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We are a hard working team dedicated to protecting and galvanising your business. Your targets are o

01/09/2026

The Autumn Budget is confirmed for 28 October 2026.

It will be Chancellor John Healey's first Budget, and for business owners it is one of the most important dates in the financial calendar. Announcements made on Budget Day can affect corporation tax, business rates, employment costs, investment reliefs and more.

No specific tax changes have been confirmed yet. But that is precisely why now is a useful time to review where your business stands.

If your tax planning, salary and dividend structure, or investment decisions are based on the rules as they stood a year ago, a pre-Budget review makes sense. Not to predict what will be announced, but to make sure your current position is as strong as it can be before anything changes.

The businesses that tend to navigate Budget changes best are those that go in with clear numbers and an up to date plan, rather than scrambling to react after the fact.

25/08/2026

If you run your business through a limited company and pay yourself in dividends, this tax year brings a change worth understanding.

The dividend tax rate has increased by two per cent from April 2026. That applies to both basic and higher rate taxpayers.

Combined with the dividend allowance being reduced to £500 in recent years, the amount of dividend income you can take before paying tax is now significantly lower than it was a few years ago.

For a director taking a modest salary topped up with dividends, this shift affects your take-home pay in a way that is easy to overlook if you are not actively reviewing your structure.

It does not mean dividends are no longer the right approach. For most owner-managed businesses they still are. But the calculation has changed, and the numbers need revisiting.

If you have not had a conversation with your accountant about how this affects your personal tax position for 2026 to 2027, it is worth having before the year moves on any further.""
This is one of the most common points of confusion we see with growing businesses, and it catches people out at the worst moments.

You can be profitable on paper and still run out of money. Here is how it happens.

You invoice a client in June and they pay in September. Your accounts show the income but your bank account has not seen it yet.

You invest in stock or equipment. Your profit and loss does not show it as a cost but your cash balance drops immediately.

You have a strong quarter, a large tax bill arrives, and suddenly the numbers stop adding up.

Profitable businesses do occasionally fail because of cash flow problems. It is not common but it happens, and it is entirely avoidable with the right visibility.

Knowing the difference between what you have earned and what you actually have available changes how you run your business.

17/08/2026

The first MTD quarterly deadline has just passed.

If you are a sole trader or landlord earning over £50,000 and you submitted your Q1 update on time, well done. That is the hardest one done because it was the first.

If you missed it or are still not sure whether you were in scope, here is what you need to know.

HMRC has confirmed it will not issue penalty points for late quarterly updates during the 2026 to 2027 tax year. So missing the 7 August deadline will not result in an automatic fine this year. But the obligation is still there, and the next deadline is 7 November 2026.

More importantly, the penalty grace period ends in April 2027. From that point, late submissions will carry real consequences.

The time to get organised is now, while HMRC is still in its softer enforcement phase. Choosing software, setting up bank feeds and understanding what a quarterly update actually requires takes more time than most people expect.

05/08/2026

There is a version of running a business where the numbers are always clear.

Where you know your margin before you price a job. Where you can see three months ahead on cash flow. Where the conversation with your accountant is not a yearly debrief but an ongoing part of how you make decisions.

That kind of visibility is not reserved for large companies with finance teams. It is what a good advisory relationship looks like for an SME.

Most business owners we speak to have never had that. Not because it was not possible, but because nobody offered it.

The businesses that grow consistently tend to have one thing in common. Financial clarity. Not luck, not just hard work. Clarity.

If you have never had a conversation about what that could look like for your business, we are happy to start one. Message us or visit solid.accountants.

28/07/2026

MTD for Income Tax is live, and one of the questions we hear most often is whether digital record keeping means everything has to be done through an app.

The short answer is yes, but it is far less complicated than most people expect.

HMRC now requires records to be kept in a compatible digital format and quarterly updates to be submitted through approved software. A spreadsheet sent to your accountant once a year no longer meets the standard.

The software options available, including Xero, QuickBooks, FreeAgent, Sage and KashFlow, are built for people who are not accountants. Most have mobile apps and many connect directly to your bank account to pull in transactions automatically.

The bigger shift is not the technology. It is the habit.

Quarterly submissions mean keeping on top of your records throughout the year rather than catching up at year end. For most people who make the switch, that turns out to be a better way to run things.

21/07/2026

Profit and cash flow are not the same thing.

This is one of the most common points of confusion we see with growing businesses, and it catches people out at the worst moments.

You can be profitable on paper and still run out of money. Here is how it happens.

You invoice a client in June and they pay in September. Your accounts show the income but your bank account has not seen it yet.

You invest in stock or equipment. Your profit and loss does not show it as a cost but your cash balance drops immediately.

You have a strong quarter, a large tax bill arrives, and suddenly the numbers stop adding up.

Profitable businesses do occasionally fail because of cash flow problems. It is not common but it happens, and it is entirely avoidable with the right visibility.

Knowing the difference between what you have earned and what you actually have available changes how you run your business.

15/07/2026

Most people think VAT registration means paying more.

For PCO and private hire drivers, the reality is quite different.

Under UK VAT rules, Uber and similar platforms are classed as the supplier of the electronic service.

That means the VAT liability sits with the platform, not the driver.

Here is what that can mean in practice:

You may be able to register for VAT and reclaim it on genuine business costs.

Fuel, vehicle maintenance, equipment and EV charging are all areas where VAT reclaims can add up over the course of a year.

This is a legitimate tax position that thousands of drivers across the UK are entitled to.

Most are simply not aware it exists.

Whether it applies to your specific setup depends on how you work and which platform you drive for.

It is worth understanding before you assume it does not apply to you.

30/06/2026

We started Solid Accountants because we kept seeing the same thing.

Business owners who were working incredibly hard — and still felt like the numbers were working against them.

Not because they were doing anything wrong. But because nobody had ever sat down and explained what the numbers actually meant for their decisions.

That's not accountancy. That's just compliance.

We work differently. We sit alongside you, look at where your business is going, and help you make decisions with clarity — not guesswork.

If your accountant only calls at year-end, you deserve more than that.

What would change in your business if you actually understood your numbers? Tell us in the comments.

24/06/2026

MTD for Income Tax is now live for anyone earning over £50,000.

If that's you — and you're still keeping records in a spreadsheet or a shoebox — this matters.

From April 2026, HMRC requires quarterly digital submissions. Not annual. Quarterly.

Here's what you need to have in place:

✅ Compatible software (Xero, QuickBooks, FreeAgent, Sage)
✅ Digital records for all income and expenses
✅ Quarterly updates submitted on time
✅ Final declaration by 31 January each year

The £30k threshold drops in April 2027 — so even if you're not caught yet, you will be.

Not sure where you stand? Drop a comment or message us to book a free 15-minute MTD readiness call. No obligation.

19/06/2026

Most business owners find out about a tax problem at the worst possible time.

Year-end. When the invoice just landed. When cash is already tight.

It doesn't have to work that way.

A Virtual Finance Director gives you the visibility to see what's coming — months in advance, not weeks too late.

• Know your tax position in real time
• Plan around cash flow before it becomes a crisis
• Make growth decisions with confidence, not guesswork

This is what it means to have a business partner in your corner — not just an accountant who files your return.

Book a free 30-minute advisory call — link in bio or message us directly.

Address

Eagle House, 163 City Road
London
EC1V1NR

Opening Hours

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

Telephone

+443333443993

Website

http://solid.accountants/

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