Capstone, Accountants & Tax Advisers

28/11/2025

28/11/2025

04/11/2025

📢 Important Update for Self-Employed Clients

HMRC is changing how self-employed individuals and landlords report their income.

From April 2026, anyone earning over £50,000 from self-employment or property will need to follow the new Making Tax Digital (MTD) for Income Tax rules.
Those earning between £30,000 and £50,000 will join from April 2027.

🔹 What this means:
You’ll no longer submit just one yearly tax return. Instead, you’ll need to provide quarterly digital updates throughout the year, followed by a final declaration at year-end.

🔹 Why this matters:
The new system requires accurate record-keeping and timely submissions. Working closely with your accountant or tax adviser will ensure your information is filed correctly and on time, avoiding penalties or compliance issues.

💡 Tip: If you’re self-employed, now is the best time to speak to your accountant to prepare for these upcoming changes.

06/06/2025

Eid Mubarak!
Wishing you and your loved ones a joyful and blessed Eid al-Adha.

10/05/2025

If you are an employer and HMRC discovers you have paid your employees less than the minimum wage, it can issue you a notice to pay the correct wage to the employee and issue a penalty of up to £20,000 and a minimum of £100 for each worker affected.

The National Minimum Wage and National Living Wage rates: age, apprentices, previous years.

29/03/2025

Eid Mubarak. Have a blessed Eid.

31/10/2024

Labour Gov’t first budget is in Favour of Employees and the people who are on Universal Credit but it will hit hard to small Businesses and Landlord.
• 6.7 % increase of Minimum Wages (rise from £11.44 to £12.21 per hour from April 2025)
• 1.7 % increase of Universal Credit (rise from £393.45 to £400.14 for a single person per month from April 2025)
• Companies to pay NI at 15% on salaries above £5,000 from April 2025.
• Stamp duty will rise from 3% to 5 % on the purchase of second homes from 31 Oct 2024.

31/10/2024

If you're on low pay, your wages should rise
Minimum wages, paid by employers, will rise across the UK in April. It means:
The National Living Wage, for employees aged 21 and over, will rise from £11.44 an hour, to £12.21
If you are aged 18, 19 or 20, the National Minimum Wage will go up from £8.60 an hour, to £10
For those aged 16 or 17, the minimum wage will rise from £6.40 an hour, to £7.55

The chancellor has delivered a packed Budget, so here's how it affects you and your money.