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Lord & Swain Accountants

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Lord & Swain Accountants

Personal & Business Taxation

28/10/2026

📣 Small business owners! Here are the key takeaways from today’s 💼🍂

📌 Minimum wage rates rise by 3.9% from 1st April 2027: pay for over-20s rises to £13.21 per hour, pay for those aged 18 to 20 rises to £11.27 per hour.
📌 The mileage rate rise to 55p per mile for the first 10,000 miles has been made permanent, and the higher mileage rate will rise from 25p to 35p per mile from 6th April 2027.
📌 Trading allowance - the tax-free allowance for individuals who make income from self-employment - will be tripled from £1k to £3k from 6th April 2027.
📌 In England, the threshold for Small Business Rate Relief (SBRR) increases from £12k to £18k for the retail, hospitality and leisure (RHL) sectors from April 2027, and business rates bills for RHL businesses will be frozen for two years.
📌 Statutory parental pay introduced from April 2029 for self-employed dads, same-sex partners and adopters.
📌 A raft of support for founders: including a new Young Entrepreneurs Allowance, support for female founders and a new Founders’ Relief.

And finally… 🥁 self-employed people and landlords joining MTD for Income Tax from 6th April 2027 won’t receive penalty points for late submission of their first four quarterly updates.

Keep your eyes peeled for our blog later today 👀 where we’ll be diving deeper into the changes announced and how they could impact small businesses.

16/10/2026

Dear Client,

We want to announce to all clients of the partnership between Lord and Swain Accountants and Peninsula, the UK’s leading provider of employment law, HR, and health & safety advice.

Through this partnership, our clients can access introductory employment law support through Jake Ogden at Peninsula, designed to provide practical guidance on specific employment matters and upcoming legislative change.

What this means for you

You are entitled to the following limited support, at no cost:

-A one-off employment advice consultation (advice card), providing guidance on a specific employment query
-An employment impact assessment focused on the forthcoming Employment Rights Act changes expected in 2026/2027, helping you understand how the reforms may affect your business. This would involve a review of your current employment documentation and a report with findings.
-A complimentary contract of employment template, aligned with current best practice and anticipated legislative updates

How to access this support

To access the partnership benefits or to arrange your one-off consultation, please contact:

Jake Ogden
Peninsula
07920 417951
[email protected]

Please quote Ref: 'Lord and Swain Accountants' when getting in touch.

We’re pleased to be able to extend this additional support to our clients and believe it will be particularly valuable as employment legislation continues to evolve. In the meantime, please find the attached roadmap of the upcoming changes impacting all employers.

Kind regards,

Award-winning HR, employment law, and Health & Safety consultancy firm for employers. Find out how our experts free you from stress, admin, and risk.

25/08/2026

We’re here and available for self assessments if you’re ready. The year ended 5th April 2026 will be due and payable as at 31st January 2027.

07/08/2026

Today I’ve purchased the Andica MTD ITSA Software and successfully filed my first client (guinea pig) I believe there’s no financial penalties in the first twelve months but I’m here and available Monday.

23/07/2026

From our friends at Free Agent;

🤗 Over 1,000 FreeAgent customers joined our webinar on MTD for Income Tax quarterly updates - it’s a hot topic as the 7th August deadline draws near 🔥

And with a bumper crop of over 550 questions we had a lot to talk about! 📣 Here are a few nuggets...

⌛ You won’t get a penalty if you’re late in filing and miss the 7th August quarterly update deadline, or the next three quarterly update deadlines, but that only applies this year, 2026/27 - next year you’ll be hit with penalty points and could face a fine if you miss filing deadlines.

🚀 You need a separate FreeAgent account to file a separate quarterly update for each income stream that you have - so if you rent out property and are also self-employed, you’ll need two FreeAgent accounts, or if you have more than one sole trade, you’ll need a separate FreeAgent account for each of your trades. (This keeps your income and costs for each income stream separate and means you can meet your filing obligations by reporting the right income streams in the right places.)

❗ Quarterly updates only include business / rental income and day-to-day running costs - keep pension income, salary from a job, tax relief on pension contributions you pay, capital gains, and charitable donations for your final declaration at the end of the year.

💰 If your bank account is linked to FreeAgent you can easily just check and explain each transaction and FreeAgent will take those explained transactions to populate your quarterly updates with income and costs.

🔎 You don’t need to use an accountant or bookkeeper to do quarterly updates on FreeAgent, but if you have one they can connect to your account to help with MTD for Income Tax filing.

✅ If you make a mistake on a quarterly update, just correct it on FreeAgent when you find it, and when you submit your next quarterly update to HMRC it will automatically correct the error.

If you missed the webinar, don’t worry - you can catch up now. It’s definitely worth 30 minutes of your day 🙂

👉

Take the stress out of filing your first Making Tax Digital (MTD) for Income Tax quarterly update, as FreeAgent’s Chief Accountant Emily Coltman FCA shows exactly what you need to do - and how to do it.

19/04/2026

Would anyone like an advertising banner at Luddenden Foot Bowling Club for the 2026 season at a cost of £150 which includes the cost of the banner and £100 thereafter (2027 season)

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