Letts Accounting & Taxation Solutions

14/05/2026

If you need to submit a 2025-26 tax return, you don't have to wait until January to complete and submit it. You can do this now, at a time that suits you.

Why submit now?:
1. You could get any tax refunds sooner if you're due one.
2. You will be able to budget for how much tax needs to be paid by 31 January if applicable.
3. Avoid the hectic January rush.
4. You have proof of income to help with any mortgage, loan or benefit applications.

Please feel free to contact me if you need any assistance with your 2025/26 tax return.

17/04/2026

Statutory Sick Pay Changed From 6 April 2026.

Statutory Sick Pay is now payable from the first full day of sickness absence and is available to more employees. This change was introduced on 6 April 2026.

Statutory Sick Pay is available to all eligible employees regardless of their earnings (the Lower Earnings Limit has been removed).

Statutory Sick Pay is payable from the first full day of sickness absence (the three-day waiting period has been removed).

The rate of Statutory Sick Pay for all employees is calculated at 80% of their average weekly earnings or the flat weekly rate, whichever is lower.

13/04/2026

Making Tax Digital (MTD) for income tax is now live. This means that sole traders and property owners with turnover in excess of £50,000 on their 2024/25 tax returns are required to make quarterly returns to HMRC.
This is something that shouldn't be ignored.
If you have any questions, please feel free to contact me.

Call now to connect with business.

13/04/2026

Relevant life insurance offers a practical solution for structuring personal life cover. Premiums are typically allowable for corporation tax, are not treated as a benefit in kind and do not usually attract employer or employee National Insurance.
For people already paying for life insurance personally, this can represent a significantly more efficient way of funding the same level of cover.

Call now to connect with business.

31/03/2026

🚨One week to go until Making Tax Digital!🚨

From 6 April, Making Tax Digital applies if your combined turnover from property and self-employment is over £50,000.

Don’t leave it to the last minute - sign up now and get set up with recognised software. ⬇️

https://makingtaxdigital.campaign.gov.uk/?&utm_source=f.co_hmrcgovuk&utm_medium=social&utm_campaign=mtd

30/03/2026

For many company directors, how you choose to take income can make a meaningful difference to your overall financial position.

Balancing salary, dividends and pension contributions is often part of building a tax-efficient strategy, but the right mix will vary depending on individual circumstances and long-term goals.

With the end of the tax year approaching, it can be a good time to review whether your current approach is still working effectively for you and your business.

Sometimes small adjustments can have a positive impact over time.

27/03/2026

We are excited to launch our new and improved website.
Please feel free to contact me for all your accountancy and taxation needs.

Accounting and Taxation

17/03/2026

On Friday 13 March, Companies House suspended its WebFiling service after a critical security vulnerability was identified in its systems. The flaw — introduced during a WebFiling system update in October 2025 — allowed any logged-in user to access the private dashboard of any other company registered at Companies House, without needing that company’s authentication code.

The service was suspended at 1.30pm on Friday 13th March. The service was independently tested and restored at 9am on Monday 16 March.

Any company registered at Companies House may have had the following information exposed to unauthorised access:

1. Director names, residential addresses, email addresses, and full dates of birth (normally hidden from public view)
2. Company registered address and contact details
3. The ability to change company details, appoint or remove directors, or upload fraudulent accounts

What you should do now?
1. Check your company’s Companies House record - Log in to WebFiling (now restored) and review your registered details, director information, and filing history. Look for any changes you didn’t authorise, particularly from October 2025 onwards.
2. Look out for Companies House communications - Companies House has confirmed it will email every registered company. Advise clients to watch for this official message and not to dismiss it as spam.
3. Report anything suspicious - If you identify unauthorised changes, raise a formal complaint with Companies House immediately, including screenshots and dates as evidence.

If you have any questions, please feel free to reach out to me.