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/hounslow-centre/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/hounslow-centre/resources/articles/umbrella-company-rules-update

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

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/hounslow-centre/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/hounslow-centre/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/hounslow-centre/resources/articles/tax-on-redundancy-payments

Coworking spaces have become an increasingly popular choice for freelancers, sole traders and small business owners, offering flexibility without the commitment of a traditional office.

If you're paying for a coworking space, it's worth knowing whether the costs could be tax deductible.

Our latest article explains the rules, what you may be able to claim, and the factors that determine whether the expense qualifies.

Read the full guide here: https://www.taxassist.co.uk/hounslow-centre/resources/articles/coworking-and-tax-deductibility-what-you-need-to-know

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

Running a hospitality business comes with enough challenges – your accounts and tax shouldn't be one of them.

Whether you run a restaurant, café, pub, hotel or takeaway, staying on top of bookkeeping, VAT, payroll and tax obligations is essential to keeping your business running smoothly.

Our latest guide explains the key accounting and tax considerations for hospitality businesses, along with practical tips to help you stay compliant and plan for the future.

Read the full guide here: https://www.taxassist.co.uk/hounslow-centre/resources/articles/accounts-and-tax-guide-for-the-hospitality-industry

Are you up to date with the latest employer changes?

Our latest article covers some of the key updates that employers should be aware of this summer, including:

• Employment Rights Bill developments - what they could mean for your business.
• New rights and protections for employees, including changes around family leave.
• Updates to Statutory Sick Pay and other workplace reforms.
• Changes that could affect employment practices and HR policies.
• Practical steps employers can take now to prepare for upcoming changes.

Keeping on top of these developments can help you stay compliant and avoid unexpected issues as the rules continue to evolve.

Read our latest article here: https://www.taxassist.co.uk/hounslow-centre/resources/articles/essential-updates-for-employers-summer

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

If you miss 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/hounslow-centre/resources/questions-and-answers/self-assessment-tax-return-missing-your-second-payment-on-account

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

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

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