selfemployed | Acuaccounts https://www.acuaccounts.com Tue, 17 Mar 2026 10:47:19 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.5 Making Tax Digital for Income Tax: What Sole Traders and Landlords Need to Know Before April 2026 (UPDATED MARCH 2026) https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/?utm_source=rss&utm_medium=rss&utm_campaign=making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026 https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/#respond Wed, 19 Nov 2025 20:24:30 +0000 https://www.acuaccounts.com/?p=215637 PLEASE NOTE: This article was updated in March 2026 to reflect the latest developments in Making Tax Digital for Income Tax. From April 2026, a significant change to the UK tax system comes into effect. Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will become mandatory for individuals with £50,000 or more in […]

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]]> https://www.acuaccounts.com/making-tax-digital-for-income-tax-what-sole-traders-and-landlords-need-to-know-before-april-2026/feed/ 0 Spring Statement 2025: Key Changes for the Self-Employed and Small Businesses https://www.acuaccounts.com/spring-statement-2025-key-changes-for-the-self-employed-and-small-businesses/?utm_source=rss&utm_medium=rss&utm_campaign=spring-statement-2025-key-changes-for-the-self-employed-and-small-businesses https://www.acuaccounts.com/spring-statement-2025-key-changes-for-the-self-employed-and-small-businesses/#respond Fri, 11 Apr 2025 11:41:56 +0000 https://www.acuaccounts.com/?p=215621 What You Need to Know About Chancellor Reeves’ Latest Announcements Last updated: April 11, 2025 The Spring Statement delivered by Chancellor Rachel Reeves on March 26, 2025, confirms several significant tax and financial changes introduced in the Autumn Budget that will directly impact small businesses and self-employed individuals. As your financial advisors, we have analysed […]

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]]> https://www.acuaccounts.com/spring-statement-2025-key-changes-for-the-self-employed-and-small-businesses/feed/ 0 2024 Autumn Budget: What It Means for Small Businesses and the Self-Employed https://www.acuaccounts.com/2024-autumn-budget-what-it-means-for-small-businesses-and-the-self-employed/?utm_source=rss&utm_medium=rss&utm_campaign=2024-autumn-budget-what-it-means-for-small-businesses-and-the-self-employed https://www.acuaccounts.com/2024-autumn-budget-what-it-means-for-small-businesses-and-the-self-employed/#respond Tue, 05 Nov 2024 18:38:27 +0000 https://www.acuaccounts.com/?p=215613 In a historic first, Labour Chancellor Rachel Reeves delivered the first autumn budget by a woman and the first Labour budget in 14 years this October. The announcement brings significant changes for small businesses and the self-employed, with a mix of support measures and increased costs coming into effect from April 2025. You can find […]

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]]> https://www.acuaccounts.com/2024-autumn-budget-what-it-means-for-small-businesses-and-the-self-employed/feed/ 0 How to successfully navigate UK business accounting, taxes and payroll in 2023 https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023 https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/#respond Wed, 21 Dec 2022 20:22:10 +0000 https://www.acuaccounts.com/?p=215546 The 2022 Autumn Statement by chancellor Jeremy Hunt reversed several policies introduced with the previous mini-budget by his predecessor Kwasi Kwarteng, as well as changing several thresholds that apply to businesses and the self-employed. The autumn budget freezes the VAT threshold for businesses at £85,000, which with the current price rises will likely make VAT […]

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]]> https://www.acuaccounts.com/how-to-successfully-navigate-uk-business-accounting-taxes-and-payroll-in-2023/feed/ 0 Spring Statement 2022: Spotlight on business finance and accounting https://www.acuaccounts.com/spring-statement-2022-spotlight-on-business-finance-and-accounting/?utm_source=rss&utm_medium=rss&utm_campaign=spring-statement-2022-spotlight-on-business-finance-and-accounting https://www.acuaccounts.com/spring-statement-2022-spotlight-on-business-finance-and-accounting/#comments Tue, 29 Mar 2022 20:02:33 +0000 https://www.acuaccounts.com/?p=215498 Chancellor Rishi Sunak unveiled his Spring Statement on March 23rd, amidst the fastest price increases seen in the past 30 years.  Inflation is expected to peak at 8.7% in the final quarter of 2022, with significant effects on individuals and small businesses. Energy costs alone are estimated to rise on average by 54% from April […]

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]]> https://www.acuaccounts.com/spring-statement-2022-spotlight-on-business-finance-and-accounting/feed/ 1 Covid business support update and a preview of what lies ahead in 2022 https://www.acuaccounts.com/covid-business-support-update-and-a-preview-of-what-lies-ahead-in-2022/?utm_source=rss&utm_medium=rss&utm_campaign=covid-business-support-update-and-a-preview-of-what-lies-ahead-in-2022 https://www.acuaccounts.com/covid-business-support-update-and-a-preview-of-what-lies-ahead-in-2022/#respond Thu, 23 Dec 2021 08:37:37 +0000 https://www.acuaccounts.com/?p=215480 Chancellor Rishi Sunak has announced today, December 21st, new funding of £1bn in response to the rise in Covid cases. The funding supports primarily the hospitality and leisure sectors, as a surge in cases has been affecting trade. The £1bn funding package is split as follows: Grants of £6,000 per business premises in hospitality and […]

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]]> https://www.acuaccounts.com/covid-business-support-update-and-a-preview-of-what-lies-ahead-in-2022/feed/ 0 How to prepare your business for IR35 off-payroll working changes https://www.acuaccounts.com/how-to-prepare-your-business-for-ir35-off-payroll-working-changes/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-prepare-your-business-for-ir35-off-payroll-working-changes https://www.acuaccounts.com/how-to-prepare-your-business-for-ir35-off-payroll-working-changes/#respond Fri, 30 Apr 2021 08:36:20 +0000 https://www.acuaccounts.com/?p=215450 The changes to off-payroll working (IR35) rules for the private sector have been implemented from 6th April 2021. The new rules will significantly impact contractors working through a Personal Service Company, Recruitment Agencies, all large and medium-sized end-clients in the private sector and all organisations in the public sector. What is IR35? IR35 is tax […]

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]]> https://www.acuaccounts.com/how-to-prepare-your-business-for-ir35-off-payroll-working-changes/feed/ 0 How to file for your next self assessment https://www.acuaccounts.com/how-to-file-for-your-next-self-assessment/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-file-for-your-next-self-assessment https://www.acuaccounts.com/how-to-file-for-your-next-self-assessment/#respond Mon, 07 Dec 2020 23:46:44 +0000 https://www.acuaccounts.com/?p=215364 Self assessment is how HM Revenue and Customs (HMRC) collects income tax not automatically deducted from wages, pensions and savings. People and businesses with other income must report it in a tax return. Company directors, self-employed or members of partnerships need to file for self assessment. Likewise, if you have made additional untaxed income of […]

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