Naseems Accountants

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Naseems Accountants Accountants in Birmingham. We specialise in tax advice, business planning, and accountancy services

Professional Tax & Accounting Services to Businesses and Individuals in Birmingham & Throughout the United Kingdom

For a FREE consultation or for more information

Please contact us -

📞 0121 771 4161
📩 [email protected]
🌎 www.naseems.co.uk

06/10/2026

📢 UK company reporting could be changing

The government has launched a consultation proposing a major modernisation of the corporate reporting framework.

The aim is to make reporting clearer, simpler and more proportionate — particularly for smaller and medium-sized businesses.

Some of the proposals include:

🔹 Extending audit exemptions to certain medium-sized companies
🔹 Simplifying the range of accounting standards available
🔹 Tightening reporting requirements for micro-entities
🔹 Replacing complex distributable profits rules with a solvency-based approach
🔹 Simplifying corporate governance and remuneration reporting
🔹 Increasing the use of digital communications

One particularly important proposal would require companies to make a statement that a dividend will not affect the company's ability to continue as a going concern.

⚠️ These are consultation proposals, not rules that have already changed.

The consultation closes on 30 November 2026.

For company directors, staying informed now can help you prepare for potential changes to your accounts, reporting and dividend processes.

At Naseems Accountants, we support UK businesses with:

🏢 Company accounts
💷 Corporation Tax
📊 Management accounts
📋 Companies House compliance
💰 Director tax & dividend planning

📞 Book your FREE 30-minute consultation today.

30/09/2026

📅 New HMRC tool helps small businesses keep track of tax deadlines

Keeping on top of tax deadlines can be difficult when you're managing the day-to-day running of your business.

HMRC has introduced a new online tool that allows businesses to check filing and payment deadlines for:

🔹 VAT
🔹 PAYE
🔹 Self Assessment
🔹 Construction Industry Scheme (CIS)

You don't need to sign in, and the information you enter isn't sent to HMRC.

The tool can also integrate with most calendar applications, helping you keep important dates in one place.

However, every business is different, and you may have additional or more complex tax obligations to consider.

Not sure which deadlines apply to your business?

Naseems Accountants can help you understand your tax and reporting responsibilities and stay on top of your deadlines.

📞 Book your FREE 30-minute consultation today. https://www.naseems.co.uk/

21/09/2026

🚨 Directors of close companies, HMRC has clarified the Self Assessment reporting requirements.

From 2025/26 onwards, directors who are required to complete a Self Assessment tax return may need to provide additional information about close companies.

This can include:

🏢 The company's name
🔢 Registered number
💷 Dividends received
📊 Shareholding percentage

And there's an important detail many directors could overlook.

You may still need to complete the relevant boxes even if you're unpaid or have zero shares in the company.

Directors of dormant close companies may also need to complete the boxes. Where there is no dividend income or shareholding, 0 may need to be entered in the appropriate boxes.

HMRC has also clarified an exception for certain directors of registered charities and Community Interest Companies where the relevant income or distributions haven't been received or become due.

⚠️ HMRC has highlighted that a £60 penalty may apply if the close-company boxes are completed incorrectly.

If you're a director and aren't sure whether these requirements apply to you, getting the position checked before submitting your Self Assessment return could help avoid mistakes.

At Naseems Accountants, we can support you with Self Assessment, director tax planning, dividend and salary planning, and limited company accounts.

📞 Book your FREE 30-minute consultation today.

17/09/2026

💷 Retirement doesn't necessarily mean your income is tax-free.

When you retire, you could receive income from several different sources, your State Pension, workplace or private pensions, savings and investments, rental property or even self-employment.

Understanding how these income sources fit together is important because your overall taxable income determines your Income Tax position.

And remember: your State Pension is normally paid without tax being deducted, but it can still count towards your taxable income.

Depending on your circumstances, HMRC may collect any tax due through a workplace or private pension, Simple Assessment or Self Assessment.

The key is to understand your income before tax becomes a surprise.

At Naseems Accountants, we can help you understand your personal tax position and plan your affairs with greater confidence.

📞 Book your FREE 30-minute consultation today. https://www.naseems.co.uk/

15/09/2026

🚨 SMEs: cyber security isn't just an IT issue, it can become a financial issue too.

The National Cyber Security Centre is warning businesses about increasing attacks targeting Operational Technology (OT), the systems used to monitor, control and automate real-world processes.

For businesses using manufacturing, processing or other connected systems, an attack could mean more than compromised data. It could lead to operational disruption, downtime, lost revenue and unexpected recovery costs.

The NCSC recommends businesses take practical steps such as:

🔐 Identifying all internet-exposed systems
🔑 Changing default credentials
📱 Using MFA where supported
🌐 Separating OT and business networks
📊 Monitoring network activity
💾 Testing backups and recovery procedures

One point businesses shouldn't overlook: a backup isn't a recovery plan until you've tested that you can actually restore from it.

For SMEs, preparing for disruption also means understanding your cash flow, payroll commitments and ongoing financial obligations.

At Naseems Accountants, we help businesses stay financially organised with bookkeeping, payroll, management accounts, VAT, Corporation Tax and business support.

