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Making Tax Digital for ITSA: The Biggest Change to Self-Assessment in a Generation

Thousands of self-employed people are approaching a significant milestone this summer as Making Tax Digital (MTD) for Income Tax reaches its first quarterly filing deadline. If your turnover (your sales before expenses) exceeded £50,000 on your 2024/25 Self Assessment tax return (covering 6 April 2024 to 5 April 2025), you are now part of the […]

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CFA Tax - VAT Services, Accountancy Services in Selby

Your HMRC Gateway Account: The Most Underused Tool for Business Owners

For many business owners, dealing with HMRC can feel overwhelming. Yet one of the simplest ways to stay on top of your tax affairs is by setting up and regularly using your HMRC Business Tax Account and your HMRC Personal Tax Account. Whether you’re paying PAYE, submitting VAT returns, checking Corporation Tax details or managing

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Why Understanding ROI Could Save Your Business Thousands

With rising costs, tighter cashflow and increasing pressure on small businesses, many business owners are looking for ways to save money. The natural reaction is often to cut spending wherever possible but this can sometimes create bigger problems later. One of the most important things a business owner can understand is Return on Investment, commonly

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