South Devon Accounting Ltd

22/05/2026

Attention troops!

Confirmation that approved HMRC mileage & fuels rates have increased for the 2026/27 tax year.

If you reimburse your employees or charge mileage to clients at HMRC approved rates, then these rates need to be increased accordingly.

If you reclaim any shortfall in mileage reimbursed by your employer, then this figure will increase in your 2026/27 tax return filed next year (unless your employer increases their reimbursement rate).

As you were soldiers! 💂‍♂️

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20/05/2026

Afternoon troops!

Just a heads up that some of us are away on outdoor maneuvers next week so our office will not be fully operational.

Lieutenant Annabelle Ash will be at the helm and dealing with anything urgent, but all general enquiries will be dealt with on our return to base camp on Monday 1st June.

Payroll services will be unaffected.

As you were soldiers 💂‍♀️

23/04/2026

Morning troops 💂‍♂️

Just a heads up that we are closed today for tax update training.

Truly living the accounting dream!

As you were soldiers 🫡

08/04/2026

Evening troops 💂‍♂️

We are 48 hours into the new tax year and clients are already forwarding letters received from HMRC to file their 2025/26 tax returns 🙄

Keep calm, we are ready 🫡

As you were soldiers 💂‍♂️

01/04/2026

Attention All Payrollers!

Just a reminder that you should confirm your entitlement to the Employers National Insurance Allowance before running your first payroll of the year. Many software's will provide you with a prompt to do this.

For QBO Advanced Payroll, go to your HMRC settings and check the box to confirm if you are claiming the Employers NI Allowance. You will also see an option to include the Employers NI Allowance in your payroll journals - make sure you have that checked on 'YES'.
You should then go to your reports and submit an EPS to confirm your status with HMRC. Uncheck the box stating that the month is a non-payment period.

Please also be aware of the increases to Minimum Wage Rates. It may be that you need to recalculate staff salaries to ensure they are being paid at/above the uplifted rates for the new tax year.

As you were troops 💂‍♂️

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

11/03/2026

Attention all payrollers!

Just a reminder that as you prepare your final payroll of the tax year, you will also be making your final submission to HMRC, closing the tax year. If you are using payroll software (other than HMRC’s Basic Tools), this should be automated by the software. For Basic Tools, you must confirm and submit your final submission separately.

You will need to issue all current employees their P60 for the tax year. A P60 is a form that confirms how much has been earned over the tax year and how National Insurance contributions and Pay As You Earn (PAYE) income tax has been paid by the individual.
P60’s must be issued before 31st May.

You should be able to process P60’s on payroll software immediately after submitting your final payroll for the tax year. HMRC’s Basic Tools will not produce P60’s until after 6th April.

Opening the New Tax Year

You must confirm your entitlement to the Employers National Insurance Allowance by submitting an EPS BEFORE you run your first payroll of the new tax year.

You should also check that all employee tax codes have been updated for the new tax year before running your first payroll.
Most software will be connected to HMRC via your Government Gateway credentials, and so should update automatically, but it is worthwhile checking that these are correct. If using HMRC’s Basic Tools, you will need to update tax codes manually.

Finally, you should also review your staff rates of pay to ensure that new minimum wage thresholds are being met.

As you were soldiers 💂‍♂️

09/03/2026

Exeter AAT Branch are delighted to have Micheal Steed presenting a tax update on Monday 16th March. This catered event is free to attend and you do not need to be an AAT member, it is open to all.

This is a fantastic opportunity for any friends and colleagues in the finance industry and/or business owners. Book your free place using the link below!

https://www.aatevents.org.uk/aatevents/frontend/reg/thome.csp?pageID=286800&eventID=940&CSPCHD=001001000000HDd1WukSbnwEY0EUmxvUbQ36utY7XlatvJsvTi

23/02/2026

Morning troops!

We hope that you have had a great couple of weeks. We are back in the saddle today, and busy dealing with any emails and enquiries that came in whilst we were away on holiday. We are working through things as fast as we can, and appreciate your patience. Normal service will soon be resumed!

As you were soldiers 💂‍♂️

29/01/2026

Morning troops!

A heads up that some of the team are taking annual leave from Monday 9th to Friday 20th February for some much needed rest and recouperation following tax season.

Operations will be left in the capable hands of Lieutenant Annabelle Ash, and special forces are also on stanby in case of emergency.

All routine enquiries received during this period will be dealt with on our return.

As you were soldiers💂‍♂️

28/01/2026

Attenion Troops! 💂‍♀️

Exciting news! Exeter AAT Branch has secured another visit by Past AAT President and tax guru Mr Michael Steed, who will be presenting a general tax update.

The event takes place on 16th March at 6pm at The Exeter Golf & Country Club, is free to attend, open to all, and includes a free buffet.

In this session Michael will be navigating us through: -

i) Personal tax update, including fiscal drag, pension tax, the FIG regime, reforms to APR and BPR.

ii) Changes to property income rates from April 2027.

iii) MTD for sole traders and landlords from April 2026 - are you ready?

iv) Business tax issues including the new 40% FYA.

v) Employment tax issues including EVs and salary sacrifice, off-payroll working, etc.

vi) Topical VAT issues.

Speaker Bio: AAT Past President Michael Steed has been a member of the AAT community for over 30 years. Changing careers and training as an accountant, Michael joined PWC before starting his own accounting practice business to help small businesses thrive.

A Chartered Tax Adviser, Fellow of the Chartered Institute of Tax, and former Head of Tax for BPP Professional Development, Michael is an experienced tax consultant who writes and lectures extensively on taxation issues.

This is an opportunity not to be missed. Book your place now using the following link: -

https://www.aatevents.org.uk/aatevents/frontend/reg/thome.csp?pageID=286800&eventID=940&traceRedir=2

As you were soldiers 💂‍♀️