Attention Sole Traders and Landlords: 864,000 Facing Brand New HMRC Digital Tax Rules

If you are a self-employed business owner or a landlord in the UK, a massive shift in how you report your income is right around the corner. HM Revenue & Customs (HMRC) has issued…

Preparing for the Expanded Making Tax Digital Rollout

IntroductionHM Revenue & Customs (HMRC) has finalized its updated roadmap for the expansion of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA). The initiative is designed to transition small businesses and…

A Record April for HMRC Filings & New MTD Rules

IntroductionA record-breaking number of UK taxpayers have filed their Self Assessment tax returns early for the current tax cycle. According to official HM Revenue & Customs (HMRC) figures, nearly 740,000 individuals submitted their returns…

HMRC Doubles Funding Support for Taxpayers: What Businesses Need to Know

IntroductionHM Revenue & Customs (HMRC) has announced a significant funding boost aimed at assisting taxpayers who need extra support. A new £11.18 million grant scheme has been launched to fund voluntary and community organisations…

HMRC Signs £175 Million AI Partnership with Quantexa to Strengthen Fraud Detection and Tax Return Error

The UK government has awarded a 10-year contract worth approximately £175 million to British technology company Quantexa as part of an effort to modernise HM Revenue and Customs (HMRC) using artificial intelligence. Under the…

📢 Important Update for All Company Directors & PSCs

Mandatory Identity Verification from 18 November 2025 From 18 November 2025, Companies House will require all company directors, People with Significant Control (PSCs), and anyone registering a new company to verify their identity as…

Making Tax Digital (MTD) for Income Tax Self-Assessment:

What is Making Tax Digital (MTD)? Making Tax Digital (MTD) is a UK government initiative that will modernize and update the tax system by requiring taxpayers to keep digital records and file tax information…

A reminder for Online Sellers – HMRC now receives more information on Online Sales!

As the dependency on internet has grown, the tendency of people earning their livelihood through online trading of goods and services have also gone up. Considering this rapidly changing and increasing mode of trading,…

Dear Employers, – Brace Yourselves – Key Changes to National Minimum Wage and Employer NI Contributions Payable in April 2025!

As March comes to an end, it’s time to prepare for some major changes that will apply to your payroll from 6 April 2025. The UK government recently made an announcement regarding rises in…

Achieve Your Goals With NP&US Accountants

You can choose a pre-packaged service to meet your business needs or use individual services from NP&US Accountants as you require. We remain flexible to ensure you only pay for services you really need.

How to Set a Budget for Your Business: 6 Simple Steps

Setting a budget for your business is a bit like taking a road trip. The journey will be much smoother if you plan ahead, know where you’re going, and have enough fuel (AKA money)…