ACSP Changes: What business owners need to know What is the ACSP reform? ACSP changes mean accountants, formation agents, and similar firms must register as Authorised Corporate Service Providers (ACSPs) if they want to: Verify identities of company directors or PSCs (People with Significant Control), or File certain documents on behalf of clients at Companies […]
Making Tax Digital Securely: Protecting Your Data While Staying Compliant Making Tax Digital (MTD) has transformed the way businesses and accountants manage tax. Returns are now submitted directly to HMRC using approved digital software — faster, easier, and more accurate. But with every digital advantage comes new risks. Financial data, once stored in paper files, now […]
Windows 10 End of Life: Why now matters for your Cyber Security What’s happening? Windows 10 End of Life means that Microsoft has officially ended support for Windows 10 as of 14 October 2025. (Microsoft) This means PCs still running Windows 10 will no longer receive security patches, updates or official technical support. Why it […]
SA302 Tax Calculations: What They Are and When You Need One If you’re self-employed and applying for a mortgage or loan, the lenders will often ask for SA302 tax calculations. But what exactly is it, and how do you get one? Here’s everything you need to know. What are SA302 Tax Calculations? SA302 calculations are produced […]
Tax Year Overviews: What They Are and Why You Might Need One If you’re applying for a mortgage, loan, or other type of finance, the lender will often ask for proof of your income. Many self-employed people assume their tax return is enough — but lenders usually want a Tax Year Overview (TYO) as well. […]
Making Tax Digital is coming – get ready now From April 2026, Making Tax Digital (MTD) for Income Tax will transform how self-employed individuals and landlords manage their tax. In fact, it’s the biggest change to Income Tax since HMRC launched Self Assessment more than 30 years ago. Who’s affected: Firstly from April 2026: Sole […]
Starting a limited company is exciting — but the accounting rules in the first year can catch new directors by surprise. One of the most common issues is that you may need to file 2 Corporation Tax returns in the first year. Here’s why it happens and what you need to do. Why 2 Corporation […]
When you set up a limited company, one of the first filing obligations you’ll face is preparing your annual accounts. But many new directors are surprised to find that their first Limited Company Accounts usually cover more than 12 months. Here’s why — and what it means for you. Why Are First Limited Company Accounts […]
Self Assessment Expenses Explained If you’re unsure what you can and can’t claim on your tax return, this guide to Self Assessment expenses explained will help. Understanding which costs are allowable could reduce your tax bill significantly. What Are Self Assessment Expenses? HMRC allows certain business-related costs to be deducted from your income before calculating […]
If you’re filing a tax return, avoid these top 5 Self Assessment mistakes to save money and stay compliant. Top 5 Self Assessment Mistakes 1. Missing the Deadline Self Assessment deadlines are: 31 January – for filing online returns and paying any tax owed 31 July – for the second payment on account (if applicable) […]
