M-Power Finance

26/09/2025

Company Director? Are you aware of the changes?

From 18 November 2025, all company directors (and people with significant control, or PSCs) will have to verify their identity with Companies House

Here’s what you need to know 👇

✅ Who needs to do this?
• New directors (from 18 Nov 2025 onwards)
• Existing directors
• PSCs
• Anyone filing information on behalf of a company

✅ How will it happen?
• A simple online check: your passport or driving licence + a selfie/video check 📸
• Or, if you’d rather not do it yourself, your accountant or agent (if they’re an authorised provider) can handle it

✅ When does this matter?
• New directors: must verify before appointment or company incorporation after 18 Nov 2025
• Existing directors: you’ll need to verify when your next confirmation statement is filed in the 12-month transition period
• PSCs: will also have deadlines tied to either the confirmation statement or birth month, depending on if they’re also a director or not

⚠️ Why this matters
• After 18 Nov 2025, you can’t legally act as a director unless your identity is verified
• Filings by or about unverified directors may be rejected
• Penalties, fines, or even disqualification could follow

👉 What you should do right now
• Check your passport or driving licence is current
• If possible, get verified before the 18 November deadline to avoid last-minute rush
• Ask your accountant or agent if they plan to be an authorised agent (so they can verify on your behalf)

Don’t get caught out!

If you want help walking through the process (step by step), drop me a message I am happy to help you get ahead of it.

15/09/2025

Self Assessment Registration Deadline Reminder
⏰ Don’t miss the deadline! ⏰
A quick reminder that the deadline to register for Self Assessment for the tax year to 5 April 2025 is 5 October. If you’re a sole trader and haven’t registered yet, now is the time to act!
If you have any questions or need guidance, get in touch with us at M-Power Finance—your local accountant specialising in small businesses and sole traders. We’re here to help you every step of the way.
Contact: [email protected]
Make sure you’re set up in time and avoid any unnecessary stress later on!

11/09/2025

Are you a small business owner with a March year end and dreading the year-end accounts process? Let M-Power Finance, who are based in Edenbridge take the stress out of filing, so you can focus on what you do best—running your business.
• Stay compliant and avoid HMRC or Companies House penalties
• Maximise tax savings with expert advice
• Clear, jargon-free support tailored for small businesses
• All paperwork, submissions, and deadlines handled for you
Based in Edenbridge, we support local companies, sole traders, start-ups, and growing businesses. We prepare and file your statutory year-end accounts, corporation tax returns, and offer ongoing advice through the year.
Ready to breeze through year-end? Book your free consultation today—just send us a message or comment below!
Your accounts. Our priority. Stress-free, every time.

09/09/2025

Everything You Need to Know About Input VAT Reclaims and Your VAT Obligations

Everything You Need to Know About Input VAT Reclaims and Your VAT Obligations Introduction Value Added Tax (VAT) is a crucial element of the UK’s tax system, affecting businesses of all sizes. For those registered for VAT, understanding the basics of Input and Output VAT is essential for complianc...

15/08/2025

Following the announcement earlier in the year regarding upcoming changes to Companies House filing requirements, it has now been confirmed that identity verification measures will be introduced from 18 November 2025.

Following the announcement earlier in the year regarding upcoming changes to Companies House filing requirements, it has now been confirmed that identity verification measures will be introduced from 18 November 2025. From this date, compliance will be mandatory. Benefits of the new legislation incl...

11/08/2025

A director’s loan is the funds a director deposits into and takes from the business that fall outside of expense expenses, salary or dividends. Directors’ loans can be with the director lending the company money or taking money out. A record of these withdrawals and deposits are shown on a director’s loan account. This record will establish whether or not the loan account is overdrawn and will confirm the tax implications for the director and the company....

A director’s loan is the funds a director deposits into and takes from the business that fall outside of expense expenses, salary or dividends. Directors’ loans can be with the director lending the company money or taking money out. A record of these withdrawals and deposits are shown on a direc...

03/08/2025

HMRC has the right to check your business finances at any point to ensure you’re paying the right amount of tax. If your business is selected, you’ll receive an HMRC investigation letter or phone call in which they’ll tell you what they want to look at. This might include things like: the tax that you pay your accounts and tax calculations…...

A tax investigation is a process which HMRC undertakes to review whether taxpayers are paying the right amount of tax.

21/07/2025

21/07/2025

What's the difference between a sole trader and a limited company?

Contact us at M-Power Finance to help you decide

The main difference between a sole trader and a limited company is the legal structure. Sole Traders are self-employed individuals, who are the sole person in their business. As a sole trader, you have total control over any business assets and profits. This also means you are personally liable for....

11/07/2025

When you hire someone, for tax purposes you need to understand whether the law sees them as your employee or sees them as self-employed. If they are your employee then you have important responsibilities, including deducting tax and National Insurance from their wages and paying the money over to HM Revenue & Customs (HMRC). If they are genuinely self-employed, then you don’t need to do this....

When you hire someone, for tax purposes you need to understand whether the law sees them as your employee or sees them as self-employed. If they are your employee then you have important responsibilities, including deducting tax and National Insurance from their wages and paying the money over to HM...

08/07/2025

Statutory Sick pay is changing...

Following a recent consultation, the Department for Business and Trade (DBT) confirmed on 1 July that significant reforms to Statutory Sick Pay (SSP) will come into force from April 2026. While the changes are aimed at enhancing support for employees, but they will also introduce additional costs fo...

04/07/2025

Need an Accountant to help you make the most of your business financially?
At M-Power Finance our goal is to give you tailored Accounting solutions that will help you get on top of your business finances and stay on top. We specialise in bookkeeping, tax returns, cash flow management and management accounting.
Get in contact to find out how we can empower your business