cash flow challenges facing small businesses
Cash flow remains
-
Companies House blunder
A Companies House
-
Estimate your Income Tax for the current tax year
If you are concerned
-
How long should you keep your tax records
Following the
-
Tax on inherited property, money or shares
As a general rule,
-
Tax if selling a second property
You may have to pay
-
The Rent a Room Scheme
The Rent a Room
-
What are dividends and how are they taxed
A dividend is a
-
End of Tax Year To Do List
With 5 April 2026 fast approaching, now is the time to review your finances. From ISAs and pensions to capital gains and gifting, our checklist highlights the key allowances you should be making the most of before the tax year closes.
-
When is a “self-employed” contractor a de facto employee?
The employment
-
Exit planning, an essential step for business owners
Many business owners
-
Business solvency, why it matters
Business solvency
-
Landlords: MTD for Income Tax Is Changing How You Report Your Rental Income
From April 2026, landlords with gross rental income over £50,000 must submit quarterly digital updates to HMRC under Making Tax Digital for Income Tax. Find out what changes, whether it applies to you, and what you need to do before the deadline.
-
Tax Diary April/May 2026
1 April 2026 – Due
-
Tax allowances frozen for 2026-27
It was confirmed as
-
Changes to the calculation of Income Tax
A number of changes
-
Seven million people started new jobs in 2025
New figures
-
Who will be subject to MTD for IT from 6 April 2026
Taxpayers who are
-
Still time to top up your pension contributions
With the end of the
-
Increase in company late filing penalties
After the end of its
-
MTD Is Here: What Every Freelancer and Sole Trader Needs to Know Before April 2026
HMRC’s biggest shake-up to self-assessment in a generation is almost here. From April 2026, sole traders and landlords earning over £50,000 must ditch the annual tax return and switch to quarterly digital reporting. Here’s everything you need to know — and what to do right now.
-
A Quiet Step Forward: Celebrating Kieran Holmes
At WDS, the Quarterly Recognition Award exists for one simple reason — to make sure the people who quietly make everything work don’t go unnoticed. This quarter, that person is […]
-
Reducing energy consumption
Reducing energy
-
Accelerate Return on Investment
The speed with which
-
Breaking the Mould: Equal Rights, Equal Action — Meet Julie, Our First Female MD
This International Women’s Day, we’re marking a milestone 140 years in the making. We’re proud to celebrate Julie, our first ever female Managing Director — a historic moment that reflects our commitment to equal opportunity and a culture where everyone can lead.
-
Loans to Participators
There are special
-
Changes to reporting of BiKs
Mandatory payrolling
-
Claiming a tax refund from HMRC
If you have paid too
-
Reclaiming VAT on a self-build home project
Reclaiming VAT on a
-
Meaning of “bona vacantia”
Bona vacantia is
-
What Is a person with significant control?
A person with
-
Spring Statement 2026
The Chancellor’s
-
Why disregarding the minimum wage constitutes modern slavery
The National Minimum
-
Renewed conflict in the Middle East
Renewed conflict in
-
-
How to claim child benefits
An application to
-
Filling in NIC contribution gaps
National Insurance
-
When not to charge VAT
When issuing
-
Tax effects of letting out part of your home
If you have tenants
-
Which supplies are zero rated for VAT?
Understanding which
-
Meaning of trade for tax purposes
The meaning of trade
-
Gifts Out of Surplus Income
A Valuable Inheritance Tax Exemption Explained Inheritance tax (IHT) receipts continue to rise year on year, and from 6 April 2027 this is expected to increase further as pensions form […]
-
Creative businesses to benefit from government finance package
The government has
-
Why inflation matters when funding pension funds
When planning
-
Claiming the Annual Investment Allowance
The Annual
-
Simplified expenses on motor vehicles
There are simplified
-
Workplace pensions
Automatic enrolment
