Valleys Accounting

🚨 MTD FOR INCOME TAX — FIRST DEADLINE: 7 AUGUST 2026 🚨

Are you self-employed, a landlord, or both?

If your combined gross income from self-employment and property exceeded £50,000 on your 2024/25 tax return, you may already be required to comply with Making Tax Digital for Income Tax from 6 April 2026.

Your first quarterly update is due by 7 August 2026. ⏰

We understand that this feels like yet another onerous HMRC obligation — and, believe us, it creates additional work for accountants too! 😩

However, it is now a legal requirement and simply cannot be ignored.

HMRC has introduced a temporary first-year easement, meaning that penalty points will not be issued solely for late quarterly updates during 2026/27. ⚠️

However, this does not mean that quarterly reporting is optional.
✅ You must keep the required digital records
✅ You must use MTD-compatible software
✅ All outstanding quarterly updates must be submitted
✅ Your 2026/27 tax return must still be filed by 31 January 2028

Crucially, HMRC will not allow the 2026/27 annual tax return to be submitted until the required quarterly updates have been completed. A backlog could therefore delay the annual return and expose you to late-return penalties, late-payment penalties and interest. 📈

It is not too late to become compliant
Valleys Accounting can help you:

📋 Check whether MTD applies to you
💻 Choose and set up appropriate software
📊 Bring your digital records up to date
📅 Prepare and submit your quarterly updates
🧾 Complete your annual tax return

Please do not wait until the annual tax-return deadline to deal with this. Taking action now will make the process considerably easier and reduce the risk of penalties later.

📞 07762 337368
📧 [email protected]
🌐 www.valleysaccounting.com⁠

🚨 Struggling with Companies House ID verification?

✅ Valleys Accounting can help.

🏢 As an Authorised Corporate Service Provider (ACSP), we can verify directors and Persons with Significant Control (PSCs) for Companies House and obtain your Companies House personal code quickly, simply and with no fuss.

😖 Many people are finding the Companies House online verification process frustrating or confusing.

🪪 As long as you have valid photo ID, such as a passport or driving licence, we can complete the verification for you and help keep your company fully compliant. ✔️

⚠️ Failing to verify when required could lead to Companies House penalties and may even put your company at risk of being struck off.

💷 Our fee is just £50.

📞 Contact Valleys Accounting today:
📱 07762 337368
📧 [email protected]
🌐 www.valleysaccounting.com⁠

🏘️ Landlords: thinking about moving your buy-to-let properties into a limited company?

You may have heard people talking about Section 162 Incorporation Relief and the Ramsay principle — but what do they actually mean?

In simple terms, Section 162 relief can sometimes allow a landlord to defer Capital Gains Tax when transferring a genuine property business into a limited company.

But here’s the important part:
It is not automatic.
HMRC will look at whether you are genuinely running a property business, rather than simply holding an investment property.

A larger, actively managed portfolio is usually a stronger case than one passive buy-to-let. That said, some single properties — such as HMOs or serviced accommodation — may involve enough day-to-day activity to warrant proper review.

Things that can matter include:
✅ Number and scale of properties
✅ Time spent managing the portfolio
✅ Tenant, repair and contractor involvement
✅ Compliance work and record keeping
✅ Whether agents do everything or you are actively involved
✅ Whether the whole business is transferred as a going concern
Section 162 relief can be very useful, but it does not make incorporation “tax-free”. It deals with Capital Gains Tax deferral only. There may still be SDLT/LTT, refinancing, legal, mortgage and future tax issues to consider.

At Valleys Accounting, we help landlords understand whether incorporation is worth exploring — and whether the numbers actually stack up.

📩 Thinking about incorporating your property portfolio? Speak to us before making any decisions.

🚨 WE’RE HIRING 🚨

The Fitness Locker is looking for one more coach to join the team.

Not just someone who can coach a session.

We’re looking for someone who genuinely cares about people.

Someone who takes pride in their work.

Someone with high standards.

Someone who wants to be part of something bigger than themselves.

This role would suit:

👊🏻 An established coach tired of the endless 1-1 PT grind
👊🏻 Someone frustrated with the reality of online coaching
👊🏻 A newer coach hungry to learn, grow and build a career within a strong team culture

You’ll join a team obsessed with helping people unlock their potential and achieve results that last.

At The Fitness Locker we believe great coaching goes beyond sets and reps.

It’s about:

✔️ Building relationships
✔️ Delivering energy and care
✔️ Creating an environment people love being part of
✔️ Helping people change their lives

If this sounds like you, we’d love to have a conversation.

📩 [email protected]
📲 Or drop us a DM

And one favour please 🙏🏻...

If someone immediately came to mind while reading this, tag them below or share this post with them. The best coaches often aren’t actively looking, but they might be exactly who we’re searching for.

Whinnys Wheels Equine Taxi will be available for transport Saturday 21st at McCartneys Equine Sales Brecon .

🐴Type 1 transporter Fully licensed .
🐴fully insured with breakdown cover
🐴 overnight stable/paddocks available until convenient to transport or for you to receive your new purchases.

I will be in attendance on the day .

🖥 click link below to view and buy ur new purchase online . You keep me updated what lots you purchased and I will take care of the rest.
https://play.google.com/store/apps/details?id=com.marteye

Contact Maud for further information
☎️07491 949 570

Much Love Maud 💓

🗑Should I ditch the dummy?🗑
This question comes up alot. In short like all sleep support this is your choice.
🦷1. If you are keeping the dummy. Work hard on making sure you are not needed through the night to put it back in. Practice self inserting in the day during tummy time. Little ones are fantastic with bringing items to their mouth.
Secondly put more dummies in the cot so it's easier to find.

🧚‍♂️2. If you are going to ditch the dummy- cold turkey is best. It usually takes a few bad nights if it is strongly linked to sleep.
More creative strategies are explored in my other dummy fairy post or there is a great book called "bea gives up her dummy"

🤯 This one almost beat me! 🤯

Severly blocked upstream pressure sensor pipe and a blocked DPF. Almost 2 hours spent fighting with the blocked pipe before it finally cleared 🙌

On car chemical DPF clean carried out to clear the blocked DPF and a steady road test allowed it to regen naturally - fault free! 😀

🔹️DPF cleaning - on or off vehicle
🔹️Chemical air intake & EGR carbon cleaning
🔹️Engine carbon cleaning
🔹️ECU Remapping

💵 Finance options available - no fees/interest