My Tax Accountant

28/09/2026

Self-employed profits below the small profits threshold in 2026 could affect your National Insurance record.

For the 2026/27 tax year, the small profits threshold is £7,105. If your self-employed profits reach that amount, Class 2 National Insurance contributions are generally treated as paid, with no Class 2 payment required. If profits fall below it, you may be able to pay voluntary Class 2 contributions to protect a qualifying year. Class 4 National Insurance is a separate charge on profits above £12,570.

This video is for UK sole traders and other self-employed people whose profits have fallen or vary from year to year. We explain how to check your National Insurance record and State Pension forecast, and why you should consider any other contributions or credits before paying voluntarily. HMRC can confirm eligibility and the correct payment route.

A gap does not automatically mean your State Pension will be lower, and paying to fill one will not always improve it. Check your circumstances before making a payment.

Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

This video provides general UK tax guidance only. It is not personalised tax or pension advice. National Insurance treatment depends on your circumstances and the relevant tax year. Check your record and forecast using official government services. Seek professional guidance if you are unsure whether a voluntary contribution would benefit you.

28/09/2026

https://www.mytaxaccountant.co.uk/post/repairs-vs-improvements-in-hmrc-eyes

Discover HMRC’s key distinction between repairs and improvements for boiler, kitchen and extension projects in the UK. Maximise your tax deductions today.

27/09/2026

Land Transaction Tax (LTT) in Wales explained for 2026: property purchase thresholds, higher rates and filing responsibilities.

My Tax Accountant explains the Welsh property tax administered by the Welsh Revenue Authority (WRA). HMRC administers Stamp Duty Land Tax in England and Northern Ireland.

Buying your first home, moving, investing in a buy-to-let or purchasing commercial premises in Wales? Different rules can apply. Under main residential rates, the first £225,000 is taxed at 0%. Wales has no separate first-time buyer relief, and higher residential rates can apply to additional homes and company purchases.

Before committing, check the property type, purchase price and whether higher rates apply. Use the WRA calculator and confirm the calculation with your conveyancer.

Where required, submit the return and pay within 30 days beginning the day after completion, or another effective date. A return may be required even when no tax is due. Late filing or payment can lead to penalties and interest.

Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

General UK tax guidance only. This is not personalised advice. Tax treatment depends on your circumstances. Rules and rates may change. Seek qualified advice before acting.

25/09/2026

https://www.mytaxaccountant.co.uk/post/five-common-mtd-reporting-errors

24/09/2026

https://www.mytaxaccountant.co.uk/post/managing-cgt-on-modern-cryptocurrency-portfolio-gains

Discover essential steps to manage capital gains tax on modern cryptocurrency portfolio gains in the UK and optimize your tax strategy today.

23/09/2026

Understand how moving out and renting your former home can affect its Capital Gains Tax position in 2026.

This video explains how Private Residence Relief generally protects qualifying periods when the property was your only or main home. Once you move out, later ownership may not receive the same protection, although qualifying absences and the final nine months of ownership can provide relief in appropriate cases.

The guidance applies to homeowners who retain their old residence as a rental property after moving elsewhere. We cover occupation dates, acquisition and improvement costs, letting periods, final-period relief and the information needed when the property is eventually sold.

Letting Relief is now restricted and does not generally apply merely because the whole former home was rented out. Missing occupation evidence or assuming the entire gain remains exempt can produce an incorrect CGT calculation.

Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

This video provides general UK tax guidance only. It does not constitute personalised tax advice. Available relief depends on your circumstances. Property tax rules can change over time. Consider obtaining professional advice before acting.

21/09/2026

Learn the essential steps for calculating and reporting Capital Gains Tax on a modern cryptocurrency portfolio in the UK during 2026.

This video explains how selling tokens, exchanging one cryptoasset for another, spending crypto or giving it away can constitute a disposal for CGT purposes. We cover sterling valuations, allowable costs, transaction fees, HMRC pooling rules and the treatment of allowable capital losses.

The guidance applies to UK individual investors using multiple exchanges, wallets, decentralised platforms or portfolio-tracking tools. Practical steps include consolidating transaction histories, identifying transfers between your own wallets and reconciling incomplete or duplicated records.

Crypto received from employment, mining or certain activities may involve Income Tax rather than—or before—CGT. Inaccurate records can produce unreliable calculations and incomplete returns.

Phone: 0208 5708531
Email: [email protected]
Website: www.mytaxaccountant.co.uk

This video provides general UK tax guidance only. It does not constitute personalised tax advice. Cryptoasset treatment depends on the facts involved. HMRC guidance and legislation can change. Consider obtaining professional advice before acting.