Part of the established Affinity Associates network, we combine over 60 years of national accountancy expertise. Offering accountancy and taxation services.
Budget for company owners: dividend rates unchanged, first year allowance up to 50% from 1 Jan 2027, Business Asset Disposal Relief limit down to £500k from 6 Apr 2027. Timing could matter. #Budget
Making Tax Digital for Income Tax: over £50k (2024/25) started Apr 2026, over £30k (2025/26) starts 6 Apr 2027, over £20k (2026/27) starts 6 Apr 2028. Not sure? Ask us. #MTD
“George made the entire year-end process for me completely stress-free.” Thank you for the 5 star review. Want a calmer year end? Message Affinity Associates Isaacs & Co. #ClientReview
Small gift for staff? It can be tax free if it costs £50 or less, isn't cash or a cash voucher, and isn't a reward for work. Directors of close companies: £300 cap a year. #TrivialBenefits
Budget update: nothing changes today, but from April 2027 the trading allowance rises from £1,000 to £3,000 and property income is taxed at 24%, 44% and 49%. Plan ahead, no need to rush. #Budget
Self-Assessment checklist: 1) gather your records, 2) know your dates (30 Dec for tax code, 31 Jan 2027 for filing and paying), 3) file early and plan the payment. New video. #SelfAssessment
Myth: “Can't pay, so I won't file.” Filing and paying are separate, and each has its own penalties. File on time and talk to HMRC early about a payment plan. Deadline: 31 Jan 2027. #SelfAssessment
Self employed? Before you claim an expense, ask: is it a business cost? Mixed use means claim the business part only. Money you take for yourself is not an expense. Keep the receipt. #SoleTrader
Missed the 31 Oct paper tax return deadline? If you hadn't sent one, you can usually avoid the penalty by filing online by 31 Jan 2027. Don't send a late paper return. #SelfAssessment
Treating your team at Christmas? Staff party: open to all, annual, £150 or less per head. Small gifts: £50 or less, not cash. Keep the two separate. New video. #ChristmasParty
Myth: “Any gift under £50 is tax free.” Not always. It can't be cash or a cash voucher, a reward for work, or part of a contract. Directors of close companies: £300 a year cap. #TaxMyths
Staff Christmas party? It can be tax free if it is open to all staff, held annually, and costs £150 or less per head. Check before you book, not after. #ChristmasParty
Two dates this week. Wed 28 Oct: Autumn Budget (many changes start later, so wait for the detail). Sat 31 Oct: paper tax return deadline, 11:59pm. Online? You have until 31 Jan 2027. #SelfAssessment
Budget day is next Wednesday. Three things to do now: don't act on headlines, get your Self Assessment done early (filing early does not mean paying early), and plan before 5 April. New video. #Budget