WBV Chartered Accountants

28/10/2026

HMRC has started automatically signing up eligible self-employed people and landlords for Making Tax Digital for Income Tax if they haven't already registered.

If your qualifying income was over £50,000 in the 2024/25 tax year, you may already need to use MTD. This means keeping digital records and submitting quarterly updates to HMRC using compatible software.

So, what happens if HMRC signs you up? What software do you need, and how can you make the transition easier?

Simply Business has published a helpful guide covering what the changes mean, choosing suitable software and getting your records in order.

📖 Read the full article:

https://www.simplybusiness.co.uk/knowledge/business-news/hmrc-auto-enrolling-making-tax-digital/

Not sure how Making Tax Digital affects you or your business? The team at WBV Accountants can help you understand and prepare for the changes. Get in touch with us to discuss your circumstances.

As of September 2026, HMRC are automatically enrolling eligible business owners and landlords to Making Tax Digital.

27/10/2026

October is Breast Cancer Awareness Month, and on Friday 23 October, the team at WBV took part in Wear It Pink Day, helping to support the work of Breast Cancer Now.

The campaign raises money for life-saving breast cancer research and support for people affected by the disease.

There are lots of ways to get involved, whether it's wearing pink, making a donation, organising a fundraising event or simply sharing information to help raise awareness.

Find out more about how you can get involved: https://breastcancernow.org/wear-it-pink

21/10/2026

It was lovely for Sophie, Emily and Ellie to join the team at Redkite Solicitors for a coffee morning.

As well as catching up and putting faces to names after plenty of emails, it was a valuable opportunity to share knowledge, discuss upcoming tax changes and explore how we can continue to support one another and our clients.

Thank you to RedKite Solicitors for hosting us, breakfast was delicious!. We look forward to continuing to work together.

15/10/2026

Making Tax Digital: Will You Be Affected From April 2027?

If you're a sole trader or landlord with qualifying income over £30,000, Making Tax Digital for Income Tax is likely to affect you from April 2027.

The new rules will change how you keep records and report your income to HMRC.

What do you need to know?

👉 Digital records: You'll need to keep your income and expense records digitally.
👉 Compatible software: You'll need software that meets HMRC's Making Tax Digital requirements.
👉 Quarterly updates: You'll need to send updates of your income and expenses to HMRC throughout the tax year.

With April 2027 approaching, now is the time to check whether the changes apply to you and make sure you're prepared.

Not sure what this means for you? WBV Accountants can help you understand the requirements and plan your next steps.

📩 Get in touch with our team to find out more.

13/10/2026

Self Assessment: don't leave it until January!

January might seem a long way off, but now is a good time to start getting your tax return information together.

If you need to submit a Self Assessment tax return for the 2025/26 tax year, a little preparation now can help you avoid the last-minute rush.

Here are three things you can do now:
☑️Gather your paperwork: Bring together details of your income, expenses and any other relevant financial records.
☑️Check your deadlines: The deadline for paper tax returns is 31 October 2026. For online returns, it's 31 January 2027.
☑️ Get advice if you need it: If you're unsure what you need to declare or which expenses you can claim, getting advice early can help.

Leaving everything until the last minute can add unnecessary pressure. Getting organised now gives you more time to deal with any questions before the deadline.

Need help with your Self Assessment tax return? Get in touch with WBV Accountants to discuss how we can help.

09/10/2026

Do you know when your business starts making a profit?

It’s not necessarily as simple as looking at your sales.

Your break-even point tells you how much you need to sell to cover all of your business costs.

Once you know that number, you have a much clearer idea of what you need to achieve before you start generating a profit.

It can also help when reviewing your prices, costs and future plans.

We've put together a simple guide to understanding your break-even point - https://wbvaccountants.co.uk/do-you-know-your-break-even-point/

Take a look and see if you know yours.

Do you know your break-even point? Knowing your break-even point can give you a much clearer idea of what your business needs to achieve.

06/10/2026

Making Tax Digital for sole traders and landlords earning £50K plus.

Your second quarterly update deadline is approaching... 7 November 2026.

Make sure your digital records for income and expenses are up to date, and that your MTD software is ready. And as ever, quarterly updates don't replace your self-assessment tax return, you'll still need to complete that after the tax year ends.

If you're unsure whether this applies to you, WBV can help make sense of it.

30/09/2026

✅ You’re busy.
✅ Your sales are up.
✅ Your diary is full.

But are you actually making enough money?

It’s easy to focus on turnover and the number of customers you have, but your prices need to cover your costs and leave enough profit to make the business worthwhile.

When did you last review yours?

We've put together some things to consider in our latest blog - https://wbvaccountants.co.uk/are-you-charging-enough/

Are you charging enough and generating enough profit? Here are some simple ways to review your pricing and understand your margins.

28/09/2026

Do you know your numbers?

You don't need to be an accountant, but there are five figures every business owner should keep an eye on:

📊 Turnover
💷 Gross profit
📈 Net profit
🏦 Cash
🧾 Tax

They each tell you something different and knowing what they mean can help you make better decisions for your business.

28/09/2026

Do you know your numbers?

You don't need to be an accountant, but there are five figures every business owner should keep an eye on:

📊 Turnover
💷 Gross profit
📈 Net profit
🏦 Cash
🧾 Tax

They each tell you something different — and knowing what they mean can help you make better decisions for your business.

Swipe through our quick guide.