PnL Accountants and Advisors Ltd

08/04/2026

🚨 New Tax Year, New Rules – Are You Ready? 🚨

The new tax year has officially started (from 6 April), and HM Revenue & Customs has introduced some important updates that could impact you or your business 👇

💻 Making Tax Digital (MTD) is here
If you’re a sole trader or landlord earning over £50,000, you now need to keep digital records and submit quarterly updates using HMRC-approved software.

📈 Dividend tax increase
Dividend tax rates have risen by 2%
• Basic rate: now 10.75%
• Higher rate: now 35.75%

With the allowance still only £500, it’s time to review profit extraction strategies.

💸 Capital Gains Tax changes
Business Asset Disposal Relief and Investors’ Relief rates have increased to 18%.

📊 Frozen income tax thresholds
Personal allowance remains at £12,570, meaning more people may pay higher tax due to rising incomes (fiscal drag).

🏠 End of working from home tax relief
Employees can no longer claim this relief moving forward.

⚠️ Other key changes to note:
• Changes to inheritance tax relief thresholds for businesses & farms
• Updates to tax codes (some reliefs removed automatically)
• Ongoing shift toward a fully digital tax system

👉 What does this mean for you?
Now is the time to review your tax position, plan ahead, and ensure you stay compliant.

📩 Need help navigating the changes? Get in touch – we’ve got you covered.

26/03/2026

📢 Reminder: Making Tax Digital for Income Tax is coming!

From April 2026, Making Tax Digital (MTD) for Income Tax will begin to roll out, changing the way many individuals and landlords report their income to HMRC.

If you’re:
✔️ Self-employed
✔️ A landlord
✔️ Earning over £50,000 (threshold reduces to £30,000 from April 2027)

You’ll need to:
🔹 Keep digital records
🔹 Submit quarterly updates to HMRC
🔹 Use MTD-compatible software

⏳ It might seem like a big change, but getting set up early will make the transition smooth and stress-free.

💡 Need help preparing or choosing the right software? Get in touch — we’re here to make it simple.

22/02/2026

Thinking about going limited? Especially with dividend tax changes coming in April 2026, here’s what it really means for your money.

When you’re a sole trader, everything you earn is your income. But once you set up as a limited company, you and your business become two separate entities and that changes how you pay yourself.

One of the biggest differences?

You can start taking dividends.

Dividends are payments made from your post-tax profits a reward for being a shareholder in your own company.

Most directors pay themselves a mix of salary and dividends because it’s usually more tax-efficient than salary alone.

But before you do:
💎 Your company must be making a profit
💎 You need to set aside Corporation Tax
💎 You have to document the dividends properly, even if you’re the only director

Dividend tax rates from April 2026:
💎 £500 tax-free dividend allowance
💎 No National Insurance on dividends
💎 Taxed at lower rates than income tax:

Basic rate (total income up to £50,270):
👉 2025/26 – 8.75%
👉 From April 2026 – 10.75%

Higher rate (£50,271 to £125,140 total income):
👉 2025/26 – 33.75%
👉 From April 2026 – 35.75%

Additional rate (over £125,140 total income):
👉 2025/26 – 39.35%
👉 From April 2026 – 39.35% (no change)

If you’re already thinking about going limited or just want to understand how to take money out tax-efficiently it’s worth getting clear on your options early.

A bit of planning now can save you money (and stress) later on. #

19/02/2026

📊 West Sussex Business Owners — Need an Accountant Who Speaks Your Language?

Whether you're self-employed, running a growing business, or just want your tax handled properly, we’re here to make accounting simple and stress-free.

✅ Friendly, local support
✅ Clear pricing — no surprises
✅ Help with tax returns, bookkeeping & business advice

We love supporting businesses in our community and helping them thrive.

📩 Send us a message today to arrange a free consultation.

09/02/2026

Tax, Accounts. Peace of mind.
At PNL Accountants & Advisors we take the stress out of your finances so you can focus on what matters most — growing your business and enjoying life.

✔️ Self Assessments
✔️ Limited Company Accounts
✔️ VAT Returns
✔️ Payroll & Bookkeeping
✔️ Business & Tax Advice

Whether you’re a startup, contractor, landlord or established business, we offer clear advice, proactive support and no jargon.

📍 UK-based
📞 Friendly, responsive service
📊 Straight-talking accountants who actually care

👉 Message us today for a free initial chat and see how we can support you.

05/01/2026

🚨 Final call for Self Assessment 🚨

The 31 January deadline is nearly here.

✔️ File your tax return
✔️ Pay any tax due
❌ Avoid late filing penalties

Message us if you need assistance.

23/12/2025

🎄 Merry Christmas & Happy New Year 🎉

As the year comes to a close, we’d like to thank all our clients for your continued trust and support throughout the year. It’s been a pleasure working with you, and we truly appreciate the opportunity to be part of your journey.

We wish you and your loved ones a very Merry Christmas, a relaxing festive break, and a happy, healthy, and successful New Year.

We look forward to working with you again in the year ahead. ✨

Warm wishes,
The PNL Accountants & Advisors Team

28/11/2025

🇬🇧 UK Budget 2025 – Quick Breakdown

The Chancellor has announced the new UK Budget, and here’s what it means for you 👇

🔥 Taxes Going Up
• Income Tax & NI thresholds frozen (more people paying more tax)
• Higher taxes on dividends, savings & property
• New “mansion tax” on homes over £2m
• Extra levies on EVs, gambling & pensions

💸 Support for Households
• Two-child benefit cap scrapped
• Minimum wage rising
• State pension increased
• NHS prescriptions & rail fares frozen

🏡 Public Spending Boosts
• More investment in the NHS, housing & infrastructure
• Borrowing expected to fall slightly, but remains high

💼 What This Means for You
✔ Higher tax bills for many
✔ Some relief for families & lower-income households
✔ Business owners & investors should review tax plans now

UKFinance TaxUpdate SmallBusinessUK AccountantLife UKEconomy MoneyMatters UKEconomy TaxPlanning BusinessOwnersUK FinanceTips SelfEmployedUK HMRC

27/10/2025

27/10/2025

If you receive qualifying income from self-employment and/or property, you’ll be legally required to use Making Tax Digital (MTD) for Income Tax – based on the level of qualifying income – from the following dates:

• April 2026, if your qualifying income is over £50,000 in the 2024 to 2025 tax year
• April 2027, if your qualifying income is over £30,000 in the 2025 to 2026 tax year
• April 2028, if your qualifying income is over £20,000 in the 2026 to 2027 tax year (the government has set out plans to introduce legislation to lower the qualifying income threshold to this level)

Get ready for Making Tax Digital – landlords and joint property owners

24/10/2025

💼 Need an accountant who actually makes life easier?

At PNL Accountants & Advisors, we take the stress out of bookkeeping, tax returns, and payroll so you can focus on running your business (or just enjoying your weekend 😎).

We help small businesses and self-employed owners with:
📘 Year-end accounts
💰 Tax returns & self assessments
🧾 Payroll & bookkeeping
☁️ Xero setup & support

We keep things simple, clear, and affordable — no jargon, no stress, just solid accounting that helps you stay on top of your numbers.

📩 Message us today for a free chat or visit: www.pnlaccountants.co.uk

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