Llewellyns Chartered Certified Accountants

💻 Making Tax Digital for Income Tax is here. Are you affected? 👀

From September 2026, HMRC is beginning to automatically sign up some sole traders and landlords who should already be using Making Tax Digital for Income Tax.

If your qualifying self employed and/or rental income exceeded £50,000 in 2024/25, this could apply to you.

And remember, the £50,000 threshold is based on **gross income before expenses**, not your taxable profit. 💷

In our latest blog, we explain:

✅ Who needs to use Making Tax Digital
✅ How the £50,000 threshold works
✅ What happens if HMRC automatically signs you up
✅ What records and quarterly updates are required
✅ What to do if you think you've been signed up incorrectly
✅ The upcoming £30,000 and £20,000 thresholds

If you've received an MTD notification from HMRC, or you're simply unsure whether the new rules apply to you, it's worth getting your position checked now. 📊

🔗 Read the full blog here:
https://www.llewellyns.co.uk/making-tax-digital-income-tax-2026-2/

Need some help? Get in touch with the team at Llewellyns 👇

📍 Cardiff Office: 02920 624230
📍 Tonypandy Office: 01443 303230
📧 [email protected]

WHC Golf Day ⛳️

With the annual Whitchurch Hockey Club golf day 2 weeks away don’t forget to sign up for the day if you haven’t already 🏌️‍♀️🏌️

July can bring an unwelcome reminder from HMRC.

The second Self Assessment payment on account is usually due by 31 July, and for many sole traders, landlords and company directors, it can cause real cash flow pressure if it has not been planned for properly.

The issue is not always that the payment is unexpected.

Often, people know it is coming — but the money has not been set aside, the amount has not been checked, or the bank balance has been treated as available cash when some of it should have been reserved for tax.

In our latest blog, we explain:

✅ what the July payment on account is
✅ why it is not an extra tax bill
✅ why taxpayers often get caught out
✅ whether the payment can be reduced
✅ how to plan better for future tax bills

If your July tax payment is causing concern, it is worth checking your position before the deadline.

Read the full blog here:

https://www.llewellyns.co.uk/?p=2661&preview=true

Making Tax Digital for Income Tax is one of the biggest changes coming for sole traders and landlords.

For many people, Self Assessment has meant pulling the figures together once a year.

MTD changes that.

Affected taxpayers will need to keep digital records, use compatible software and send quarterly updates to HMRC.

This does not mean paying tax four times a year — but it does mean your records will need to be kept up to date throughout the year.

In our latest blog, we explain:

✅ who will be affected
✅ when the rules are expected to apply
✅ what quarterly updates involve
✅ whether spreadsheets can still be used
✅ what landlords and sole traders should do now

If you are self-employed, a landlord, or both, it is worth reviewing your position sooner rather than later.

Read the full blog here:

https://www.llewellyns.co.uk/making-tax-digital-income-tax-landlords-sole-traders/

When you ask a tax question, you usually want a clear answer.

That’s completely understandable.

But good tax advice rarely starts with the answer — it starts with the questions.

At Llewellyns, we take the time to understand the full picture before recommending anything. Your income, goals, family position, business structure, timing and future plans can all affect the advice.

A technically correct answer is not always the right answer for your circumstances.

In our latest blog, we explain why we ask so many questions before giving tax advice, and why that approach can help avoid rushed decisions, missed opportunities and costly mistakes.

Read the full blog here:
https://www.llewellyns.co.uk/why-good-tax-advice-starts-with-questions/

Now that the tax year has wrapped up, it’s a good time to take a step back and reflect a little 👀

Not on anything major, but on the small things that tend to cause the most stress later on.

We’ve put together a short blog on the biggest mistakes we saw over the 2025/26 tax year, including:
• Leaving things too late ⏰
• Not knowing where things stand 📊
• Not setting money aside for tax 💷
• CIS confusion 👷‍♂️

None of these are unusual, we see them every year, but they’re also very easy to avoid with a few simple habits 👍

If you want this year to feel a bit more in control (and a lot less stressful come January 😅), it’s well worth a quick read 👇

👉 https://www.llewellyns.co.uk/biggest-tax-mistakes-uk-2025-26/

How much should you actually be setting aside for tax? 🤔💷

It’s one of the most common questions we get and one that can make a huge difference come January.

The tricky part is that tax doesn’t just appear all at once… it builds up gradually throughout the year. If nothing’s being set aside, it’s very easy to get caught out later on 😅

In our latest blog, we’ve broken it down simply:
• Rough percentages to set aside 💡
• Differences between sole traders, limited companies & CIS 👷‍♂️
• Why people often fall behind (without realising)
• And how to stay ahead without overcomplicating things 👍

If you want to feel more in control this year, it’s well worth a quick read 👇

👉 https://www.llewellyns.co.uk/how-much-to-set-aside-for-tax-uk/

The new tax year has officially started 📅

For most people, it doesn’t feel urgent, there are no immediate deadlines and January feels a long way off.

But in reality, this is one of the best times of year to get things set up properly. A few simple habits now can make a big difference later on, especially when it comes to staying organised and avoiding unnecessary stress.

We’ve put together a short blog covering what actually matters at the start of the new tax year, including:
• Keeping records simple and up to date
• Setting money aside for tax early
• Avoiding the common mistakes we see every January
• Key points for subcontractors under CIS

If you want to stay ahead this year, it’s well worth a quick read 👍

👉 https://www.llewellyns.co.uk/new-tax-year-what-to-do-uk/

📊 The New Tax Year Starts Now

5 April has almost passed.
And the 2026/27 tax year is about to begin.

Now is the time to set:

• Director remuneration strategy
• Dividend planning
• Corporation Tax forecasts
• Cashflow projections
• Quarterly review dates

The most successful businesses plan from April, not January.

If you’d like to start the new tax year with a structured strategy, we’re happy to review your position.

📞 Whitchurch: 02920 624230
📞 Tonypandy: 01443 303 230
📧 [email protected]

Blog: https://www.llewellyns.co.uk/planning-for-2026-27-tax-year/

Subcontractors, you could be owed a tax refund from April 💷

If you’re working under CIS and having tax deducted each month, there’s a good chance you’ve overpaid tax this year.

We see it every year, subcontractors getting:

£1,000+ back
£2,000+ back
£3,000+ back
sometimes even more

But the biggest mistake?

👉 Waiting months to sort it.

From 6th April, your tax return can be submitted straight away, which means your refund can be processed early too.

The earlier it’s done:
➡️ The earlier you get your money back

If you’re unsure what you can claim or whether you’re due a refund, feel free to drop us a message 👍 always happy to help or point you in the right direction.

Llewellyns Chartered Certified Accountants Chartered Certified Digital Accountants in Cardiff and Tonypandy, Wales.
Expert Business and Tax Advice