Frame Kennedy Accountants

03/06/2026

📢 QuickBooks Self-Employed is being retired
Say hello to QuickBooks Sole Trader Plus – the new solution designed to help sole traders and landlords stay on top of their finances and get ready for Making Tax Digital (MTD) for Income Tax.
✅ Track income and expenses
✅ Create invoices and estimates
✅ Capture receipts on the go
✅ Log mileage automatically
✅ Connect your bank accounts
✅ MTD-ready for upcoming HMRC requirements
If you're currently using QuickBooks Self-Employed, your historical data can be migrated to the new platform, helping you make a smooth transition.
Need advice on whether Sole Trader Plus is right for your business? Get in touch – we're happy to help.

01/06/2026

Monday Money Tip 💡
If you work from home as a sole trader, HMRC lets you use a flat rate to claim household costs without having to work out exact bills. It's called the simplified expenses method — £10 a month if you work from home 25–50 hours, rising to £26 for over 100 hours.
Simple, no receipts needed, and easy to claim on your Self Assessment.

25/05/2026

Monday Money Tip 💡

Did you know that if your self-employed income is £1,000 or less in a tax year, you don't need to report it to HMRC at all? This is called the Trading Allowance.

It's especially useful if you do occasional freelance or casual work on the side — selling crafts, a bit of tutoring, odd jobs. Under £1,000 and you're in the clear.

If you earn more than that, you'll need to register as self-employed and complete a Self Assessment return — but the good news is, we can take care of all of that for you.

25/05/2026

Following on from this earlier post, HMRC announced last week that the approved mileage rate has been increased to 55p per mile for the first 10,000 business miles. This can be backdated to 6 April 2026 but no change to the 25p rate for 10,001 miles and over. A little bit of good news for motorists 🚗🚕🚙

18/05/2026

Monday Money Tip 💡

Your limited company is its own legal entity — so it needs its own business bank account.

Mixing personal and business spending creates messy books, headaches at year end, and potential questions from HMRC. A dedicated business account keeps everything clean, clear, and easy to manage.

One of the simplest habits you can build — and one of the most valuable.

18/05/2026

A few words from one of our director’s Vicki Miller in today’s The Press and Journal. Thank you to Federation of Small Businesses - FSB for all your help.

Vicki Miller realised it was time to stop holding herself back and take chances. Read more: https://ebx.sh/z0eTfl

15/05/2026

Congratulations to Carolyn our payroll manager for her amazing performance at Strictly Inverness last night. Well done to all the team Thursday dancers and Highland Hospice inverness.ice.centre for a great night- hopefully lots of money raised 🎉

12/05/2026

Best of luck to Carolyn our Payroll Manager who is taking part in Strictly Inverness this Thursday.

11/05/2026

Monday Money Tip 💡

Do you use your own car for work? If so, you can claim back 45p per mile for the first 10,000 business miles you drive each year — and 25p per mile after that.

This is called the HMRC Approved Mileage Rate, and it's available to sole traders who use their personal vehicle for business journeys (not commuting to a regular workplace).

The key is keeping a record — even a simple note in your phone of date, destination, and miles will do. Those small amounts add up quickly over a year.