📞 Book your FREE 30-minute consultation today.
https://www.naseems.co.uk/

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11/09/2026

🤖 £100 million AI opportunity for UK businesses

The Government has launched the first procurement competitions under its new £100 million Sovereign AI R&D Procurement Scheme.

The programme is designed to help innovative British AI companies develop solutions to major challenges while working directly with government departments.

The first four challenges focus on:

🏥 NHS productivity
💻 AI compute efficiency
🛡️ Defence AI integration
🔐 AI agent security and resilience

One particularly important feature for participating businesses is that successful companies will retain the intellectual property they create.

This means innovations developed through the programme could potentially move beyond the initial government project and become commercial products for customers in the UK and around the world.

🚀 For growing technology businesses, opportunities like this can bring new financial considerations — from managing cash flow and Corporation Tax to planning for investment and expansion.

At Naseems Accountants, we support businesses with bookkeeping, management accounts, Corporation Tax, tax planning and business advisory services.

Building an innovative business? Make sure your finances are ready to support the next stage of growth.

👉 Book your FREE 30-minute consultation with Naseems Accountants today.

09/09/2026

⚡ Small businesses: the way you manage your energy costs could be changing.

The UK Government has announced plans to accelerate the rollout of smart meters across around 3 million smaller businesses and public sector sites across Great Britain.

Smart meters can provide real-time information about energy consumption, helping businesses better understand their usage and make more informed decisions about tariffs and operational efficiency.

But there’s an important change to watch.

📅 From September 2027, new fixed-term energy contracts for designated premises will need to include a smart meter installation clause.

Suppliers will also have to follow a legally binding consumer protection code designed to provide greater transparency and flexibility.

The Government expects smart meter uptake to reach 88% of non-domestic sites by 2030, with potential annual bill savings of up to £29 million.

💡 For small businesses, changing energy costs are another reason to keep a close eye on your cash flow and overall finances.

At Naseems Accountants, we help businesses stay financially organised with bookkeeping, management accounts, cash-flow planning, tax planning and business advisory support.

👉 Want a clearer picture of your business finances?

📞 Book your FREE 30-minute consultation with Naseems Accountants today.

08/09/2026

🚨 Limited company directors: Companies House is changing how you access its services.

There are two important updates to be aware of:

🔐 GOV.UK One Login

New users must now use GOV.UK One Login to access Companies House services for finding and updating company information.

If your business currently has several people sharing one Companies House account, you should prepare for the change. Each GOV.UK One Login must belong to one individual, so team members who need access should have their own account and login.

📅 New strike-off objection process

From 1 December 2026, objections to a limited company being struck off must be submitted through Companies House' ‘Make an objection’ online service.

Email objections will no longer be accepted.

💡 For limited companies, staying on top of Companies House requirements is essential.

At Naseems Accountants, we can support you with Annual Accounts, Confirmation Statements, Corporation Tax, bookkeeping and wider limited company compliance.

Don't wait until a filing or compliance issue becomes a problem.

👉 Book your FREE 30-minute consultation with Naseems Accountants today.

03/09/2026

🚨 Employers: mandatory payrolling of Benefits in Kind is coming.

From 6 April 2027, Phase 1 of mandatory payrolling will apply to:

🚗 Company cars
⛽ Car fuel
🚐 Vans
⛽ Van fuel
🏥 Medical benefits

The key change?

Tax on these benefits will be collected through payroll in real time, rather than being dealt with later through the employee's tax code.

This means employers need to make sure their payroll software, processes and employee records are ready.

But payroll isn't the only consideration.

Employees should also be told about the changes. Some may see changes to their tax code or take-home pay, and some could temporarily have tax relating to previous and current benefits being collected at the same time.

Clear communication can prevent unnecessary confusion.

At Naseems Accountants, we provide professional payroll support to help employers manage changing requirements, including payroll processing, Benefits in Kind, auto enrolment and payroll compliance.

📞 Is your payroll ready for April 2027? Book your FREE 30-minute consultation today.

🌐 www.naseems.co.uk

02/09/2026

🚨 HMRC could automatically sign you up for Making Tax Digital.

From September 2026, HMRC will begin automatically signing up taxpayers who are required to use MTD for Income Tax for 2026/27 but haven't registered themselves.

HMRC says this will include taxpayers whose records show qualifying income of more than £50,000 in the 2024/25 tax year.

If you're automatically signed up, HMRC will contact you and ask you to complete a checking step to verify the information they hold about your business and property income.

⚠️ There's an important point to remember: HMRC's information is based on historical data, so it may not always reflect your current situation. For example, it could include a business that has already ceased trading.

Once you're signed up, you'll need compatible software, digital records and quarterly updates. Any overdue updates will need to be brought up to date.

At Naseems Accountants, we can help you understand whether MTD applies to you, check your position, set up digital bookkeeping, manage quarterly updates and keep your Self Assessment obligations on track.

Don't wait for HMRC to sign you up.

📞 Book your FREE 30-minute consultation today.

🌐 www.naseems.co.uk

Address

104 Stoney Lane, Sparkbrook
Birmingham
B128AF

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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