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Monday 10am - 5pm Tuesday 10am - 5pm Wednesday 10am - 5pm Thursday 10am - 5pm Friday 10am - 5pm

Karen Eason Certified Accountant Limited

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Karen Eason Certified Accountant Limited

A professional accountancy service for businesses of all sizes in a language you can understand. www.kareneason.co.uk Tel 07934 468851

Sole Practitioner Accountancy Practice. Offering everything you would expect from an
accountancy practice with a personal touch. ACCA and AAT qualified with over 25 years experience.

29/10/2026

Just about to watch Martin Lewis to see what he made of the budget.

28/10/2026

October 2026 Budget Update -

19/10/2026

Lisa Bailey and I had a great time on Saturday night at the Littlelifts Annual Ball. An amazing charity. We had a brilliant time and danced the night away 💃💃💃. Slightly early but we did this , this year as our Christmas event instead of our usual Christmas dinner!

24/09/2026

November 2026 letter - Tax News -

28/07/2026

A Guide to Making Tax Digital (MTD)

What is MTD?
MTD is a government initiative to remove all the paperwork linked to tax over the next few years. Using digital systems will minimise the risk of manual errors. This can save both time and money as well as reducing the chances of being subject to penalties for inaccurate tax reporting. It will also ensure that you have up to date and accurate information that could help you with future planning.

Who will need to sign up and when?
Sole Traders and Landlords with qualifying income:
Over £50,000 will need to comply with MTD from 6th April 2026
Over £30,000 will need to comply with MTD from 6th April 2027
Over £20,000 will need to comply with MTD from 6th April 2028

What is qualifying income?
Qualifying income is the combined turnover (before expenses are deducted) from Self-employment and property.
HMRC will use the most recent tax return to identify if you will need to sign up for MTD. MTD from 6th April 2026 income will be based on the 2024-25 tax return.

What digital information is needed?
The information needed are records of your income and expenses of your self-employment and property businesses. At a minimum the records should consist of dates, amounts and HMRC Category.

How often?
You will be required to submit quarterly updates; these will be summaries of your income and expenses. It will cover the following periods:

Quarter

Tax quarterly period 1 6th Apr – 5th Jul Calendar quarterly period 1st Apr – 30th Jun Filing deadline 7th Aug

Tax quarterly period 2 6th Jul – 5th Oct Calendar quarterly period 1st Jul – 30th Sep Filing deadline 7th Nov

Tax quarterly period 3 6th Oct – 5th Jan Calendar quarterly period 1st Oct – 31st Dec Filing deadline 7th Feb

Tax quarterly period 4 6th Jan – 5th Apr Calendar quarterly period 1st Jan – 31st Mar Filing deadline 7th May

A Final declaration must be made by the 31st January. This will be when you can add or amend information. Your Self-Assessment tax bill will then be generated for that year. There are currently no changes to the way tax liabilities are paid. The Final Declaration is equivalent to our usual year end check of your records and adjusting for items such as use of home as office and private proportions.

What’s next?
You will need to decide how much help you will need from us to complete your bookkeeping, whether this will be monthly or quarterly. Alternatively, you can input your own data and have us review your software quarterly or annually. We will contact each client separately to find out what level of support you need from us.

28/07/2026

We are getting the quarterly updates submitted for our clients. This is what it looks like when its done successfully 🎉🎉🎉

21/07/2026

First Making Tax Digital Return submitted for a client today 🎉🎉🎉. Quite painless, thank goodness.

10/04/2026

5th April Checklist -

Details of any assets sold during the year which may be subject to Capital gains. Any other information which you may consider relevant. I look forward to hearing from you.

16/03/2026

March Newsletter -

06/03/2026

Just had a great one - to - one training session with a client helping them get used to the new layout in QuickBooks. we have prepared a special handbook for our clients which shows the old methods and the new updated methods. Getting our clients ready for making Tax Digital and the new financial year end.🥳🥳🥳

Address

Westacre Drive
Norwich

Opening Hours

Monday	10am - 5pm
Tuesday	10am - 5pm
Wednesday	10am - 5pm
Thursday	10am - 5pm
Friday	10am - 5pm

Website

http://www.kareneason.co.uk/

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