Spartan Accounting Group Ltd

At one time, incorporating a business once profits reached a modest level was almost the default advice. Today, the conversation is more nuanced, and some existing company owners may even be asking themselves, “Do I still need a limited company?”

The question may be prompted by rising tax bills caused by reductions to the dividend allowance and increases in dividend tax rates. In some cases, it may now be more tax effective to trade as a sole trader rather than as a limited company. However, tax is only one part of the picture.

This article looks at some of the key factors involved in disincorporating a business that can help you decide whether this is something you need to look at.

Loss of limited liability

A limited company is a separate legal entity. While this does not eliminate all risks, it does provide a layer of protection between the business and your personal assets.

As a sole trader, that protection is not there.

Disincorporation: Does it Make Sense for You? At one time, incorporating a business once profits reached a modest level was almost the default advice. Today, the conversation is more nuanced, and some exist

Stay ahead of three key changes

With 6 April 2026, ushering in the start of the new tax year, there are some changes on the way that may affect how you run and plan your business. To help you stay ahead, we have highlighted three key updates worth having on your radar.

Making Tax Digital

For an estimated 864,000 sole traders and landlords, the new tax year marks the beginning of Making Tax Digital (MTD) for Income Tax. Many more will follow in April 2027 and April 2028.

Sole traders and landlords with gross income above £50,000 in 2024/25 are being mandated into MTD from April 2026. Being within MTD will mean keeping digital records and using software to submit quarterly updates to HM Revenue & Customs (HMRC), as well as an end-of-year tax return.

MTD will be a significant change in how income tax responsibilities are handled, and it pays to be as prepared as possible.

There are some limited exemptions available.

Is Your Business Ready for 2026/27? Stay ahead of three key changes With 6 April 2026, ushering in the start of the new tax year, there are some changes on the way that may affect how you run a

If you’ve been holding or trading digital assets, the "wild west" era of UK crypto tax officially ended on January 1, 2026.

With the launch of the OECD’s Crypto-Asset Reporting Framework (CARF), HMRC now receives automated, detailed reports of your transactions directly from exchanges. If your Self-Assessment doesn't match their data, an enquiry isn't just possible—it’s probable.

But as you look to get compliant, the big question is: What is a crypto tax accountant UK cost in 2026? Here is the breakdown of the current market rates and why "cheap" might end up being very expensive.

1. The "Simple Filer" Package (£250 – £400)

This is for the "Buy and Hold" investor or the casual trader with a limited number of transactions (typically under 250).

- What’s included: Calculation of Capital Gains Tax (CGT) using the HMRC "pooling" rules, application of your £3,000 annual exemption, and filing the crypto section of your Self-Assessment.

The Crypto Tax Accountant UK Cost Guide: What to Expect in 2026 If you’ve been holding or trading digital assets, the "wild west" era of UK crypto tax officially ended on January 1, 2026. With the launch of the OECD’s

If you’re still thinking of property management as a "people business" first and a "numbers business" second, it’s time for a 2026 reality check.

Between the Renters’ Rights Act 2025 taking full effect and the April 2026 MTD (Making Tax Digital) deadline, the margin for error in your accounts has shrunk to zero. Today, accounting for property managers isn't just a back-office task—it’s your strongest shield against soaring compliance penalties.

Here is how the landscape has changed and what you need to do to keep your portfolio (and your sanity) intact.

1. The "Digital Link" Mandate (April 2026)

The "shoebox of receipts" didn't just die; it was buried. As of April 2026, if you manage or own a portfolio with a gross income over £50,000, HMRC requires Digital Linking.

- The Rule: You cannot manually type a total from an Excel sheet into the HMRC portal.

The 2026 Shift: Why Accounting for Property Managers Just Got Serious If you’re still thinking of property management as a "people business" first and a "numbers business" second, it’s time for a 2026 reality check. Between

Have you reached a point where the idea of running a business feels like more than just a pipe dream? Perhaps you have identified a gap in the market, you want greater independence or your side hustle is telling you that it has the potential to become a full-time income.

Whatever the motivation, taking some time at the outset to understand the practicalities can make starting a business smoother and help you to avoid costly surprises later.

Here we review some of the things you will want to consider.

Selecting an appropriate legal structure

A first decision for a new business is to choose the structure under which it will operate. In the UK, most new ventures start either as a sole trader (or a partnership if there is more than one of you) or as a limited company.

Each option has advantages and disadvantages, so it pays to consider what the business will be doing, the expected income, and how you want to manage risk and growth before deciding which is best for you.

