Dec 09, 2025
From April 2026 the rules on Making Tax Digital (MTD) will change for many sole traders and landlords and it’s important you know what will and won’t affect you. Under MTD for Income Tax Self Assessment (MTD for ITSA), those with gross income (before expenses) from self-employment or property above certain thresholds will need to keep digital records and send regular updates to HM Revenue & Customs (HMRC). If your qualifying income exceeds £50,000 a year, you will be mandated…
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Nov 28, 2025
The morning after the Autumn Budget 2025, we hosted our breakfast briefing event, unpacking a Budget that arrived with more drama than clarity. After weeks of leaks, political theatrics and speculation, we finally have a detailed picture of the government’s tax and spending plans and what they mean for individuals, business owners and employers. Below is our clear, jargon-free summary of the key measures and the practical implications you should be aware of. Personal Tax and National InsuranceFrozen thresholds continue…
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Nov 19, 2025
Myth #2: DIY bookkeeping with spreadsheets is enough for a small businessMany small businesses believe that a simple spreadsheet will suffice indefinitely. However, you can no longer use spreadsheets for VAT and with MTD for income tax coming in next year, soon everyone will need to use third party software. Fact #2: Outsourced or professional bookkeeping saves time and riskWhen you outsource to a specialist bookkeeping service, you free yourself to focus on your core business operations while experts handle…
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Nov 19, 2025
Myth #1: Bookkeeping is just about ticking boxes for complianceIt’s commonly assumed that bookkeeping mainly exists to satisfy the regulatory requirements (VAT, HMRC filing, etc.). While compliance is indeed an essential part (our bookkeeping service supports your business with VAT submissions and keeping records up to date) bookkeeping can (and should) deliver so much more. We use systems such as Xero, Sage and QuickBooks, giving you detailed insight into your financial position monthly, quarterly or weekly. Good bookkeeping becomes a…
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Oct 23, 2025
From 18 November 2025, every company director and Person with Significant Control (PSC) must have their identity verified by Companies House. This is part of the government’s plan to make the companies register more secure and transparent. If you’re a small business owner, especially in the construction sector where multiple directors or project companies are common, it’s vital to get this right early. Here’s how: Step 1 – Check who needs verifying List every current director and PSC for your…
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