MTD Part 2: Software, Sign Up Deadlines and Penalties
In Part 1, we covered who needs to make quarterly submissions to HMRC under Making Tax Digital for Income Tax. In this second part, we look at the practical side of getting ready: the software you need, when to sign up, what information HMRC will ask for what penalties may still apply. How HMRC decides […]
Making Tax Digital April 2026: Qualifying Income Explained
Part 1 — Qualifying Income Explained (April 2026) This is Part 1 of our Making Tax Digital (MTD) guide for self-employed people and landlords. It explains “qualifying income” — the key figure HMRC uses to decide who must enrol for Making Tax Digital for Income Tax from 6 April 2026. If your qualifying income is […]
HMRC payroll changes for 2026/27: is your payroll ready?
For many employers, payroll is something that only gets attention when a problem arises. Unfortunately, by the time an issue appears in payslips, HMRC reporting, or employee queries, it can already be costing time, money, and confidence. That is why it is worth reviewing the HMRC payroll changes for 2026/27 before the new tax year […]
New Year bookkeeping tips
The period between Christmas and New Year is often quieter for small business owners. It’s a time when many people start thinking about the year ahead and how they want things to feel — less rushed, more organised, and hopefully less stressful. When it comes to finances, the good news is that starting the new […]
Christmas Party. Do you know accounting rules with regards to Xmas parties, what can be deducted?
[et_pb_section fb_built=”1″ _builder_version=”4.6.5″ _module_preset=”default”][et_pb_row _builder_version=”4.6.5″ _module_preset=”default”][et_pb_column type=”4_4″ _builder_version=”4.6.5″ _module_preset=”default”][et_pb_text _builder_version=”4.6.6″ _module_preset=”default”] Xmas party time is almost upon us. Obviously depending on the current situation due to the Coronavirus, you may want to invite your employees to the Xmas party; if allowed. It is an exceptionally good way to show your employees appreciation and to build […]
Which Business Expenses Can Be Deducted from Tax? A Practical Guide for Ltd directors working from home.
Running a business from home in the UK is not only about managing daily operations but also about optimizing costs. One of the key tools to improve financial efficiency is deducting business expenses from tax. This article provides detailed information to help you understand which expenses you can include in your accounting records. 1. Office […]
Maximise Your Savings: Energy Efficiency Tax Relief for UK Businesses
In an era where sustainability is not just a buzzword but a business imperative, the UK government is offering substantial incentives for companies investing in energy efficiency. These tax reliefs and support programmes not only help businesses reduce their operational costs but also contribute to the nation’s environmental goals. Let’s explore how your company can […]
5 Clever Ways to Reduce Taxes for Your UK Construction Company
[et_pb_section fb_built=”1″ _builder_version=”4.27.2″ _module_preset=”default” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″][et_pb_row _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”] Did you know your construction company could be paying significantly less in taxes than it currently does? As an experienced accountant specialising in the construction industry, I want to share with you five proven methods that will help […]
Why It’s Worth Organising Corporate Events
[et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”] Corporate events are an excellent way to build teamwork, boost employee morale, and create a positive atmosphere at work. Besides the benefits associated with integration and relationship building, there are also specific financial advantages that these events can offer. 5 reasons to […]
Why Business Entertainment Expenses Are Not Tax-Deductible
[et_pb_section fb_built=”1″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.25.1″ _module_preset=”default” global_colors_info=”{}”] Many businesses utilise various forms of business entertainment, such as shared meals, sporting events, or gifts for clients, to build better relationships and promote their services. While these activities may seem like a justified part of running a business, there are specific rules […]