MH Services

Does your company actually need an audit?

Most UK small businesses don't — and the rules changed in April 2025. You're exempt if you meet two of three: turnover under £15m, balance sheet under £7.5m, fewer than 50 staff.

But plenty of owners still assume they need one, or miss the two-year rule and get caught out.

We've written a plain-English guide covering the thresholds, the five stages, what it costs and how to prepare. No jargon.

Audit Process for UK Business Owners | Thresholds, Stages & Cost Does your company need an audit? The 2026 UK thresholds, the five audit stages, what it costs and how to prepare — a plain-English guide from MH Services.

Thinking about a life interest trust in 2026? See how it works, the 5 key disadvantages, and how frozen IHT thresholds change the maths. Free consultation.

W: www.mhaccounting.org.uk
E: [email protected]
P: 0161 457 2175

Life Interest Trust: Pros, Cons and Why They Matter More in 2026 Thinking about a life interest trust in 2026? See how it works, the 5 key disadvantages, and how frozen IHT thresholds change the maths. Free consultation.

📢 Making Tax Digital is now underway.

HMRC now requires quarterly updates throughout the year, typically in July, October, January, and April.

If you're unsure what this means for your business, don't worry. Get in touch with us for free, no-obligation advice. We'll explain what's required and help you stay compliant with confidence.

📞 Contact us today to discuss your requirements.

📢 Two important UK updates:

🔹 Making Tax Digital is now live — if you earn £50k+ (including land & property income), you must submit quarterly reports to HMRC. These are NOT quarterly Self Assessments.

🔹 Minimum Wage has increased to £12.71/hr for ages 21+ from 1st April.

Questions? Get in touch. 👇