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/basingstoke/resources/articles/received-a-cryptoasset-letter-from-hmrc-here-s-what-it-could-mean

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/basingstoke/resources/articles/umbrella-company-rules-update

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/basingstoke/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/basingstoke/resources/articles/what-is-a-sole-trader

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/basingstoke/resources/articles/what-you-need-to-know-about-associated-companies

Missed your second income tax payment on account? Don't panic – but don't ignore it either.

If you missed the 31st July payment deadline, it's important to act quickly.

Our latest Q&A explains:

• What happens if you miss your payment.
• When interest and penalties may apply.
• What to do if you can't afford to pay.
• How a Time to Pay arrangement could help.
• Ways to avoid the same situation next year.

The sooner you act, the more options you'll have.

Read our latest Q&A here: https://www.taxassist.co.uk/basingstoke/resources/questions-and-answers/self-assessment-tax-return-missing-your-second-payment-on-account

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

Claiming the right business expenses could help reduce your tax bill.

If you're a sole trader, it's important to know which expenses are allowable and what you can claim for. From travel and office costs to working from home, understanding the rules can help ensure you don't pay more tax than you need to.

Read our latest guide here: https://www.taxassist.co.uk/basingstoke/resources/articles/what-business-expenses-can-a-sole-trader-claim

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

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/basingstoke/resources/news/hmrc-to-start-making-tax-digital-for-income-tax-automatic-enrolment

Accurate bookkeeping is the foundation of every successful business.

Double-entry bookkeeping may sound complicated, but it's the system that helps businesses keep accurate financial records, track performance and prepare VAT returns, accounts and tax returns with confidence.

Our latest guide explains how double-entry bookkeeping works, why it's important, and how modern accounting software makes the process much simpler.

Read the full guide here: https://www.taxassist.co.uk/basingstoke/resources/articles/what-is-double-entry-bookkeeping

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

Being made redundant can be overwhelming, especially when you're unsure how your redundancy payment will be taxed.

Not all redundancy payments are treated the same. Understanding what is and isn't taxable can help you plan ahead and avoid unexpected surprises.

Our latest article explains how redundancy payments are taxed, what exemptions may apply, and what you need to know if you're receiving a redundancy package.

Read our full guide here: https://www.taxassist.co.uk/basingstoke/resources/articles/tax-on-redundancy-payments

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