TaxAssist Accountants

🏠 Many landlords are asking whether holding property through a limited company could be more tax efficient.

The answer depends on your circumstances, but there can be advantages worth exploring.
Our latest article explains the key considerations.

Read more:
https://www.taxassist.co.uk/accountants/aberdeen/resources/articles/why-hold-your-properties-through-a-limited-company

People love supporting local businesses…but first, they need to find you.

Whether it's improving your Google Business Profile, sharing behind-the-scenes content on social media or creating a great in-store experience, there are lots of ways to attract more local customers.

Read our latest guide for practical ideas you can start using today:
https://www.taxassist.co.uk/aberdeen/resources/articles/how-small-businesses-can-encourage-customers-to-shop-local

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/aberdeen/resources/articles/a-beginners-guide-to-direct-debit-for-small-business-owners

🏢 Companies House reforms are changing the way businesses operate and file information.

From identity verification requirements to greater transparency and compliance obligations, directors should ensure they understand what the changes mean.

Read the full article:
https://www.taxassist.co.uk/accountants/aberdeen/resources/articles/how-do-the-companies-house-reforms-affect-my-business

☀️ Thinking about turning a property into a holiday let?

While the Furnished Holiday Let tax relief scheme has ended, there are still valuable allowances and planning opportunities available to property owners.

Our latest newsletter looks at what expenses may still qualify and why Aberdeenshire remains an attractive location for holiday lets.

Read more:
https://985ou.r.a.d.sendibm1.com/mk/mr/sh/OycXxko2a8zXNWXmmKB5KBmP/FzYS0qsIo-Pf


🍽️ Exciting news for Banchory and the wider north-east.

June 2026 Newsletter If you provide taxable benefits and do not payroll them, you are required to submit P11D forms for the 2025/26 tax year by 6th July.

Missed the P11D deadline? Don't panic.

If your business provides employees with benefits such as company cars, private medical insurance or other benefits in kind, missing the P11D deadline could lead to penalties and interest from HMRC. Acting quickly can help minimise the impact.

Find out what happens next, what penalties may apply, and the steps you should take:
https://www.taxassist.co.uk/aberdeen/resources/articles/what-happens-if-you-miss-the-p11d-deadline

Not sure how directors should pay themselves?

Our latest guide covers salaries, dividends and other key considerations to help you understand your options: https://www.taxassist.co.uk/aberdeen/resources/articles/your-guide-to-directors-pay-in-the-uk

💷 The temporary 5% VAT rate created opportunities for some businesses, but understanding how and when the rules apply is essential.

If you're unsure whether your business could benefit, our latest article explains what you need to know.

Read more:
https://www.taxassist.co.uk/accountants/aberdeen/resources/news/what-businesses-need-to-know-about-the-five-percent-vat-rate-cut-this-summer

Do you work at sea outside the UK?

If so, you could be eligible for the Seafarers' Earnings Deduction, helping you reduce your UK tax bill.

Find out if you qualify, what records you'll need to keep, and how to make a claim in our latest guide: https://www.taxassist.co.uk/aberdeen/resources/articles/a-guide-to-understanding-the-seafarers-earnings-deduction

📊 Significant changes are coming to company reporting requirements.

Businesses will soon be required to file profit and loss accounts, although new privacy measures are also being introduced.

Understanding the changes now can help avoid surprises later.

Read the full article:
https://www.taxassist.co.uk/accountants/aberdeen/resources/news/profit-and-loss-accounts-will-be-mandatory-but-privacy-option-introduced

Whether you're a first-time landlord or have owned rental property for years, it's worth checking you're meeting your tax obligations.

Our latest article explains when UK property income needs to be reported to HMRC and what you should know.

Read the full guide: https://www.taxassist.co.uk/resources/questions-and-answers/do-you-have-to-report-uk-property-income-to-hmrc

Part 1 of 2 | Making Tax Digital for Income Tax

Making Tax Digital for Income Tax is changing the way many sole traders and landlords report to HMRC.

One of the biggest changes is the introduction of quarterly updates, with the first deadline falling on 7th August.

In this carousel, we're breaking down:

✔️ Who needs to submit quarterly updates
✔️ What information needs to be included
✔️ The key deadlines to know

Want to dive into the detail?

Read our full guide here: https://www.taxassist.co.uk/resources/articles/making-tax-digital-for-income-tax-how-to-make-a-quarterly-update

Second Payment on Account due by 31st July?

Not sure if you need to pay it, or wondering why it's due?

Our latest article explains who needs to make a second tax payment on account to HMRC, when it's required, and what to do if your income has changed.

Read the full guide here: https://www.taxassist.co.uk/resources/questions-and-answers/when-to-pay-a-second-payment-on-account

From phishing scams to ransomware, every business can be at risk but, a few smart steps can make all the difference.

Understanding the risks is the first step to protecting your data, finances, and reputation.

Find out how to strengthen your cyber security and safeguard what matters most in our latest article ⬇.

Read more: https://www.taxassist.co.uk/resources/articles/how-to-protect-your-business-from-cyber-attacks

The heatwave is here! ☀️

Now is a good time for employers to take extra steps to keep staff safe and comfortable during hot weather.

✔️ Provide plenty of drinking water
✔️ Allow regular breaks
✔️ Improve ventilation where possible
✔️ Consider flexible working arrangements
✔️ Relax dress codes if appropriate

A few simple adjustments can make a big difference to employee wellbeing and productivity.

Are you one of the 500,000 still not registered for Making Tax Digital (MTD) for Income Tax?

Don't get caught out by the upcoming changes.

Our MTD Knowledge Hub explains who is affected, what's changing, and how to prepare: https://www.taxassist.co.uk/knowledge-hubs/making-tax-digital

Don’t leave your Self-Assessment tax return until January!

Filing early comes with more benefits than you might think 👇

✅ Know exactly what you owe in advance
✅ More time to budget for your tax bill
✅ Avoid last-minute stress and deadlines
✅ Reduce the risk of mistakes from rushing
✅ Get peace of mind knowing it’s sorted

You don’t have to pay your tax bill straight away - but filing early means you can plan ahead with confidence.

Want to learn more about the benefits of filing early in more detail?

Read our latest article here: https://www.taxassist.co.uk/resources/articles/the-benefits-of-filing-your-tax-return-today

Do you need a business bank account?

Not all businesses are legally required to have one – but there are many advantages, from keeping finances organised to looking more professional.

Our helpful guide explains why you might need a business bank account, how to choose the right one and how to apply successfully.

Read the full article here: https://www.taxassist.co.uk/resources/articles/why-you-need-a-business-bank-account-and-how-to-choose-one