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From April 2026, Personal Allowance – the amount of income you can earn before paying income tax – will be updated, along with National Insurance (NI) rates. This means your take-home pay and payroll contributions may change. Employees earning above the primary threshold will pay slightly more or less depending on the new NI bands.…
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Avoid fines by doing simple tax checks each quarter:• VAT – check invoices and turnover.• PAYE – make sure payroll contributions are up to date.• Corporation Tax – note filing dates and plan payments.• Director loans & dividends – review balances to avoid extra tax.• Digital records – keep accounts ready for HMRC or MTD.…
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Avoid fines by doing simple tax checks each quarter:• VAT – check invoices and turnover.• PAYE – make sure payroll contributions are up to date.• Corporation Tax – note filing dates and plan payments.• Director loans & dividends – review balances to avoid extra tax.• Digital records – keep accounts ready for HMRC or MTD.…
Read more

Making Tax Digital (MTD) for Income Tax is a new system introduced by HMRC that changes how self-employed individuals and landlords report their income. Instead of submitting only one annual Self Assessment tax return, taxpayers within the scope of MTD will be required to keep digital records, submit quarterly updates to HMRC, and complete a…
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