{"id":136,"date":"2023-11-20T14:04:39","date_gmt":"2023-11-20T14:04:39","guid":{"rendered":"https:\/\/www.bsassociate.co.uk\/blog\/?page_id=136"},"modified":"2026-06-15T12:45:43","modified_gmt":"2026-06-15T12:45:43","slug":"blog","status":"publish","type":"page","link":"https:\/\/www.bsassociate.co.uk\/blog\/","title":{"rendered":"Blog"},"content":{"rendered":"\n
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Tax and Accounting Blog <\/span><\/h1>
\"MTD<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

What Actually Goes\u00a0into\u00a0Your MTD Quarterly Update?\u00a0A Line-by-Line Breakdown Before 7 August\u00a0<\/a><\/h4>\n
Your first quarter under Making Tax Digital for Income Tax closed on 5 July. The deadline to submit it is …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"MTD\"<\/a><\/div>\n
HMRC News<\/a>Making Tax Digital<\/a><\/div>\n

MTD for Income Tax Phase 2: Why \u00a330,000+ Sole Traders and Landlords Should Start Preparing Now,\u00a0Not\u00a0in 2027\u00a0<\/a><\/h4>\n
Every piece of Making Tax Digital coverage right now is aimed at one group: sole traders and landlords with qualifying …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"MTD<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

Five Weeks to 7 August 2026: What to Actually Do Before Your First MTD Quarterly Update\u00a0<\/a><\/h4>\n
Most articles about the 7 August 2026 deadline stop at “here are the dates.” You’ve likely seen that version already, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Employer<\/a><\/div>\n
Accounting Services London<\/a><\/div>\n

HMRC Benefits in Kind Changes 2027: What UK Employers Need to Know About Mandatory Payrolling<\/a><\/h4>\n
HMRC is changing how employers report and tax Benefits in Kind (BiKs). From 6 April 2027, mandatory payrolling will replace …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"MTD<\/a><\/div>\n
Accounting Services London<\/a>Making Tax Digital<\/a>Tax Save Tips<\/a><\/div>\n

A Sole Trader’s First MTD Quarter: What Actually Happens Between 6 April and 7 August\u00a0<\/a><\/h4>\n
Picture a self-employed electrician named Daniel who also rents a one-bed flat in Leeds. His combined turnover from the two …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
Accounting Services London<\/a>HMRC News<\/a><\/div>\n

Received an HMRC Letter About Undeclared Income? Here Is What to Do Next<\/a><\/h4>\n
If HMRC has written to you about undeclared property income, foreign income, or a possible tax shortfall, do not ignore …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"MTD<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

MTD for Income Tax: Does It Apply If You Have Rental Income and Self Employment?<\/a><\/h4>\n
Short answer: Almost certainly yes, and there is a detail in how the system works that most people in your …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"\"<\/a><\/div>\n
Accounting Services London<\/a>HMRC News<\/a>Making Tax Digital<\/a><\/div>\n

MTD for Income Tax: Are You Ready for the 7 August 2026 Deadline?<\/a><\/h4>\n
If you earn over \u00a350,000 from self-employment or property, your first Making Tax Digital for Income Tax quarterly update is …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Accountants<\/a><\/div>\n
Accounting Services London<\/a><\/div>\n

Why UK Businesses Are Turning to Professional Accountants in London in 2026<\/a><\/h4>\n
Running a business in London in 2026 means managing more financial complexity than ever before. HMRC’s digital reporting requirements have …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Capital<\/a><\/div>\n
HMRC News<\/a><\/div>\n

HMRC 2026 Capital Gains Manual Changes and Their Impact on Property Income Reporting\u00a0<\/a><\/h4>\n
Many UK landlords are now entering a new phase of tax reporting. What was once an annual task completed around …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
HMRC News<\/a><\/div>\n

HMRC Mileage Allowance Increase 2026\/27: Employees Can Now Claim 55p Per Mile for Business Travel<\/a><\/h4>\n
For millions of employees and self-employed professionals across the UK, business travel is a regular part of work. Whether you …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"accountancy-firm-london\"<\/a><\/div>\n
Accounting Services London<\/a><\/div>\n

Best Accountancy Firm London: What UK Businesses Should Expect\u00a0From\u00a0Modern Accountants in 2026\u00a0<\/a><\/h4>\n
Running a business in London is becoming more financially demanding every year. Rising operational costs, tighter HMRC regulations, payroll responsibilities, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Accountant<\/a><\/div>\n
Tax Save Tips<\/a><\/div>\n

Smart Financial Planning Tips from London Accounting Experts in 2026\u00a0<\/a><\/h4>\n
Financial planning has become one of the biggest challenges for UK businesses in 2026. Rising operating costs, stricter HMRC compliance …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Making<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

MTD for Income Tax Is Already Live: What UK Sole Traders and Landlords Need to Fix in 2026\u00a0<\/a><\/h4>\n
If you are a sole trader or landlord in the UK, there is a good chance you have already received …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Making<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

MTD Is Not Just Digital Filing: The Real Challenges UK Businesses Are Still Overlooking\u00a0<\/a><\/h4>\n
Most UK business owners think Making Tax Digital (MTD) just means switching from spreadsheets to software and submitting tax updates …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Joint<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

Joint\u00a0Rental Income Under MTD: How HMRC Expects You to Split and Report Earnings\u00a0<\/a><\/h4>\n
If you jointly own a rental property, you may already be splitting the income and declaring it each year. On …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Accounting<\/a><\/div>\n
accounting tips<\/a><\/div>\n

Accountants & Tax Advisors London | HMRC Tax Guide 2026<\/a><\/h4>\n
Running a business or managing personal finances in London today requires more than basic compliance. With tighter regulations, digital tax …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"healthcare-accounting-tax-services-uk\"<\/a><\/div>\n
Healthcare accounting in London<\/a><\/div>\n

Healthcare Accounting and Tax Services in the UK for Medical Professionals\u00a0<\/a><\/h4>\n
Healthcare professionals in the United Kingdom operate in a highly regulated financial environment where accuracy, compliance, and documentation are essential …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Company<\/a><\/div>\n
accounting tips<\/a>Business Tax<\/a><\/div>\n

UK Company Secretarial Services: Avoid Costly Mistakes\u00a0<\/a><\/h4>\n
Running a business in the UK sounds simple until you start dealing with compliance. Keeping track of filing deadlines, maintaining …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"property<\/a><\/div>\n
Property taxes<\/a><\/div>\n

Property Tax Accountants in London: A Practical Guide to Rental Income Tax and Compliance\u00a0<\/a><\/h4>\n
Managing property in UK involves more than collecting rent. UK tax rules require landlords, developers, and investors to accurately report …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"making<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

Not Ready for MTD Yet? Here\u2019s What You Should Do Before April 6\u00a0<\/a><\/h4>\n
If you\u2019re a sole trader or landlord in the UK, the shift to making tax digital for income tax self …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"MDT<\/a><\/div>\n
Making Tax Digital<\/a><\/div>\n

7 Common Mistakes Sole Traders Make When Preparing for Making Tax Digital<\/a><\/h4>\n
The way self employed individuals report their income to the UK tax authority is about to change significantly. Through the …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
HMRC News<\/a>Self Assessment tax return<\/a>Tax Save Tips<\/a><\/div>\n

HMRC Compliance Letters to Uber Drivers 2026 Guide\u00a0<\/a><\/h4>\n
HM Revenue & Customs has started issuing data driven compliance letters to Uber drivers and other private hire drivers across …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"\"<\/a><\/div>\n
accounting tips<\/a><\/div>\n

UK Tax on NRE and NRO Account Interest: Technical Guidance for UK Resident Individuals<\/a><\/h4>\n
UK resident individuals with Indian bank accounts, including NRE and NRO accounts, are subject to UK tax on overseas interest …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Making<\/a><\/div>\n
HMRC News<\/a>Making Tax Digital<\/a>Property taxes<\/a>Self Assessment tax return<\/a><\/div>\n

Making Tax Digital for Income Tax from April 2026: A Guide for UK Sole Traders and Landlords\u00a0<\/a><\/h4>\n
From 6 April 2026, HMRC will introduce a significant change to how UK sole traders and landlords report their income …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Joint<\/a><\/div>\n
HMRC News<\/a>Property taxes<\/a>Self Assessment tax return<\/a><\/div>\n

Joint Property Ownership in the UK: Clear Tax Rules for Landlords and\u00a0Property\u00a0Owners\u00a0<\/a><\/h4>\n
Joint property ownership is a common arrangement for residential and investment properties across the UK. Whether you share ownership with …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Lifetime<\/a><\/div>\n
accounting tips<\/a>News<\/a>Tax Save Tips<\/a><\/div>\n

Lifetime ISA Explained: Why You Should Open One Before Age 40\u00a0<\/a><\/h4>\n
For many individuals across the UK, particularly those aged 18 to 39, there is a valuable financial planning opportunity that …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
Self Assessment tax return<\/a><\/div>\n

Self Assessment\u00a0Tax Return Deadlines: Avoid Late Filing Penalties UK\u00a0<\/a><\/h4>\n
For UK taxpayers, Self Assessment penalties rarely occur because people refuse to comply. They usually happen because deadlines are misunderstood, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
Uncategorized<\/a><\/div>\n

Maintenance Payments Relief Explained: A Rare Historic HMRC Tax Relief Still Relevant for Some<\/a><\/h4>\n
UK tax legislation includes a number of historic reliefs that continue to exist under transitional rules, even though they no …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Budget<\/a><\/div>\n
Business Tax<\/a><\/div>\n

UK Budget 2025: Key Tax Impacts for HNWIs, Property Investors & Global Families<\/a><\/h4>\n
The Chancellor\u2019s 2025 Budget marks a strategic recalibration rather than a radical overhaul of the UK tax system. While much …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"UK<\/a><\/div>\n
News<\/a><\/div>\n

Budget 2025 \u2013 Key Summary & What It Means for You<\/a><\/h4>\n
The UK Government\u2019s Budget 2025 sets out major reforms to support households, strengthen public services, modernise taxation, and drive long-term …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"UK<\/a><\/div>\n
News<\/a><\/div>\n

UK Budget 2025 Highlights: What UK Taxpayers Should Know About the New Changes<\/a><\/h4>\n
The UK Budget 2025, presented by Chancellor Rachel Reeves, introduces significant tax and financial changes that will impact individuals, families, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"2024\u201325<\/a><\/div>\n
Self Assessment tax return<\/a><\/div>\n

2024\u201325 Self-Assessment: HMRC Changes, Key Dates, and What UK Taxpayers Should Know<\/a><\/h4>\n
For UK taxpayers, the Self-Assessment season can feel overwhelming especially when the rules change or deadlines approach quickly. This guide …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"UK<\/a><\/div>\n
Property taxes<\/a><\/div>\n

UK Inheritance Tax \u2013 Chargeable and Non-Chargeable Assets<\/a><\/h4>\n
This memorandum summarises the assets chargeable and non-chargeable for UK Inheritance Tax (IHT), distinguishing between UK-domiciled (or deemed-domiciled) individuals and …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Companies<\/a><\/div>\n
News<\/a><\/div>\n

Companies House ID Verification Deadline UK 2025: A Must-Read for London Directors<\/a><\/h4>\n
If you\u2019re a company director in London, an important compliance change is coming your way. By 18 November 2025, all …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"UK<\/a><\/div>\n
Tax Save Tips<\/a><\/div>\n

UK Tax Residency Checklist (Statutory Residence Test \u2013 SRT)<\/a><\/h4>\n
This checklist is designed to help individuals and businesses understand how HMRC determines UK tax residency under the Statutory Residence …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"self<\/a><\/div>\n
Self Assessment tax return<\/a><\/div>\n

Register for Self Assessment by 5 October 2025 \u2013 Avoid HMRC Penalties<\/a><\/h4>\n
If you\u2019re earning money outside of regular PAYE employment whether through self-employment, property rental, freelancing, or even side hustles you …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"payroll\"<\/a><\/div>\n
accounting tips<\/a>Business Tax<\/a>Tax Save Tips<\/a><\/div>\n

Payroll in the UK: Regular Payroll vs Tronc Payroll \u2013 A Complete Guide for Employers<\/a><\/h4>\n
What is Payroll and How Does It Work in the UK? Payroll is the process that ensures your employees are …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Key<\/a><\/div>\n
HMRC News<\/a><\/div>\n

6 Things You Should Know About Making Tax Digital for Income Tax<\/a><\/h4>\n
Making Tax Digital (MTD) for Income Tax will be one of the largest changes to personal tax in a generation.It’s …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Key<\/a><\/div>\n
Business Tax<\/a>Tax Save Tips<\/a><\/div>\n

Key Self-Assessment and MTD for Income Tax Deadlines You Should not Miss<\/a><\/h4>\n
Staying on top of your tax obligations is essential to avoid penalties, interest charges, and unnecessary stress. With Making Tax …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Understanding<\/a><\/div>\n
HMRC News<\/a><\/div>\n

Understanding HMRC Tax Enquiries: Types, Triggers & How to Respond<\/a><\/h4>\n
If the enquiry is simple and you\u2019re confident with your records, you may handle it yourself.However, for anything more than …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"VAT<\/a><\/div>\n
News<\/a>VAT<\/a><\/div>\n

VAT Treatment of Private Tuition: What Every UK Tutor Must Know<\/a><\/h4>\n
In the UK, thousands of individuals earn their living as private tutors\u2014teaching everything from maths and English to science, music, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Making<\/a><\/div>\n
HMRC News<\/a><\/div>\n

Making Tax Digital for Self Assessment: Dual Guide for Landlords & Sole Traders<\/a><\/h4>\n
Are you a landlord or sole trader in the UK earning more than \u00a330,000? If so, a major change is …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Digital<\/a><\/div>\n
accounting tips<\/a>Business Tax<\/a>VAT<\/a><\/div>\n

Digital Sales Tax Compliance in the UK: 7 Costly Mistakes to Avoid in 2025<\/a><\/h4>\n
Selling goods or digital services online has never been easier \u2014 but with new tax rules coming into effect in …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Sole<\/a><\/div>\n
HMRC News<\/a><\/div>\n

Sole Trader to Ltd Company in UK: HMRC Rules, Tax Savings & Legal Steps in 2025<\/a><\/h4>\n
Switching from a sole trader to a limited company in the UK is a big step\u2014and a smart one for …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"e<\/a><\/div>\n
News<\/a><\/div>\n

Spring Statement 2025 Key Updates for UK Businesses and Taxpayers<\/a><\/h4>\n
The Spring Statement 2025 brought significant updates to the UK\u2019s economic landscape, focusing on financial stability, public spending, tax changes, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Essential<\/a><\/div>\n
Tax Save Tips<\/a><\/div>\n

Essential Tax Deductions for UK Doctors and Medical Professionals<\/a><\/h4>\n
Tax season can feel overwhelming, especially for doctors and medical professionals in the UK. With busy schedules and complex finances, …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Allowable<\/a><\/div>\n
HMRC News<\/a><\/div>\n

Allowable Expenses for Sole Traders<\/a><\/h4>\n
As a sole trader in the UK, managing your finances is critical to running a successful business. One way to …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"HMRC<\/a><\/div>\n
HMRC News<\/a><\/div>\n

HMRC to Fine UK Households \u00a3100 for Missing Self-Assessment Tax Return Deadline<\/a><\/h4>\n
Starting January 2025, HMRC will impose a \u00a3100 fine on UK households that fail to meet the Self Assessment Tax …<\/div>\n
Read More<\/a><\/div><\/div>\n
\"Get<\/a><\/div>\n
accounting tips<\/a>Business Tax<\/a>HMRC News<\/a><\/div>\n

Get your self assessment tax return (SATR) done in these holidays: Avoid the Last-Minute Rush<\/a><\/h4>\n
The holiday season is upon us! As we prepare for Christmas 2024 and the excitement of New Year 2025, there\u2019s …<\/div>\n
Read More<\/a><\/div><\/div><\/div><\/div> <\/div>