JP Accountancy, Lowestoft (2026)

06/04/2026

New Tax Year, Fresh Financial Start 🗓

The 6th April marks the beginning of the 2026/27 tax year — the perfect moment to reset, review, and get ahead of your finances.

Whether you’re a sole trader, director, or small business owner, today is a great time to:

• 📂 Organise your records
• 💼 Review allowances and reliefs
• 🧾 Plan ahead for payroll, benefits, and expenses
• 📊 Set up systems that make the year smoother than the last

A little preparation now can save a lot of stress later. Here’s to a streamlined, compliant, and confident year ahead.

📱DM.

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

01/04/2026

🌼 April brings changes for 2026/2027 tax year. 🌼

Class 2 National Insurance
The Small Profits Threshold - the profit level below which sole traders can opt to pay Class 2 National Insurance (NI) contributions voluntarily - will increase to £7,105, with the Class 2 NI rate being £3.65 per week.

National Minimum Wage Rise
The national minimum wage increases to:21+ (NLW): £12.7118–20: £10.85Under 18: £8Apprentice: £8

Dividend Tax Increase
Dividend Tax will rise by 2 %
Basic rate: from 8.75% → 10.75%
Higher rate: from 33.75% → 35.75%
Additional rate: remains at 39.35%

The dividend allowance stays at £500.

Capital Allowances
Main rate Writing Down Allowance drops from 18% → 14%

Corporation Tax Penalties
Corporation Tax late‑filing penalties will double starting in April 2026.
Late Filing £200
3 Months Late £400
Repeated Late filing up to £2000

Work From Home Tax Relief Scrapped
Employees can no longer claim the £6/week home‑working allowance unless they have no office available (not just choosing to work remotely).

State Pension Increase
New State Pension: £230.25/week
Basic State Pension: £176.45/week

Making Tax Digital MTD
Anyone with qualifying income over £50,000 from self‑employment or property.
Requirements:
Keep digital records
Submit quarterly updates
File a final end‑of‑year declaration
Thresholds fall further in later years:April 2027: over £30,000April 2028: over £20,000.

📱 DM.

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

09/03/2026

JP Accountancy celebrated four years in business at the weekend 🎉

What started as an idea, followed by lots of studying and multiple exams, has grown into something I’m incredibly proud of. For the past 4 years I’ve been running this business completely on my own — building it, learning every day, and growing it step by step. This year I hit capacity and had to turn away potential clients, which lead me to take on my first employee to help with the admin side of things.

There have been challenges, lessons, wins, and plenty of moments where persistence mattered more than anything. But every client, every bit of support has made it all worthwhile.

To everyone who has supported my small business along the way — whether you’re a client, recommended me, shared a post, or simply cheered me on — thank you. It genuinely means the world.

Here’s to the next year 🩶

31/01/2026

It’s self assessment deadline day! All self assessments for the 2024-2025 year must be submitted by the end of the day.

It also means any income tax liabilities must also be paid today otherwise you may face fines or interest added to the amount due.

📱 DM.

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

21/03/2025

Payments on account are payments towards your next year's Income Tax. The amount you have to pay for each payment on account is half of your previous year's tax bill. So if your tax bill for this tax year is £1,500, then you would also have to make two payments on account totalling £1,500 towards next year's bill.

Payments on account are due on 31st January during the tax year, and 31st July soon after its end. For example, on 31st January 2025 and 31st July 2025 you may be told to make payments on account towards the tax that you're going to have to pay on your income for the 2024/25 tax year, even though the tax return for that year is not due until 31st January 2026.

If you end up paying too much, HMRC will give you the difference back, either via cheque or bank transfer or by deducting the difference from your next tax bill.

You may know in advance that you will pay too much on account because your tax bill next year will be lower. This could be because you’re winding your business down, for example, or because you’re passing retirement age and will no longer have to pay Class 4 National Insurance. If this is the case, you can apply to HMRC to reduce your payments on account.

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

17/03/2025

A reminder of the tax changes that will begin in April 2025 which could affect your business.

