News & Updates
Helpful Tips and Updates
There’s always something new and interesting to learn in the dynamic field of accounting. Manage your finances correctly and minimize loss by reading about the latest industry developments. Don’t forget to check out my accounting tips and stay informed on the best practices for handling personal finance.
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MTD Compliance Notice
**🚨 New HMRC Making Tax Digital Deadlines Are Coming!**
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From April 2026 onwards, landlords and self-employed individuals must use approved digital accounting software if their total income from property and self-employment exceeds certain thresholds:
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– £50,000+ from April 2026
– £30,000+ from April 2027
– £20,000+ from April 2028​
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Avoid penalties and stay ahead by moving to FreeAgent — the cloud-based, HMRC-compliant solution I specialise in. I’ll set you up quickly, make quarterly submissions painless, and support you every step of the way.
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Book your FreeAgent setup today and secure a seamless transition.​​
10 Tips to Filing Tax Returns
But one way or the other, if you’re self-employed, you’re obliged to file a return.
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Here are 10 practical tips to make the process as smooth as possible:
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- File your return online
- Be organised
- Don’t throw out or delete your documentation
- Be clear on what expenses you can claim
- Claim tax relief on your pension contributions
- Beware of the time limitation on claiming tax relief
- Use a good accounting software package
- Also, a cloud-based accounting package can be very useful
- Check your eligibility for claiming
- Start your own Business Relief
- File on time
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