Getting Your Personal Tax Records Right
Getting Your Personal Tax Records Right Why updating your details matters before the tax year ends As we approach the end of the current tax year, now is a great time for everyone to double-check that their personal details are up to date with both their employer and...
Two Major Employment Law Changes Coming in April 2026 – Is Your Business Ready?
Two Major Employment Law Changes Coming in April 2026 – Is Your Business Ready? From 6 April 2026, two significant changes under the Employment Rights Act 2025 will come into force, directly affecting payroll processing, absence management and workforce planning for...
National Minimum Wage & National Living Wage Increases from April 2026
National Minimum Wage & National Living Wage Increases from April 2026 The Government has confirmed the new National Minimum Wage (NMW) rates for 2026, including the National Living Wage (NLW). The updated rates will take effect from 1 April 2026, and employers...
What Is a Payment on Account to HMRC?
What Is a Payment on Account to HMRC? For self-employed individuals and others filing Self-Assessment tax returns in the UK, A payment on account is an advance payment towards your next year’s tax bill. It applies if your Self-Assessment tax bill exceeds £1,000 after...
What Is MTD IT, and How Will It Affect Self-Employed Individuals?
What Is MTD IT, and How Will It Affect Self-Employed Individuals? Making Tax Digital for Income Tax Self-Assessment (MTD IT) is a major change in the way self-employed individuals and landlords in the UK manage and report their taxes. It’s part of the government’s...
I am self employed – Do I need a Bookkeeper ?
BOOKKEEPING FOR SELF EMPLOYED Are you looking for bookkeeping for self employed? If you are either a sole trader or in a partnership, you will need to register as self-employed with HMRC. You will be required to complete a self assessment tax return on an annual...
Do you know what your Tax Code means?
Millions of payslips are issued each month and most taxpayers will be used to seeing the collection of numbers and letters which make up a tax code. However, many people are unaware of what that code means and consequently will not be able to determine whether their...
Fun facts about Bookkeeping and Accounts
As a critical business process, accounting isn’t usually associated with the word’s “fun” or “interesting.” I hope to now change that once and for all. With some fascinating accounting facts that you (probably) never knew — Grab a cuppa and take 5 to relax. The term...