MHC & CO

MHC & CO Chartered Accountants

Are you claiming these 10 expenses? 🧾Many freelancers miss out on hundreds (sometimes thousands) in tax savings.Swipe th...
29/06/2026

Are you claiming these 10 expenses? 🧾
Many freelancers miss out on hundreds (sometimes thousands) in tax savings.
Swipe through the carousel – and tag a self-employed friend.

Construction businesses – listen up 🛠️Reverse Charge VAT means your customer pays VAT directly to HMRC, not you.Wrong in...
26/06/2026

Construction businesses – listen up 🛠️
Reverse Charge VAT means your customer pays VAT directly to HMRC, not you.
Wrong invoicing = penalties.
Swipe for examples.

📧 Another ‘HMRC refund’ email landed in my client’s inbox today.Real HMRC never sends refund links by email.If you’re un...
24/06/2026

📧 Another ‘HMRC refund’ email landed in my client’s inbox today.
Real HMRC never sends refund links by email.
If you’re unsure – log into your Government Gateway directly (not via email link).

🚨 SCAM ALERT 🚨One of our clients nearly lost £2k to an ‘HMRC’ call last week.HMRC will NEVER:❌ Call to demand immediate ...
22/06/2026

🚨 SCAM ALERT 🚨
One of our clients nearly lost £2k to an ‘HMRC’ call last week.
HMRC will NEVER:
❌ Call to demand immediate payment
❌ Threaten arrest
❌ Ask for gift cards
Hang up. Report. Stay safe.

Ever got confused reporting dividends on your Self Assessment? 🧾You’re not alone.The split across tax years happens when...
19/06/2026

Ever got confused reporting dividends on your Self Assessment? 🧾
You’re not alone.
The split across tax years happens when declaration date crosses 5 April.
Swipe for examples.

Received a COVID recovery grant? Energy grant? R&D grant? 👏But wait – how you record it matters for tax and accuracy.We ...
17/06/2026

Received a COVID recovery grant? Energy grant? R&D grant? 👏
But wait – how you record it matters for tax and accuracy.
We made a simple 3-step guide. No jargon.

Did you know? 💰You can reclaim VAT on purchases made BEFORE you registered for VAT.Goods: up to 4 monthsServices: up to ...
15/06/2026

Did you know? 💰
You can reclaim VAT on purchases made BEFORE you registered for VAT.
Goods: up to 4 months
Services: up to 6 months
Share this with a fellow startup owner – they’ll thank you later.

Ever wondered why your accountant gives you two different reports? 🤔Statutory accounts are for HMRC. Management accounts...
15/06/2026

Ever wondered why your accountant gives you two different reports? 🤔
Statutory accounts are for HMRC. Management accounts are for YOU – to grow your business.
Swipe through for 7 differences (quick & simple).
Tag a business owner who needs this 👇

Why are more sole traders moving to MTD software?With Making Tax Digital coming in for Income Tax, a lot of sole traders...
17/04/2026

Why are more sole traders moving to MTD software?
With Making Tax Digital coming in for Income Tax, a lot of sole traders are starting to rethink how they manage their records. For some, it’s just about staying compliant. For others, it’s also about making day-to-day bookkeeping a bit easier.
Instead of keeping everything on paper or spreadsheets, MTD requires records to be kept digitally and submitted to HMRC on a regular basis. That’s where the right software makes a real difference.
Most sole traders we speak to prefer using tools like Xero, Sage or QuickBooks. Once things are set up, tasks like tracking income, recording expenses and preparing updates become much more straightforward.
There are a few practical benefits that come with using MTD software:
✔ You can see your financial position more clearly throughout the year
✔ There’s less chance of errors or missed entries
✔ A lot of the routine bookkeeping can be automated
✔ It saves time when it comes to reporting to HMRC
✔ You get a better overall view of how your business is performing
With the upcoming thresholds (from April 2026 and 2027), it’s something many sole traders will need to deal with sooner rather than later.
If you’re not sure which software is right for you, or how to get started, it’s usually easier to sort it out early rather than rushing closer to the deadline.
At MHC & Co Chartered Accountants, we work with sole traders across the UK and help them get everything set up properly, so they can focus on running their business without worrying about compliance.
📞 +44 333 789 1010
📧 [email protected]
🌐 www.mhcandco.co.uk
📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom

Are you an electrician? Here’s something worth keeping in mind.From April 2026, Making Tax Digital for Income Tax starts...
16/04/2026

Are you an electrician? Here’s something worth keeping in mind.

From April 2026, Making Tax Digital for Income Tax starts coming into play. If your business income goes over £50,000, you’ll likely need to keep digital records and send updates to HMRC every quarter.

A lot of electricians we speak to are still using paper notes or keeping receipts in folders. That’s been fine up to now, but things are slowly changing.

Work like call-outs, installations, testing, or maintenance jobs all count towards your income. On the other side, everyday costs like tools, parts, fuel, insurance — it all needs to be tracked properly as well.

Moving to digital doesn’t have to be complicated. Once everything is set up, most people find it actually makes things easier to manage day-to-day.

If you’re not sure where to start, it’s better to get things sorted early rather than rushing closer to the deadline.

At MHC & Co Chartered Accountants, we work with electricians across the UK to help them get ready for MTD — from software setup to ongoing support.

📞 +44 333 789 1010
📧 [email protected]

🌐 www.mhcandco.co.uk

📍 54 Gloucester Road North, Bristol BS7 0SJ, United Kingdom

Address

Bristol
BS70SJ

Opening Hours

Monday 10am - 5pm
Tuesday 10am - 5pm
Wednesday 10am - 5pm
Thursday 10am - 5pm
Friday 10am - 5pm

Website

Alerts

Be the first to know and let us send you an email when MHC & CO posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to MHC & CO:

Shortcuts

Share

Category