Letts Accounting & Taxation Solutions

28/08/2026

Delighted to announce that Letts Accounting & Taxation Solutions has been recognised by SME News UK Finance Awards 2026 as the Best Proactive Accounting & Tax Support 2026 - Kent.

25/08/2026

HMRC has just announced that they will sign up sole traders and landlords who need to use Making Tax Digital (MTD) for Income Tax. This will apply to the 2026-2027 tax year for those who have not signed up for themselves (or through an agent). It will apply to those sole traders or landlords whose records show their qualifying income was over £50,000 in the 2024-2025 tax year.

864,000 taxpayers were required to submit an MTD for income tax return by the filing deadline of 7 August 2026, however only 436,000 of those taxpayers actually fulfilled their obligation, meaning 428,000 failed to submit their return on time.

HMRC has announced that no penalty points will be issued for late quarterly updates during the 2026/27 transitional tax year but if you have not started doing MTD for income tax you really need to get a plan in place.

12/08/2026

Mandatory payrolling of Benefits in Kind.
From 6 April 2027 employers will be required to declare the following benefits in kind via their monthly payroll submissions:
- company cars and fuel
- vans and van fuel
- private medical benefits
Any remaining benefits provided will become mandatory to be declared on a monthly basis from 6 April 2028.

23/06/2026

A recent google review from one of my clients:

"I’ve been working with Mark for just under a year now, and honestly, the difference has been night and day compared to my previous accountant!

I run two businesses, and we’re currently in the very early stages of scaling one of them nationally - so the level of detail, clarity, and forward-thinking support I need is high. Mark has been exceptional across the board. He’s incredibly thorough, highly professional, and always accessible when I need him. But what really stands out is how personable and invested he is - he genuinely cares about the outcome, not just ticking boxes.

Before Mark, I was with a larger firm and constantly passed around different team members, often dealing with juniors and repeating myself. It felt reactive and disconnected. With Mark, it’s the complete opposite; consistent, proactive, and accountable.

I now genuinely refer to him as my “Chief Financial Officer / CFO.” I trust him to keep me sharp, challenge decisions when needed, and make sure we’re being forensic with our numbers at all times. He’s brought a level of structure and financial discipline that’s already had a meaningful impact (he's also slowly getting me out of my lazy habits!).

It genuinely feels like I’ve got someone in my corner now, and I’m looking forward to having Mark alongside me as we continue to grow the businesses!"

Matthew Burton

17/06/2026

COMPANIES HOUSE CHANGES

There will be changes to the reporting requirements for small and micro-entities which will start from 1 April 2028, so no immediate things to worry about.
The only major change that will be implemented is that small and micro-entities will be required to file profit and loss accounts with Companies House, which was not previously required. However small and micro-entities will be able to opt out of having the profit and loss accounts published on the public register.

14/05/2026

If you need to submit a 2025-26 tax return, you don't have to wait until January to complete and submit it. You can do this now, at a time that suits you.

Why submit now?:
1. You could get any tax refunds sooner if you're due one.
2. You will be able to budget for how much tax needs to be paid by 31 January if applicable.
3. Avoid the hectic January rush.
4. You have proof of income to help with any mortgage, loan or benefit applications.

Please feel free to contact me if you need any assistance with your 2025/26 tax return.

17/04/2026

Statutory Sick Pay Changed From 6 April 2026.

Statutory Sick Pay is now payable from the first full day of sickness absence and is available to more employees. This change was introduced on 6 April 2026.

Statutory Sick Pay is available to all eligible employees regardless of their earnings (the Lower Earnings Limit has been removed).

Statutory Sick Pay is payable from the first full day of sickness absence (the three-day waiting period has been removed).

The rate of Statutory Sick Pay for all employees is calculated at 80% of their average weekly earnings or the flat weekly rate, whichever is lower.

13/04/2026

Making Tax Digital (MTD) for income tax is now live. This means that sole traders and property owners with turnover in excess of £50,000 on their 2024/25 tax returns are required to make quarterly returns to HMRC.
This is something that shouldn't be ignored.
If you have any questions, please feel free to contact me.

Call now to connect with business.

13/04/2026

Relevant life insurance offers a practical solution for structuring personal life cover. Premiums are typically allowable for corporation tax, are not treated as a benefit in kind and do not usually attract employer or employee National Insurance.
For people already paying for life insurance personally, this can represent a significantly more efficient way of funding the same level of cover.

Call now to connect with business.

31/03/2026

🚨One week to go until Making Tax Digital!🚨

From 6 April, Making Tax Digital applies if your combined turnover from property and self-employment is over £50,000.

Don’t leave it to the last minute - sign up now and get set up with recognised software. ⬇️

https://makingtaxdigital.campaign.gov.uk/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd