Accounting Insights

January marks the most important tax deadline of the year for millions of individuals. The Self Assessment Deadline on 31 January 2026 applies to taxpayers filing returns for the tax year 6 April 2024 to 5 April 2025. This update explains who still needs to file, the risks of late submission, and what happens if the deadline is missed.

Making Tax Digital for Income Tax continues to move forward as HMRC prepares for the April 2026 rollout. November brings updated guidance and clearer information about eligibility and preparation. This MTD Update explains what the new guidance means and how individuals and businesses can get ready for digital reporting.

The Autumn Budget introduced new property based measures that will affect landlords, second home owners and property investors. Council tax premiums for empty homes will rise and local authorities will gain wider powers to charge higher rates on long term vacant properties. This update explains the changes and how landlords can prepare before the new rules start to take effect.

The Autumn Budget brought important updates to capital allowances. These changes will influence how companies invest and how they manage their Corporation Tax bills. Full expensing has been extended and the rules around first year allowances have been clarified. This update explains what these changes mean for small businesses and how to plan investment decisions before the year end.

November brings important updates to National Insurance. The Autumn Budget confirmed rate cuts for employees and the self employed along with changes to the structure of contributions. These adjustments have a direct impact on take home pay and business costs. This insight explains what the changes mean and how to prepare for them before the new rules take effect.

October marks the start of the final stretch before the Self Assessment deadline on 31 January 2026. HMRC has begun issuing reminders to taxpayers, and accountants across the UK are urging clients to start preparing now. Getting organised early can prevent last minute stress, reduce mistakes, and even improve cashflow planning. Whether you are a sole trader, landlord, or company director, this is the perfect time to gather your records and get your Self Assessment ready for s

Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) will transform how individuals and businesses manage their tax. From April 2026, sole traders and landlords with income over £50,000 must maintain digital records and send quarterly updates to HMRC. September is the right time to prepare, with pilot schemes already underway and guidance now available for early registration.

With the new tax year well underway, there is still time to make contributions that lower your tax bill and build long-term savings. Many business owners, contractors and employees use the quieter summer months to assess what they have contributed so far and what additional payments might make sense.

As the 2025/26 tax year progresses, HMRC is stepping up its compliance activity. Summer often marks the start of new investigation cycles, with increased scrutiny on tax returns, VAT filings, and company records. Understanding what triggers HMRC investigations and how to avoid them can save you stress, time and money.

By June 2025, most businesses are halfway through their financial year and looking ahead to the second half. Mid-year reviews are essential for understanding whether profit forecasts are realistic, VAT obligations are being managed, and cashflow is strong enough to support operations.

Each year, the Spring Budget sets the tone for UK businesses and households by announcing tax changes, allowances and spending plans. The Spring Budget 2025 brought new thresholds, compliance updates, and targeted incentives that now shape the financial year ahead. Alongside those announcements, May carried its own practical deadlines, including the requirement for employers to provide P60s by 31 May.

April always brings fresh rules and figures for businesses and individuals to adapt to. The 2025/26 tax year is no different, introducing new allowances, thresholds and National Insurance adjustments that will affect how much people take home, how businesses plan, and what contractors and property owners need to prepare for.