Name: Swindells Chartered Accountants
Address: Wilson House, 48 Brooklyn Road, Seaford, East Sussex, BN25 2DX
Price range: ££

Overheads

Stuart Mack

06/07/2022

Changes to basis period rules for the Self-employed

To prepare for Making tax digital for Income Tax Self-Assessment the basis period rules for businesses that are unincorporated will no longer stand. The basis period for the self-employed is the period of accounts that is taxed each year. Replacing this will be an assessment of profits for the tax year.

Government sets out new plans for data protection

Once the UK left the EU, rules surrounding data protection were taken into domestic law virtually unchanged as UK GDPR. That situation is set to change as the government has published its response to Data: a New Direction, a 2021 consultation on reforms to create “an ambitious, pro growth and innovation friendly data protection regime”.

How inflation will affect small businesses

Increased demand, high energy prices and supply chain issues have all put pressure on the economy – inflation has risen and is expected to get even higher. How will the increase affect you? Start preparing your business and protecting your supply chains.