MJ & Co Accountants

Landlords, take note: if you haven't signed up for Making Tax Digital, HMRC may soon do it for you.

Automatic registration begins this month for sole traders and landlords whose qualifying income topped £50,000 in 2024-25. Over 570,000 customers have already joined.

Signing up now means you stay in control-choosing the right software and getting your details correct from the start.

Contact MJ & Co Accountants today for personalised MTD compliance support and software recommendations.

Cash flow is the heartbeat of your business. Lose sight of it, and even a profitable company can find itself in trouble.

At MJ&Co Accountants, we help small and medium-sized businesses, entrepreneurs, and financial managers see exactly where their money is heading. Our business plans and cash flow forecasting service gives you the clarity to make confident decisions.

Here's how we support you:

✔️Expert forecasting - precise projections tailored to your situation, from simple spreadsheets to detailed plans for raising funds.
✔️Strategic insights - run 'what if' scenarios to test different sales and profit levels and spot key risks early.
✔️Future planning - we handle the detail, freeing you up to focus on growing your business.

Whether you're securing funding, planning for growth, or preparing for the unexpected, we'll make sure your forecast is accurate, comprehensive, and built around your goals.

Ready to take control of your financial future? Book your free consultation today.

👉 https://bit.ly/4k5KNLh

If you fancy dropping by our Shrewsbury office the address is:
📍 Ironmaster House, 37 Wyle Cop, Shrewsbury, SY1 1XF
☎️ Tel: 01743 271071

Tax news that's actually worth your coffee break? We've got a blog for that.

Every week, our tax expert David Jones takes a sharp (and often funny) look at the money and tax stories that affect you and your business.

No jargon. No dry lectures. Just years of real experience, served with a wink.

A few recent favourites:

📌 HMRC can now raid your bank account
📌 Are student loans a stealth tax?
📌 Yet another sorry tale of taking advice from a mate down the pub
📌 Why are gift baskets being targeted by HMRC?
📌 and not forgetting... Tales of the great marshmallow VAT saga

If you like your tax insight clever, current and occasionally cheeky, you'll feel right at home.

Have a read and bookmark it for your weekly fix 👉 https://bit.ly/4oheuuY

News just out - 428,000 taxpayers missed the first Making Tax Digital deadline. That's nearly half of everyone who was meant to file.

The first quarterly MTD for Income Tax update was due on 7th August, and a huge number of self-employed people, sole traders and landlords didn't make it.

Why? The learning curve has been harsh:

- HMRC system downtime and registration glitches
- New MTD-compliant software to get to grips with
- Confusion around exemptions, deferrals and more complex tax affairs

Here's the part that should make you sit up: if you keep putting it off, you could be facing nine returns in a single year by 2027 - four catch-up filings, four new quarterly updates, plus your annual declaration. All at once!

That's a lot of pressure for the UK's smallest businesses.

The good news? You don't have to tackle it alone.

At MJ & Co Accountants, we offer tailored MTD IT support to suit how you work, from software guidance to handling your full quarterly submissions. Services start from just £90 + VAT per quarter, and your first consultation is completely free!

Let's make the switch to MTD IT as smooth as possible.

👉 Book your free consultation today: https://bit.ly/44BCSiG

VAT giving you a headache? Let us take it off your plate.

At MJ & Co Accountants, we help small and medium-sized businesses across Shrewsbury and Shropshire stay on top of their VAT with none of the stress.

Here's how we support you:
✅ Expert VAT return management, prepared and filed accurately
✅ Full compliance with Making Tax Digital (MTD)
✅ Tailored solutions built around your business
✅ VAT registration and de-registration handled for you

And the best part? Prices start from just £180.00.

Whether you're crossing the VAT threshold for the first time or want to sharpen your current strategy, our local specialists have you covered.

Ready to make VAT worries a thing of the past? Get in touch today 👇
https://bit.ly/4n12oEo

You can find us at:
📍 Ironmaster House, 37 Wyle Cop, Shrewsbury, SY1 1XF
☎️ Tel: 01743 271071

Is the current council tax system fair? Many argue it isn't.

Bands haven't been updated since 1991 property values. That means households in the North can pay more than owners of multi-million pound mansions in Mayfair.

Now council tax reform is firmly on the agenda, and there are four options being discussed:

✔️Scrap council tax and fund services through direct taxation
✔️An annual charge based on your home's current value
✔️A land value tax (the model PM Andy Burnham appears to favour)
✔️A revaluation of existing bands

Each option creates winners and losers. So what could it mean for you?

Our latest article breaks down every option, the numbers behind them, and where the PM really stands.

Read the full breakdown here: https://bit.ly/4xgtPzD

At MJ & Co Accountants in Shrewsbury, we keep you ahead of the changes that affect your money. Got questions about your tax position? Get in touch.

📊 Making Tax Digital is here and if you're self-employed or a landlord, by now you should know whether you're affected.

MTD for Income Tax (MTD IT) applies to anyone with a combined self-employment and property income over £50,000. That means big changes to how you report to HMRC.

Here's what's changed:

✅ Digital record keeping - say goodbye to paper receipts and overflowing filing cabinets
✅ Quarterly updates - four submissions a year instead of one annual return
✅ Fewer year-end surprises - a clearer view of your tax position all year round

Sounds like a lot? It doesn't have to be. 🙌

At MJ & Co Accountants, we're the trusted local team in Shrewsbury, ready to guide you through every step of the switch. Whether you want us to handle it all or simply point you towards the right software, we've got a service to suit you starting from just £90 + VAT per quarter.

👉 Book your free consultation today: https://bit.ly/4cXXhR6

Have you received a letter from HMRC's Compliance Unit? Don't panic, but don't ignore it either.

HMRC actively targets individuals and businesses they believe have underpaid tax. The penalties can be steep: interest, hefty fines, and in serious cases, even prosecution.

Here's the good news. You don't have to face it alone.

At MJ & Co Accountants, our team gives small businesses expert, professional support through every stage of a tax enquiry. We handle the pressure so you can focus on running your business.

Worried about the cost? Our Investigation Indemnity Insurance starts from as little as £100 per annum, which we believe is real peace of mind for a modest outlay.

Feeling exposed? Let's talk. Learn more about how we can help:
👉 https://bit.ly/3DqNwhM

Self-employed? You could be missing out on thousands in state pension.

HMRC has revealed that up to 1 million self-employed people may have gaps in their National Insurance record; gaps that could reduce, or even wipe out, their state pension entitlement.

Here's the good news. HMRC is now contacting those affected and, in a rare show of flexibility, allowing voluntary Class 2 NIC contributions dating all the way back to April 2015 (well beyond the usual six-year limit).

Why this matters:

- Buying back a missing qualifying year costs just £189.90
- Over time, that single year could be worth around £3,750 in additional pension
- You need 35 qualifying years for the full new state pension

That's one of the best returns you'll find anywhere on your money.

Don't wait for a letter to land on your doormat. Check your National Insurance record and state pension forecast today through your Personal Tax Account. It takes minutes and tells you exactly where you stand.

Not sure whether topping up is worth it for your situation? That's where good advice pays off. Get in touch with our team and we'll help you make the right call.

Read more here: https://bit.ly/4qglr0t