TaxAssist Accountants

Receiving a cryptoassets 'nudge' letter from HMRC shouldn’t be ignored.

Our latest article explains why HMRC may have contacted you, what information you should check and the steps to take next.

Read the full article: https://www.taxassist.co.uk/aberdeen/resources/articles/received-a-cryptoasset-letter-from-hmrc-here-s-what-it-could-mean

If your business uses contractors, there is an IR35 change worth having on your radar now.

The company-size thresholds used for off-payroll working increased from 6 April 2025. Because business size is assessed using previous years, HMRC says the practical impact on IR35 responsibilities will not be felt until 6 April 2027 at the earliest.

Our August newsletter looks at what this could mean for businesses working with contractors.
Read the latest newsletter:

https://985ou.r.ag.d.sendibm3.com/mk/mr/sh/OycXxko2a8zXNWXmmKB5KBmP/qxCGnIrLa1LL

Updated umbrella company rules have changed who may be responsible for unpaid PAYE and National Insurance.

Our latest article explains what has changed, who is affected and what businesses should do now.

Read the full article: https://www.taxassist.co.uk/aberdeen/resources/articles/umbrella-company-rules-update

“Can I put that through the business?” is a question most sole traders ask sooner or later.

The answer depends on what the cost is for and how it is used. Missing legitimate business expenses can mean paying more tax than you need to, while claiming the wrong things can create problems later.

This guide explains the common expenses sole traders may be able to claim, without drowning you in accountancy jargon.

Read the guide:
https://www.taxassist.co.uk/accountants/aberdeen/resources/articles/what-business-expenses-can-a-sole-trader-claim

Want useful tax and business updates before they appear in your social feed?

Our August newsletter covers Junior ISAs, Companies House identity checks, IR35 changes and practical guidance for sole traders and self-employed people.

We keep it readable and short enough to finish with a cup of coffee.

Join the mailing list and the next issue will come straight to your inbox:
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Financial advice is everywhere on social media – but can you trust the person sharing it?

Our latest article explains what finfluencers are, the rules they must follow and why the FCA is cracking down on illegal financial promotions.

Read the full article: https://www.taxassist.co.uk/aberdeen/resources/articles/finfluencers-explained-what-they-are-and-why-do-they-matter

Thinking of becoming self-employed?

One of the first decisions you'll make is whether to operate as a sole trader. It's a popular choice for many new business owners, but it's important to understand what it means for your tax, responsibilities and finances.

Our latest guide explains everything you need to know to help you decide if becoming a sole trader is right for you.

Read the full guide here: https://www.taxassist.co.uk/aberdeen/resources/articles/what-is-a-sole-trader

Company director?

There is one piece of Companies House admin worth checking before your next confirmation statement lands.

Identity verification is now a legal requirement for directors and people with significant control. If you have not verified yet, it is better to sort it now than discover the problem when you are trying to file something.

Our August newsletter explains what you need to do and where to start.

Read the latest newsletter:
https://985ou.r.ag.d.sendibm3.com/mk/mr/sh/OycXxko2a8zXNWXmmKB5KBmP/qxCGnIrLa1LL

Back to school usually means new shoes and getting everyone back into a routine. It can also be a useful prompt to think a little further ahead.

A Junior ISA lets families save tax-free for a child, with up to £9,000 able to be paid in during the 2026/27 tax year. The money belongs to the child and stays tucked away until they turn 18.
If you have been meaning to start saving for the longer term, our August newsletter explains the basics in plain English.

Read the latest newsletter:
https://985ou.r.ag.d.sendibm3.com/mk/mr/sh/OycXxko2a8zXNWXmmKB5KBmP/qxCGnIrLa1LL

Do you own or control more than one limited company?

If so, it's important to understand the associated companies rules, as they can affect the rate of Corporation Tax your company pays and whether you're eligible for Marginal Relief.

Our latest article explains what associated companies are, how the rules work and what they could mean for your business.

Read the full guide here: https://www.taxassist.co.uk/aberdeen/resources/articles/what-you-need-to-know-about-associated-companies

From new record-keeping requirements, to upcoming Right to Work changes, there are several important developments that businesses need to be aware of.

Swipe through our carousel for an overview of:

✅Holiday pay record-keeping requirements
✅The new Fair Work Agency
✅Payments for low earners who have missed out on pension tax relief
✅Expanded Right to Work checks

Read the full article for more essential updates and guidance: https://www.taxassist.co.uk/resources/articles/essential-updates-for-employers-summer

Still chasing customer payments? 🤔

Using Direct Debit can help you collect regular payments automatically, giving you more time to focus on running your business instead of chasing invoices.

Find out how it works in our latest guide:

https://www.taxassist.co.uk/resources/articles/a-beginners-guide-to-direct-debit-for-small-business-owners

HMRC is stepping up its approach to Making Tax Digital for Income Tax.

From September 2026, HMRC will begin automatically registering eligible sole traders and landlords who should already be within MTD but have not yet signed up.

Signing up yourself now gives you more time to ⬇️:

✅ Check your details are correct
✅ Choose suitable MTD-compatible software
✅ Prepare your digital records
✅ Understand your reporting requirements

If you think you may be affected, don’t wait for HMRC to contact you.

Read our full update to find out more: https://www.taxassist.co.uk/resources/news/hmrc-to-start-making-tax-digital-for-income-tax-automatic-enrolment

Running a successful high street business takes the right mix of planning, promotion and great customer experience.

Here are some key tips to help you get started ⬇

Read our full guide here : https://www.taxassist.co.uk/accountants/resources/articles/how-to-run-a-successful-high-street-business

Thinking about expanding your business? Make sure you have a plan in place first.

Business growth can be an exciting opportunity but expanding too quickly or without the right preparation can create unnecessary challenges.

Our latest article explores some of the key dos and don'ts of business expansion, including:

• Planning your growth strategically.
• Keeping a close eye on cash flow.
• Understanding your tax and compliance obligations.
• Knowing when to seek professional advice.

Read our latest guide here: https://www.taxassist.co.uk/resources/articles/dos-and-don-ts-when-expanding-your-business

Could your coworking costs be tax deductible? 🖥️

Coworking spaces offer flexibility, networking opportunities and a professional place to work - but can you claim the costs as a business expense?

Swipe through to learn more, then read our full article for all the details: https://www.taxassist.co.uk/resources/articles/coworking-and-tax-deductibility-what-you-need-to-know

Got tax questions? We've got answers.

From self-assessment tax returns to VAT, find clear, expert advice on all your accounting queries in one place ⤵️

https://www.taxassist.co.uk/resources/questions-and-answers

New to running a limited company?

Corporation Tax can seem daunting at first, but understanding the basics early can save you time, stress and costly mistakes.

Swipe through for a quick overview, then read our latest guide for everything you need to know ➡️: https://www.taxassist.co.uk/resources/articles/corporation-tax-a-beginner-s-guide-for-newly-incorporated-businesses