Croft Accountancy Services

Do you know how healthy your business is?

What is a balance sheet and how can I use it for my business? A balance sheet isn’t just a technical report for accountants, it’s a useful tool. Here's how it can help your business.

Are you ready?

Making Tax Digital (MTD) 7 August deadline

HMRC have raised the Approved Mileage Allowance Payment (AMAP) rate from 45 pence per mile to 55 pence per mile. The new rate can be backdated to 6 April 2026.

Employees, directors, self-employed or partners who use a private car or van for business travel, can claim the new rate and can adjust previous claims from the 6 April 2026.
On 10,000 miles that's an extra £1,000 tax free which could make a big difference for those who drive regularly.

The rates per business mile that can be claimed for the 2026-27 tax year are:
Cars and goods vehicles first 10,000 miles 55p
Cars and goods vehicles after 10,000 miles 25p
Motorcycles 24p

Travel — mileage and fuel rates and allowances We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

Are you aware of the changes to Statutory Sick Pay. This article from FSB explains perfectly.

This month marked the most significant reform to statutory sick pay since the system was restructured in 1985. Here are the top 3 things you need to know as an employer:

1. The three-day SSP waiting period has been removed

2. The lower earnings limit has been scrapped

3. SSP is now calculated differently for lower earners

For a more in-depth look, including how to calculate SSP under the new rules, be sure to check out our comprehensive article: https://go.fsb.org.uk/SSPchanges2026

Making Tax Digital for Income Tax is here. 📢

If your combined turnover from property and self-employment is more than £50,000, you’ll need to start keeping digital records and send quarterly updates (first deadline is 7 August).

Check if Making Tax Digital applies to you and sign up today. ⬇️

https://makingtaxdigital.campaign.gov.uk/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd