Set up and use Accounting software

Transfer paper invoices to software

Self assessment for sole traders

Confirmation statements and annual accounts submissions for Ltd companies

Categorising receipts according to relevant sections of HMRC self assessment form.

Totalling all sales from pos or sales platform and till data for card sales

Visit HMRC and create a tax account for your business. This will have a UTR. You can download the HMRC app.

We are based in Crumpsall, North Manchester and can serve businesses in Salford, Cheetham Hill, Middleton, Blackley, Harpurhey, Openshawe.

£100

We try to claim as many expenses as possible for tax reliefs on fuel, equipment, office bills etc.

Personal taxes will need to be on software from April 2026, for businesses with turnover over £50000. They will need to be in real time with submissions quarterly 7 August, November, February and May 2027. The Final annual return can be made any time after this with deadline 31 Jan 28. In practice earlier mtd accounts submissions will mean the final submission will be ready much earlier in future and more people will be submitting earlier in year,

The 24-25 tax year is submitted in january 26 non mtd. Then the current tax year 25-26 is also a non mtd year and will be submitted jan 27. In practice businesses will have to make their first mtd submission for the april-jun quarter 26 by august 7 even before the previous years tax return has been made. So there will be a backlog of accounting which doesnt need to be mtd. However it means double the work because by January 2027 3 mtd submssions will have to have been made plus the previous years tax return!

The SA100 form uses cash accounting based on moneys already exchanged. Accruals differs where accounts are based on ordered amounts.

There is a new section on income from sale of cryptocurrency.

Each member fills in an SA100 for their share of the partnership. One partner fills in SA800 return on software.

This year Basis period reform (BPR) means you will have to be taxed for the whole tax year. If your previous return ended in a period before April, you had have more than 12 months of tax to pay this year up to April 25. You would need to estimate any profit beyond the end of your accounting period if it was before April 25 and you havnt calculated it yet.