Starting Up in Business: A Practical Guide Have you reached a point where the idea of running a business feels like more than just a pipe dream? Perhaps you have identified a gap in the market, you want

Running a business in London is a sport. Whether you’re scaling a fintech startup in Shoreditch or managing a high-end boutique in Mayfair, your team is your biggest asset—and your most complex expense.

In 2026, "getting payroll right" isn't just about clicking a button in your software. With a wave of new employment laws and tax shifts hitting the capital, the role of a payroll accountant in London has shifted from data entry to strategic survival.

Here is what you need to know to keep your London business compliant and profitable this year.

1. The Employer NI "Double Whammy"

If your payroll costs feel heavier this year, you aren’t imagining it. We are now seeing the full impact of the Employer National Insurance (NIC) rate hike to 15%.

But the real sting for London businesses was the lowering of the secondary threshold to £5,000. For a city with higher-than-average wages, this means you are paying that 15% on a much larger slice of every employee's salary.

The "London Pace" Guide to Payroll: Navigating the 2026 Regulatory Storm Running a business in London is a sport. Whether you’re scaling a fintech startup in Shoreditch or managing a high-end boutique in Mayfair, your team is your

During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.

The Chancellor focused on how the government’s policies are delivering economic growth, particularly when looking at Gross Domestic Product (GDP) per person. However, the OBR’s report indicates a more nuanced picture and notes that the fiscal context for the next Budget will remain challenging.

The OBR’s forecast was being finalised as the conflict in the Middle East escalated. The OBR warned that this conflict could have a “very significant” impact on the global and UK economies.

Summary of economic outlook

The main points from the OBR were:

- Gross Domestic Product (GDP) growth is expected to slow from 1.4% in 2025 to 1.1% in 2026.

Spring Forecast 2026: What Does the OBR’s Latest Forecast Mean for You? During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancell

During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancellor told MPs she had “restored economic stability” as she presented the Office for Budget Responsibility’s (OBR’s) economic forecasts.

The Chancellor focused on how the government’s policies are delivering economic growth, particularly when looking at Gross Domestic Product (GDP) per person. However, the OBR’s report indicates a more nuanced picture and notes that the fiscal context for the next Budget will remain challenging.

The OBR’s forecast was being finalised as the conflict in the Middle East escalated. The OBR warned that this conflict could have a “very significant” impact on the global and UK economies.

Summary of economic outlook

The main points from the OBR were:

- Gross Domestic Product (GDP) growth is expected to slow from 1.4% in 2025 to 1.1% in 2026.

What does the OBR’s latest forecast mean for you? During a week dominated by news of the Middle East conflict, on 3 March 2026, Chancellor Rachel Reeves presented the Spring Forecast to Parliament. The Chancell

Let’s be honest: nobody gets into property management because they have a burning passion for spreadsheets. You’re in it for the yields, the portfolio growth, and maybe the satisfaction of a well-maintained building.

But here’s the reality—accounting in property management is no longer just about "money in vs. money out." With the 2026 regulatory shake-up in the UK, the "shoebox full of receipts" method isn't just outdated; it’s a legal liability.

Whether you’re a DIY landlord or managing a sprawling block in Manchester, here is how to navigate the new financial landscape without losing your mind.

1. The 2026 Elephant in the Room: Making Tax Digital (MTD)

If you haven’t heard the acronym MTD yet, pull up a chair. As of April 2026, the HMRC is changing the game. If your gross rental income (plus any self-employment income) exceeds £50,000, you are now required to:

- Keep digital records of every single transaction.

- Send quarterly updates to HMRC using MTD-compliant software.

The “No-Headache” Guide to Accounting in Property Management (2026 Edition) Let’s be honest: nobody gets into property management because they have a burning passion for spreadsheets. You’re in it for the yields, the portfolio growt

The Spring Statement will be delivered in Parliament on 3 March, giving an update on the state of the UK economy and the government’s financial outlook.

Unlike the Autumn Budget, the Spring Statement is unlikely to be used for big tax decisions. For businesses it is a useful event as it may set the tone for the months ahead and could give early clues about future tax and spending pressures.

What the Spring Statement is

The Spring Statement is built around the latest set of economic forecasts from the Office for Budget Responsibility (OBR). The OBR publishes forecasts twice a year and considers areas such as growth, inflation, unemployment, government spending and tax income.

The OBR also has responsibility for checking whether the government is on track to meet its self-imposed fiscal rules. However, the Spring Statement will not make a formal assessment of this area as this is now only being reviewed once a year, in the autumn.

Spring Statement 2026: What Businesses Should Expect on 3 March The Spring Statement will be delivered in Parliament on 3 March, giving an update on the state of the UK economy and the government’s financial outlook. Un