Waltons blog
Keeping you up to date
We’re constantly checking out what’s going on in the business world and exploring the latest changes. We’ll keep you informed as to how these changes could affect you and your business with our complementary blog articles.
We’re always here to help, and if there are any topics you would want us to cover, please let us know and we’d we happy to do so.
Cash basis changes for sole traders and partnerships
For accounting periods starting after 6 April 2024, for sole traders or partners, the cash basis is the default way to work out your income and expenses in order to file your Self Assessment tax return. This is a simplification method to aid the implementation of...
Abolition of Furnished Holiday Lettings Status (FHL)
Abolition of Furnished Holiday Lettings Status (FHL’s) tax status. What does this mean … and does this also impact Airbnb type lets? In the last Budget, it was announced that the furnished holiday let regime will be abolished from 6 April 2025. A property qualifies...
The Teesside Flexible Investment Fund launched by FW Capital
FW Capital has launched its new £20 million Teesside Flexible Investment Fund. With investment from the Teesside Pension Fund, the £20 million Teesside Flexible Investment Fund aims to tackle identified funding gaps in the region, providing support with buying a...
An update on HMRC’s Making Tax Digital for Income Tax Self Assessment (MTD for ITSA)
An update on Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) ... (MTD for ITSA) The self-employed and landlords The mandatory use of MTD for ITSA compatible software is being phased in by H M Revenue & Customs for certain self-employed individuals...
Capital Allowances … Tax deductions UK business can claim on eligible capital expenditure
Tax deductions that UK businesses can claim on eligible capital expenditure, such as machinery, equipment and property improvements. Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits...
HMRC Tax Investigations … find out more
HMRC can start an investigation, enquiry or check into your personal or business affairs at any time. A check, enquiry or investigation by H M Revenue and Customs into your business or personal affairs can happen to anyone, and can be costly, even if you’ve done...
Child Benefit … changes which you may wish to review
Child Benefit: A reminder in relation to changes you may have previously made ... and which you may now wish to review. Child benefit was previously repaid (via a Tax Return) if one member of the household earned over £50,000 in a tax year. The amount received was...
A new Government … what changes can we expect?
With Sir Keir Starmer’s new Government now in place … we await further details as to when the new Chancellor, Rachel Reeves, will deliver her first Budget announcement. We’ll keep you up to date in relation to any tax-related changes. Please note: Our blog...
Some of the lovely new additions to #TeamWaltons
Meet the Team ... Let's introduce you to some of the lovely new additions to #TeamWaltons. You may have already met them … From left to right: Kadir, Isobel, Ben and Paige. Kadir Shabir Kadir started his accountancy career in 2012, gaining his ACCA qualification in...
Waltons welcomes work experience students
It's been a pleasure to have Brandon and Tahmid, who are Sixth Form students from English Martyrs Catholic School & Sixth Form College, with us this week. Our team would like to thank Brandon and Tahmid for the interest and enthusiasm they have shown, while...
Come On England
⚽️ All the best for Sunday England from #TeamWaltons ⚽️ #Euro2024 #ThreeLions #EnglandEuro2024 #football
Welcoming Work Experience Students
Last week we had the pleasure of welcoming two lovely students from High Tunstall College of Science, who spent time with each of our teams to gain an insight into the world of accountancy through work experience. This week we are delighted to welcome Jay, who has...
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