Expert accountants for small businesses, freelancers & contractors. Low fixed fees & unlimited support - helping you save time & stay tax-efficient ๐ท
REMINDER ๐จ
Your next MTD quarterly update deadline is TOMORROW (7th November) if you're a sole trader or landlord with qualifying income over ยฃ50,000, based on your 2024/25 tax return
UK Company Directors: Have you verified your identity with Companies House yet?
The deadline is approaching, and if youโre a company director or PSC, itโs important to understand what you need to do to stay compliant ๐งโโ๏ธ
First year self-employed? You might need to register for Self Assessment โฐ
If you started working for yourself during 2025/26 and earned over ยฃ1,000, youโll generally need to register with HMRC by the 5th October 2026
Haven't signed up for MTD ITSA yet? HMRC might do it for you
๐ From Sep 2026, HMRC will auto-enrol sole traders/landlords who haven't signed up
๐ Applies if income was ยฃ50k+ in 2024-25 tax year
๐ They'll write to confirm plus next steps
Beat them to it by signing up yourself
If your company profits are between ยฃ50k-ยฃ250k, you might be eligible for Marginal Relief
Not sure where you stand? Chat to an accountant to make sure you're paying the right amount
#corporationtax#taxtips#smallbusinessuk
Company Directors: your self assessment reporting has changed ๐
From 2025/26, you may need to provide HMRC with extra details about dividends and shareholdings - even if you havenโt taken money out of the company
Donโt leave it until filing time!
Want more control over your business finances? ๐
Cash flow forecasting can help UK small business owners see whatโs ahead, plan with confidence and make better financial decisions
Drowning in spreadsheets? Not sure what you can claim?
Here's how to know it's time to hire an accountant ๐
Save this for later. The last one could save you from an HMRC penalty ๐ท
๐จ Business owners: VAT has been cut from 20% to 5% on selected family activities & children's meals until 1st September 2026
If you're eligible, update your pricing & till systems. Includes cinemas, theatres, theme parks, zoos, museums & more
โ Sports facilities excluded