Small companies and micro entities will no longer be required to file their profit and loss accounts with Companies House from April 2027. Following stakeholder concerns, Companies House have confirmed that the expected timeline for small companies and micro entities to file their profit and loss accounts with Companies House has been paused and will…

Northumberland Accountants & Tax Advisers

We would like to wish all our clients and colleagues a very happy Christmas and all the very best for a happy, healthy and prosperous New Year. We were recently horrified to hear on Greatest Hits Radio North East how many children in the North of the UK may well not get a gift at…

As agents, HMRC forwarded to us a summary of the budget delivered by the Chancellor of the Exchequer, the Rt Hon Rachel Reeves MP. We have shared it with you below. These words are the words of HMRC not NATA. “We value the essential role employers play in the operation of the tax system. This…

The latest SARs Reporter Booklet (November 2025) has been published on the NCA website: https://bit.ly/4orypa5

Do you work for yourself as a sole trader or earn money from property? Tax returns are changing – with a new way to record and report your income and expenses. This is called Making Tax Digital for Income Tax. Sometimes you’ll see this shortened to MTD for Income Tax. This is a huge change…

Very exciting day today! 😀 I am travelling down to London at the invitation of Sage to meet with their team at a round table with James Murray MP at HMRC headquarters, to discuss Making Tax Digital for Income Tax MTDIT. It is a fantastic opportunity to talk about MTDIT and the realities of how…

Great news – we have just been elevated to Silver Partner with Freeagent! This means that we get a higher rate of discount on software subscriptions which we currently pass directly to our clients. We can also confirm that we have already successfully filed two quarterly MTDIT returns using Freeagent, and the process was very…

One of our lovely clients has brought to our attention that existence of another spate of spam emails from HMRC. They look incredibly genuine, so do not be fooled by them. This particular scam email invited the client to click on a link to update their VAT profile. Thankfully that client is not VAT registered…

I know you may be sick of us mentioning Making Tax Digital for Income Tax (MTDIT) but it IS going to happen. Making Tax Digital (MTD) for Income Tax is a new way to report income from self-employment and property to HMRC. It will involve filing QUARTERLY returns rather than one annual one. It is…