TaxDeep

Key Changes from 1 April 2026: Why Is It Changing? What Should You Do Before April 2026? How to Save Your Previous Filings: Free or Low-Cost Filing Options: Software Type Features Cost Taxfiler (IRIS) Commercial CT600 + Company Accounts + XBRL ~£10/month BTCSoftware Commercial Full-featured tax platform From ~£200/year GoSimpleTax Personal For sole traders/self-assessment Free…

Read More “HMRC and Companies House Free Filing Service Ending (Effective April 2026)” »

Starting with tax years beginning after 2023, the Canada Revenue Agency (CRA) requires all corporations, including inactive corporations, to file their T2 Corporation Income Tax Returns electronically. Failure to comply may result in a $1,000 penalty. What Does This Mean for Inactive Corporations? An inactive corporation—one that had no business activity or income during the…

Read More “We offer Affordable Options for E-Filing T2 for Inactive Corporation Under New CRA Mandates” »

The European Union’s most recent update to its “tax haven blacklist” in October 2024 lists eleven jurisdictions as non-cooperative for tax purposes. These countries include: This blacklist is part of the EU’s ongoing efforts to encourage transparency and prevent tax evasion. Countries on the list may face various defensive measures from EU member states, potentially…

Read More “THE EU UPDATES ITS TAX HAVENS LIST” »

Opening a bank account in Liechtenstein can be appealing due to the country’s stable economy, banking privacy, and secure financial system. However, due to international financial regulations (e.g., anti-money laundering laws), Liechtenstein banks follow strict Know Your Customer (KYC) policies, especially for non-residents. Here’s a step-by-step guide on how to open a bank account in…

Read More “How to open Liechtenstein bank account” »

What is Open-Source Software? Open-source software is a type of program for you and your IT team to examine and adjust its coding to fit your business requirements. This type of solution differs from free software. Open-Source vs. Free Software It’s easy to confuse free with open-source software, but in actuality, they’re as similar as…

Read More “The Best Open-Source Bookkeeping Software” »

Big changes could be coming to Canada’s banking system, creating new opportunities for Canadians to control and streamline how they manage their money, but also giving rise to new cybersecurity needs. Here’s a look at what open banking, a set of financial policies adopted abroad and proposed for as soon as next year by the…

Read More “Open banking could be coming to Canada. Here’s what you need to know” »