London Accountants

Employers, Are You Ready for the New Tax Year? 👀

As the 2025/26 tax year draws to a close, employers should start preparing for the key payroll tasks that come with the transition into a new tax year.

If you run a payroll, there are a few important steps to complete to ensure you remain compliant with HM Revenue and Customs (HMRC) requirements. The current tax year ends on 5 April 2026, and the new tax year begins on 6 April 2026.

https://londonaccountants.co/employers-are-you-ready-for-the-new-tax-year/

Fraud Awareness - Simple Steps to Protect Your Money�!

Fraud now accounts for around 40% of crime in the UK, making it one of the most common threats facing individuals and businesses today. The challenge is that fraud doesn’t always look suspicious. In fact, it often appears as part of everyday business; an email from a supplier, a message about a payment, or a phone call from someone claiming to be your bank.�

Because fraudsters rely on deception rather than force, awareness is one of the most powerful tools you have to protect yourself and your organisation. Knowing what to look out for and taking a few simple precautions can significantly reduce the risk.�

Read our article for simple steps to help avoid fraud - https://londonaccountants.co/fraud-awareness-simple-steps-to-protect-your-money/

Employment Rights Act: What Changes Are Coming First?

The Department for Business and Trade (DBT) has launched a new website designed to help employers understand and prepare for the upcoming changes being introduced under the Employment Rights Act.

It provides practical guidance, outlines the key reforms ahead, and explains what businesses can do now to get ready. It also includes a timeline showing when different measures are expected to take effect.��Read more here! 👉🏻 https://londonaccountants.co/employment-rights-act-what-changes-are-coming-first/

If you run a small VAT-registered business, the way you calculate VAT can affect more than just your tax bill. It can influence your cash flow, admin time and the complexity of your bookkeeping 📕 🧮

Many businesses simply stick with the standard VAT method without realising there may be an alternative that’s easier to manage.

One option worth considering is the VAT Flat Rate Scheme, which can simplify VAT calculations and in some cases, even improve your margins!

https://londonaccountants.co/vat-flat-rate-scheme-could-it-be-a-better-option-for-your-business/

Small Business Britain announced the launch of its new Small & Mighty Enterprise Programme!

A six-week online course aimed at supporting sole traders and micro businesses looking to take the next step in their growth journey 📈

Designed to be practical and accessible, the programme brings together expert-led training, mentoring and structured resources to help participants create a clear, actionable twelve-month growth plan.

Delivered entirely online, the course offers flexibility for busy business owners and can be accessed from anywhere in the UK 🇬🇧

Full article - https://londonaccountants.co/small-business-britain-launches-small-mighty-enterprise-programme-to-boost-growth/

If you’ve recently become self-employed or started earning rental income, Self Assessment can feel confusing at first. It’s often one of those things you know you should understand properly, but it’s easy to put off until the deadline is looming.

Questions like When do I pay? Why is January so costly? What are “payments on account”? are very common, especially for first-time filers.

In this article, we explain how Self Assessment payments work, highlight the key deadlines, and share some practical tips to help you stay in control and avoid unexpected bills!

https://londonaccountants.co/new-to-self-assessment-heres-what-you-need-to-know/

With the new tax year fast approaching, many businesses are beginning to prepare for the changes introduced by Making Tax Digital (MTD).

From April, sole traders and landlords earning more than £50,000 will be required to submit quarterly updates to HMRC instead of relying solely on an annual tax return.

Around 900,000 individuals are expected to join the system in the first phase. If you are affected, this represents a significant change in how you manage your tax affairs, so getting organised early is key!

Read more - https://londonaccountants.co/preparing-for-making-tax-digital-what-you-need-to-know/

🚨HMRC Warns of Increased Self Assessment Scams Ahead of Jan Deadline🚨

With the Self Assessment deadline of 31 January just around the corner, HMRC is alerting taxpayers to a rise in scams targeting individuals at this time of year...

Full article - https://londonaccountants.co/hmrc-warns-of-increased-self-assessment-scams-ahead-of-jan-deadline/

Reflecting on 2025...and looking ahead to 2026!

As we enter into a New Year, it’s a natural time to pause and think about how your business has performed over the past year.

For many, some things will have gone better than expected. Perhaps a new income stream grew quickly, or a customer relationship became more valuable than you imagined. At the same time, rising costs, recruitment challenges or changing customer needs may have made other areas more difficult.

Beyond the numbers, you may also be thinking about how well your business supported your wider ambitions. Did it grow in the way you hoped? Did it give you the freedom, stability or flexibility to take advantage of new opportunities? These questions often highlight where your business worked well for you and where it may have held you back.

Link to full article - https://londonaccountants.co/reflecting-on-2025-and-looking-ahead-to-2026/

Self Assessment – Spread The Cost!

Struggling with your tax bill? You may be able to pay in instalments 💰

While the Self Assessment deadline for filing and paying tax isn’t until 31 January 2026, getting organised early(ish!) can make a big difference. Particularly if you think you might need some flexibility with payments.

If you’d like help planning for your January tax bill, please get in touch!

🔗https://londonaccountants.co/self-assessment-spread-the-cost/

Received a letter from HMRC about MTD (Making Tax Digital)? Here's what you need to know...

HM Revenue & Customs (HMRC) has begun contacting selected taxpayers to outline the steps they need to take ahead of the upcoming Making Tax Digital (MTD) changes, which come into effect next April 2026.

Read more about what you need to do here - https://londonaccountants.co/received-a-letter-from-hmrc-about-mtd-making-tax-digital-heres-what-you-need-to-know/