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Monday 8am - 4:30pm Tuesday 8am - 4:30pm Wednesday 8am - 4:30pm Thursday 8am - 4:30pm Friday 8am - 4:30pm

McColes & Co Chartered Accountants

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McColes & Co Chartered Accountants

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19/10/2026

If you’re using Making Tax Digital for Income Tax, your next quarterly update is due by 7 November 2026.

Make sure your digital records are up to date and your update is submitted by the deadline.

Need help with getting set up for MTD? Get in touch with our Baldock team for support.

12/10/2026

The Autumn Budget is scheduled for 28th October, but what announcements can small businesses expect?

Here are some of the measures and proposals to watch:

- Making Tax Digital: From April 2027, the threshold is due to fall to £30,000, bringing more businesses into quarterly digital reporting.

- Business rates: A 20% reduction for pubs and live music venues in England is scheduled for April 2027. There have also been proposals to raise the Small Business Rate Relief threshold, potentially allowing more firms to qualify. These proposals are not confirmed.

- Capital Gains Tax and business exits: Possible CGT changes are being discussed, but remain speculation. Owners considering selling or passing on a business may want to review their plans, particularly following earlier changes to reliefs for Employee Ownership Trusts.

- Business costs: Hospitality and retail businesses will be watching for targeted help with energy, payroll and other overheads.

- Tax commitments: The government has pledged not to raise Income Tax, VAT or National Insurance for “working people”.

We’ll share the confirmed measures and what they could mean for your business after the Budget. If you’re planning ahead, speak to our Baldock team.

05/10/2026

If you need to submit a tax return for 2025/26 for the first time, you must notify HMRC by today, 5 October 2026.

You may also need to reactivate your account if you’ve registered before but didn’t need to submit a return for 2024/25.

Started working for yourself, earning from a side hustle or receiving rental income? Check whether you need to register.

The deadline for submitting your online return and paying any tax due is 31 January 2027 - but registration comes first.

Unsure where you stand? Contact our Baldock team for clear, practical advice.

🌐 https://www.mccoles.co.uk

28/09/2026

Whether you sell handmade products, freelance in your spare time or earn money creating content, it’s worth keeping track of what comes in.

The key figure is £1,000 of gross trading income in a tax year. That means money received before expenses, across all your side hustles combined. If you go over it, you’ll usually need to tell HMRC. It doesn’t mean you’ll pay tax on every pound you’ve taken.

Selling a few of your own unwanted items is generally different from buying or making things to sell for a profit.

Unsure whether your extra income counts as trading, or what you need to declare? Get in touch with our Baldock team.

21/09/2026

When you’re running a business, it’s easy to leave tax planning until your Self Assessment deadline approaches.

But taking a more proactive approach could help you make better use of available allowances, claim all legitimate business expenses and avoid paying more tax than necessary.

It’s worth regularly reviewing:

• Whether you’re claiming all allowable expenses
• How and when you make pension contributions
• Your cash flow and payments on account
• Whether VAT registration would benefit your business
• Whether operating as a sole trader remains the right structure as your business grows

At McColes & Co, we take the time to understand your business and provide practical, tailored advice - not simply complete your tax return.

If you’re unsure whether you’re operating as tax efficiently as possible, get in touch with our team for a review.

14/09/2026

From 6 April 2027, most unused pension funds and pension death benefits will be included in a person’s estate for Inheritance Tax purposes.

For many families, that could mean a higher IHT bill than expected — particularly where there are significant pension savings alongside property and other assets.

The good news is that there is still time to plan.

At McColes & Co, we can help you understand how the new rules may affect your estate, review your current arrangements and consider the steps you may be able to take before the changes come into force.

If you’re unsure what the new pension rules could mean for you or your family, get in touch with our Baldock team.

07/09/2026

For small business owners, the start of autumn is a great opportunity to take a fresh look at how your business is performing and where you want it to go next.

A business healthcheck with McColes & Co can help you review your numbers, cash flow, costs, tax position and plans for the months ahead — and highlight any areas that could benefit from a little attention.

If the summer has been busy, now is a good time to regroup, refocus and make sure your business is in good shape for the rest of the year.

Local business? Local advice.

Get in touch with our Baldock team to book your business healthcheck.

01/09/2026

Running a small business comes with big decisions - and sometimes you just need the right advice to move forward with confidence.

At McColes & Co, we offer a free initial consultation for small business owners - giving you the opportunity to talk through your challenges, ask questions and explore practical solutions with our experienced professionals.

Whether you’re:
✔️ Looking to improve cash flow
✔️ Planning for growth
✔️ Dealing with financial pressures

We’re here to help - with practical, straightforward advice..

📞 Get in touch today to book your free initial consultation with our Baldock team.

24/08/2026

Starting a business is exciting, but there is a lot to think about.

From choosing the right business structure and registering with HMRC to managing cash flow, bookkeeping, payroll and tax, getting the right advice early can save time, reduce stress and help you avoid costly mistakes.

At McColes & Co, we support start-ups with practical, straightforward advice tailored to the way they want to grow.

Whether you are still shaping your idea or have already started trading, we can help you build strong financial foundations from day one.

Get in touch to arrange a free initial conversation.

17/08/2026

Struggling to keep on top of payroll?

Running a small business is demanding — but your payroll doesn't have to be. At McColes & Co, we provide fully compliant payroll support services tailored for small businesses like yours:

✅ Weekly or monthly payroll processing
✅ HMRC submissions handled for you
✅ PAYE, pensions, and holiday pay sorted
✅ Confidential, compliant, and always on time

We’ll make sure your team gets paid correctly, so you can stay focused on growing your business.

Get in touch today to find out more.

Address

1st Floor, 28 Whitehorse Street
Baldock
SG76QQ

Opening Hours

Monday	8am - 4:30pm
Tuesday	8am - 4:30pm
Wednesday	8am - 4:30pm
Thursday	8am - 4:30pm
Friday	8am - 4:30pm

Telephone

+441462547700

Website

http://www.mccoles.co.uk/

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