▪️Employers National Insurance will increase from 13.8% to 15%

▪️National Insurance threshold to decrease from £9100 to £15000

▪️National Minimum Wage increase

▪️Employment Allowance increasing from £5000 to £10500

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

14/03/2025

The deadlines for paying your tax bill are usually:

📆 31 January - for any tax you owe for the previous tax year (known as a balancing payment) and your first payment on account

📆 31 July for your second payment on account

Make sure you pay HM Revenue and Customs (HMRC) by the deadline. You’ll be charged interest and may be charged a penalty if your payment is late.

The time you need to allow depends on how you pay.

You can pay:

▪️through your online bank account
▪️using online or telephone banking (Faster Payments)
▪️by CHAPS
▪️by debit or corporate credit card online

You’ll need to use your 11-character payment reference. This is your 10-digit Unique Taxpayer Reference (UTR)

The quickest and easiest way to pay is via the HMRC app, here you can make payment, arrange for payment plans and see payment on accounts due.

Any questions or help needed in tax liabilities please get in touch.

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

10/03/2025

New week, new opportunities!

Running a small business isn’t easy. Some days feel like you’re conquering the world, and others? Well, they feel like the world’s conquering you.

But here’s the thing: every great success story starts with small, consistent steps.

This week, focus on progress, not perfection.

Is there one task you’ve been putting off? Tackle it today.

Have you celebrated a recent win, no matter how small? Take a moment to reflect on how far you’ve come.

Need help with the areas holding you back? Don’t be afraid to ask for support.

Small business ownership isn’t just about working hard—it’s about working smart. And you’re not alone on this journey.

Reach out today so I can help to support you on yours!

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

07/03/2025

Three years of JP Accountancy!

Another wonderful year growing and achieving goals. A massive thank you to all my amazing clients, friends and family, for all the recommendations you give to others, the social media likes and comments.

Forever Grateful

JP 🩶

03/03/2025

Running a Business is Hard

Ever felt like running your business is a juggling act?

There are clients to please, maybe you have staff to manage, and endless admin tasks pulling you in every direction. Add on the pressure of managing your finances, and it’s no wonder so many business owners feel overwhelmed.

I’ve seen it happen time and again:
- Sleepless nights worrying about cash flow
- Scrambling to meet tax deadlines
- Wondering if you’re even profitable after months of hard work

Here’s the truth: you don’t have to face these challenges alone.

A good accountant doesn’t just do your books. They give you peace of mind, clarity about your numbers, and the space to focus on what you do best—running your business.

If you’re tired of the financial stress, it might be time to make a change.

I can help take the burden of your accounting requirements off your plate, helping to make your business thrive!

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

28/02/2025

Self-Assessment is a system that HMRC uses to collect Income Tax. Individuals who have earned income that HMRC doesn't yet know about, such as profit from a business, usually have to report that income to HMRC in a Self Assessment tax return.

The Self-Assessment tax return shows how much an individual has earned, and from what sources, over the course of a tax year. Most business owners have to prepare a tax return and then send it to HMRC and pay their tax bill by midnight on 31st January every year. The tax return would usually include income earned between 6th April to the following 5th April.

Registration 🗓️
If an individual identifies that they need to file a Self Assessment tax return for a particular tax year, they should register with HMRC. The deadline for registering is 5th October of the calendar year in which that tax year ended. Once registered, individuals won’t need to register for Self Assessment with HMRC again.

Information Needed 🗓️
When you complete a Self-Assessment you need to disclose all income earned within the period even if it has already been taxed. This can include self employed earning, employment income, dividends, income from rental properties or pensions. You may also need to include child benefit if your earnings are over a certain amount.

Filing and Deadlines 🗓️
HMRC will expect individuals to pay any tax and National Insurance that they owe, by the 31st January
that follows the end of the relevant tax year. Filing your tax return online before the deadline is recommended to avoid missing the payment deadline and incurring a penalty. If you have payments on account to make, the second of these will be due by 31st July.

Any questions or help needed in registering or filing a Self-Assessment please get in contact.

📱 DM

📞 07470497357

📧 [email protected]

💻 www.jpaccountancy.org

JP Accountancy

06/04/2026

01/04/2026

09/03/2026

31/01/2026

21/03/2025

17/03/2025

14/03/2025

10/03/2025

07/03/2025

03/03/2025

28/02/2025

Address

Website

Alerts

Contact The Business

Shortcuts

Share

Category