Little Fish Accountants Limited

We are Recruiting! 🐠🐠🐠

We are seeking a part time skilled Senior Accounts Specialist to join our team.

Accounts Senior -with a minimum of two years practice experience in a senior role, you will be an integral part of our team, dealing with clients across a wide range of industries, must be AAT or equivalent.

Interested in applying?

Drop us your CV and covering letter to

[email protected]

Making Tax Digital

Are You Prepared for What’s Ahead? The rollout of Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) is fast approaching. If you're self-employed or a landlord, these changes will impact how you report your income to HMRC.

📅 Key Implementation Dates

April 2026 – Applies to individuals with turnover over £50,000
April 2027 – Extends to those with a turnover between £30,000 and £50,000
April 2028 - includes those with a turnover over £20,000

🔄 What’s Changing?

Quarterly submissions will replace the traditional annual tax return
Digital record-keeping will become a legal requirement
Separate reporting for each business activity will be introduced

🛠️ How to Get Ready

✅ Review your income to see if you fall within the new thresholds
✅ Transition to digital bookkeeping using MTD-compliant software
✅ Familiarise yourself with quarterly filing deadlines
✅ Seek expert tax advice to ensure a smooth and compliant transition

Need support navigating these changes? 📞 Contact us today for tailored guidance and full HMRC compliance.

HMRC has been writing to taxpayers to tell them their savings will incur tax. HMRC has announced it is planning to use data received from banks and buildings societies to update tax calculations for the 23/24 tax year

If you’re self employed, the change should not have a big impact because you will report the bank interest on your tax return as normal and settle your tax liability at the normal July and January payment dates.

If you’re employed or in receipt of a pension, you may see a higher amount of tax taken from your income but many people will be eligible for the Personal Savings Allowance. For basic rate taxpayers, the Allowance is £1,000 and for higher rate taxpayers (anyone earning over £50,270) the allowance is £500. For top earners facing the additional rate of tax of 45%, there is a zero personal savings allowance, which means all saving interest is taxable.

You should always check your tax code or tax calculations. If you spot an error or you believe your actual income will differ significantly to the adjustment to your tax code, you should contact HMRC

If you are unsure or need any further assistance please contact our office.

We are Recruiting! 🐠🐠🐠

We are seeking a skilled Senior Accounts Specialist to join our team.

Accounts Senior -with a minimum of two years practice experience in a senior role, you will be an integral part of our team, dealing with clients across a wide range of industries, must be AAT or equivalent.

Interested in applying?

Drop us your CV and covering letter to

[email protected]