FM Accounting

22/02/2026

Just booked my free ticket to the Finance, Accounting & Bookkeeping Show 2026 – a must-attend event for anyone in the finance world.

Expert speakers, practical insights, and great networking opportunities.

Join me there 👉

I've booked my tickets for The Finance, Accounting & Bookkeeping Show, join me!

12/01/2026

New rules started in the UK from 1 January 2024 which mean if you sell on digital platforms, the platform operator may need to:
-collect and check specific details about you
-report details to HMRC
A digital platform is any software, including mobile apps and websites, which allows you to offer services and goods to users.

Pls, contact us for any help submitting your Tax Return on time!

https://www.gov.uk/guidance/selling-goods-or-services-on-a-digital-platform

12/01/2026

🇬🇧 Self-Assessment Tax Return 2024/25
🗓 Deadline: 31 January 2026

HMRC has made late filing and late payment more expensive than ever.

If you miss the deadline, you could face:
• £100 automatic late-filing penalty
• Additional penalties if delays continue
• 🔥 7.75% interest charged daily on unpaid tax

That interest applies from the due date and keeps increasing until the balance is cleared — directly impacting your cashflow.

📌 Acting early avoids stress, penalties and unnecessary costs.
- - - - - - - - - - - - - - - - - - - - - - -- - - - - - --
🇷🇴 Declarația fiscală Self-Assessment 2024/25
🗓 Termen limită: 31 ianuarie 2026

HMRC a crescut costurile pentru depunerea și plata cu întârziere.

Dacă întârzii, riști:
• Penalizare automată de £100
• Amenzi suplimentare în timp
• 🔥 Dobândă HMRC de 7,75% aplicată zilnic taxelor neplătite

Această dobândă se acumulează până la plata integrală și afectează direct bugetul tău.

📩 Trimite documentele din timp și evită costuri inutile.

07/01/2026

📢 REGULI NOI DE TAXE DIN APRILIE 2026 – Se va implementa MTD pentru ITSA!
HMRC introduce sistemul Making Tax Digital pentru Self Assessment (MTD pentru ITSA) în trei etape, iar aceste schimbări vor afecta toate afacerile, persoanele self‑employed și proprietarii care închiriază.

📅 Etapa 1 – Din Aprilie 2026
Trebuie să respecți regulile MTD dacă ai venituri eligibile peste £50,000 (self‑employment + chirii).
📅 Etapa 2 – Din Aprilie 2027
Trebuie să respecți regulile MTD dacă ai venituri eligibile peste £30,000.
📅 Etapa 3 – Din Aprilie 2028
Trebuie să respecți regulile MTD dacă ai venituri eligibile peste £20,000.

Ce înseamnă noile reguli MTD pentru ITSA pentru tine?
Va trebui să:
• ții registre digitale cu toate veniturile și cheltuielile aferente afacerii tale
• trimiți rapoarte trimestriale către HMRC prin software aprobat
• depui declaratia finala / End of Period Statement
• trimiți o Final Declaration, în locul declarației Self Assessment clasice

De ce să te pregătești din timp?
• eviți penalitățile
• ai evidența organizată tot anul
• știi mai devreme cât ai de plătit
• faci trecerea la noile reguli fără stres

Dacă ești self‑employed sau închiriezi proprietăți, aceste schimbări te vor afecta — iar pregătirea din timp este esențială.
Te pot ajuta cu software-ul potrivit, configurare și conformitate.

📩 Scrie‑mi dacă vrei ajutor înainte să intre în vigoare noile reguli !

07/01/2026

📢 NEW TAX RULES FROM APRIL 2026 – MTD for ITSA is coming!
HMRC is rolling out Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) in three phases, and these changes will impact all sole traders and landlords with qualifying income.

📅 Phase 1 – From April 2026
You must follow MTD rules if your qualifying income is over £50,000 (self‑employment + property income).
📅 Phase 2 – From April 2027
You must follow MTD rules if your qualifying income is over £30,000.
📅 Phase 3 – From April 2028
You must follow MTD rules if your qualifying income is over £20,000.

What does MTD for ITSA mean for you?
You will be required to:
• Keep digital records of all income and expenses
• Send quarterly updates to HMRC using approved software
• Complete an End of Period Statement
• Submit a Final Declaration instead of the traditional Self Assessment return

Why prepare early?
• Avoid penalties
• Stay organised throughout the year
• Understand your tax position sooner
• Make the transition smooth and stress‑free
If you’re a sole trader or landlord, these changes will affect you — and preparation is key.
I can help you choose the right software, set everything up, and stay compliant.
📩 Message me if you want support before the new rules begin.

12/11/2025

https://www.gov.uk/government/publications/visa-regulations-revised-table/home-office-immigration-and-nationality-fees-21-october-2025

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20/10/2025

BREAKING NEWS:
A new briefing from HMRC has confirmed that the tax authority has relaunched its programme to recover tax owed by debtors directly from their bank accounts.

The Direct Recovery of Debts (DRD) programme, which was paused during the COVID-19 pandemic, has now officially restarted in a ‘test and learn’ phase.

The policy allows HMRC to recover money owed by tax debtors by requiring banks and building societies to pay directly from a debtor’s account, including funds held in cash ISAs.

The tax authority will be able to recover money where debtors owe £1,000 or more, subject to a number of safeguards.

For example, HMRC will only take action against those who have passed the timetable for appeals and have repeatedly ignored attempts to make contact.

Before debts are considered for recovery through DRD, every debtor will receive a face-to-face visit from HMRC agents to personally identify the taxpayer to confirm it is their debt and to discuss options to resolve the debt, including through Time to Pay arrangements.

The latest figures show that there is £42.8bn in tax owed to HMRC which remains unpaid - with the amount of unpaid tax significantly higher than pre-pandemic levels.

The Government recently announced £630 million of investment in HMRC’s ability to recover debt, which includes 2,400 new debt management staff. This investment is designed to enable the tax authority to collect over £11 billion more debt by the end of 2030.

https://www.gov.uk/government/publications/issue-briefing-direct-recovery-of-debts--2/issue-briefing-direct-recovery-of-debts

19/07/2025

Set up a limited company: step by step
How to set up a limited company, appoint directors and shareholders or guarantors, and register for tax
If you'll need any help, just contact FM Accounting for a super duper price offer!

18/07/2025

Side hustlers urged to get tax returns sorted now❗

HMRC is encouraging anyone with a side hustle to check if they need to complete a Self Assessment tax return for the 2024 to 2025 tax year.

17/07/2025

HMRC and AI – what could possibly go wrong?!

https://www.gov.uk/government/publications/frontier-ai-capabilities-and-risks-discussion-paper/safety-and-security-risks-of-generative-artificial-intelligence-to-2025-annex-b

11/01/2025

The Self Assessment deadline is fast approaching.

File your tax return by 31 January to avoid any penalties ⬇️

Send us a message if you need any professional help!