Partridge Accountancy Services

13/08/2026

https://www.partridgeaccountancy.co.uk/submitting-receipts-to-your-accountant-via-xero

Detailed instructions on how to upload a receipt or invoice to the xero Accounting phone app or Xero Accounting computer software

04/08/2026

https://www.partridgeaccountancy.co.uk/what-advantage-is-there-in-having-a-management-account

Management accounts give you a much clearer and more up-to-date picture of how your business is performing throughout the year. They help you understand what is working, identify problems early and make better decisions based on real financial information.

31/07/2026

https://www.partridgeaccountancy.co.uk/self-employed-sole-trader-or-limited-company

There is no single answer that works for everyone. The right choice will depend on your profits, the risks involved in your work, how you intend to take money from the business and your plans for the future.

28/07/2026

We have now incorperated a Blog into our website www.partridgeaccountancy.co.uk which we will update with regular articles as we write / discover them. Please follow our Facebbok page / Visit our website for regular articles.

Please feel free to share this post with anyone you think may find it useful.

https://www.partridgeaccountancy.co.uk/what-is-mtd-and-is-this-something-that-concerns-me

Limited companies, partnerships and individuals whose only income is from employment or pensions are not currently included in the first phase.

28/07/2026

ARE YOU MTD READY?

If you earn £50k or over per year and are a sole trader or self employed it’s possible you do.

Don’t panic!

Give us a call and we will be able to let you know after a quick chat!

So get in touch and reclaim your Chi. 🧘🏼‍♂️

www.partridgeaccountancy.co.uk

28/07/2026

Making Tax Digital for Income Tax – first quarterly submission!

If you’re a sole trader or landlord with a qualifying income of £50,000 or more, you may now be required to submit quarterly updates to HMRC under Making Tax Digital (MTD) for Income Tax.

The first quarterly submission deadline is 7 August.

If you’re unsure whether MTD applies to you, or you’re not yet using compatible software such as Xero, now is the time to act.

23/07/2026

Well, well. Its official; We are now a Xero gold partner.

Nice.

23/07/2026

Making Tax Digital for Income Tax has begun.

Making Tax Digital for Income Tax became compulsory from 6 April 2026 for sole traders and landlords whose combined qualifying income from self-employment and property was more than £50,000 during the 2024/25 tax year.

The £50,000 threshold is based on gross income before expenses, rather than taxable profit.
Those affected must:
• maintain digital accounting records;
• use MTD-compatible software; and
• send quarterly updates to HMRC.

The deadline for the first quarterly update is 7 August 2026, followed by further deadlines on 7 November 2026, 7 February 2027 and 7 May 2027.

HMRC has confirmed that it will not apply penalty points for late quarterly updates during the first year of MTD. However, penalties can still apply where a tax return or tax payment is late.

Even where HMRC has not written to you, it remains your responsibility to establish whether MTD applies. Please contact us if your combined self-employment and property income exceeded £50,000 and you have not yet made arrangements.

15/06/2026

😱 Have a great week ahead everyone.

12/06/2026

Annnnd relax! Have a great weekend! 😎