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M Zaidi & Co - Chartered Accountants and Registered Auditors

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M Zaidi & Co. – Chartered Accountants & Registered Auditors with 50+ years of trusted expertise in Central London, South London & Dubai.

From startups to enterprises, we deliver integrity-driven solutions and expert guidance to help your business thrive. M Zaidi & Co. - Chartered Accountants & Registered Auditors

Trusted financial expertise for over 50 years in CentralLondon, South London and Dubai. From ambitious startups to established enterprises, we deliver integrity-driven solutions and expert guidance that help businesses thrive. With five decades of proven experience, we understand what it takes to build financial success. Our commitment to integrity and efficiency has made us the trusted partner for businesses at every stage of their journey. Your financial success is our commitment.

20/10/2026

A lot of business owners only contact an accountant when a deadline is approaching.

But the biggest financial wins often happen long before a tax return is submitted.

Regular financial reviews can uncover tax-saving opportunities, improve cash flow, help you plan for growth, and identify issues before they become expensive problems.

By the time your accounts are being prepared, many planning opportunities may have already passed.

An accountant shouldn't just help you report what happened. They should help you make better decisions throughout the year.

What's the biggest financial challenge you're facing in your business right now? We'd love to hear your thoughts in the comments.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

19/10/2026

A business updated the wording on its invoices after agreeing a new contract with a customer.

The work hadn’t changed. The customer hadn’t changed. But the way the service was described had.

That small change meant the VAT treatment needed to be reviewed, because the contractual wording no longer reflected the original arrangement.

Businesses often focus on what they sell, but the terms agreed, the contractual documents and the nature of the supply all matter when determining the correct VAT treatment.

Before changing your invoices or contracts, consider whether the revised wording accurately reflects the service being provided and whether it could affect your VAT position.

A simple review before issuing updated documents could help prevent unexpected VAT problems later.

When was the last time you reviewed your invoices or contracts to make sure they still reflect your current services?

If you're unsure whether a contract change could affect your VAT position, Zaidi & Co is here to help.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

16/10/2026

A £210 million boost for UK high streets — but the cost of running a business remains a major challenge.

In September, a £210 million government package was announced to regenerate high streets across England, bringing vacant buildings back into use and supporting community spaces and businesses.

But a report highlighted by Wem & Co points to another issue: the tax burden facing retail and hospitality.

Figures from the British Retail Consortium and UKHospitality cited in the article suggest that hospitality businesses pay 82p in tax for every £1 of revenue, while retail businesses pay 72p. These are reported sector-level tax-to-revenue ratios, not the tax rate applied to each business’s profit.

For businesses already managing rent, wages, energy bills and other operating costs, these pressures can limit the money available to recruit staff, invest in premises or expand.

What can business owners do?

✔ Review eligible tax reliefs and capital allowances.
✔ Make sure VAT is being handled correctly.
✔ Plan ahead for equipment purchases, refurbishments and expansion.
✔ Forecast tax payments to protect cash flow.
✔ Review whether your current business structure remains suitable.

Regeneration may help attract people back to high streets, but managing costs and planning tax efficiently can also make a difference to a business’s long-term resilience.

At Zaidi & Co, we help UK businesses understand their tax position, identify available reliefs and plan ahead with greater confidence.

📞 0208 767 2300
📧 [email protected]
🌐 zaidiandco.co.uk

15/10/2026

HMRC is turning its attention to undeclared medical consultancy income. Are your tax returns accurate?

HMRC is sending letters to medical-sector consultants where information obtained from healthcare providers suggests that consultancy fees received may not match the income declared on Self Assessment tax returns. The issue could involve undeclared income or reporting errors.

If you receive a letter, it does not automatically mean you have done anything wrong — but you should not ignore it.

Here’s what to do:

- Review your income records: Check that all consultancy fees have been accurately reported.
- Respond within 30 days: The article highlights a 30-day response deadline for recipients.
- Correct any omissions: If income has been left out, seek professional advice on the appropriate disclosure process.
- Keep supporting records: Ensure your invoices, payment records and tax returns reconcile.

HMRC may extend similar scrutiny to other sectors, making accurate income reporting important for all self-employed professionals and consultants.

At Zaidi & Co, we help professionals review their tax position, address reporting discrepancies and understand how to respond to HMRC correspondence.

If you work in the medical sector and have consultancy income, now is a good time to check that everything has been declared correctly.

📞 0208 767 2300
📧 [email protected]
🌐 zaidiandco.co.uk

14/10/2026

Employers: Is your P46(Car) deadline on your radar?

If your company provides cars for private use by directors or employees, you may need to notify HMRC when a company car is first provided, an additional car is provided, or an employee stops having a car without a replacement.

📅 Deadline: 2 November 2026
This covers relevant company car changes during the quarter ended 5 October 2026.

Missing a reporting deadline can lead to compliance issues, so make sure your records are up to date and any required notification is submitted on time. Note that P46(Car) is specifically for company car changes; it is not a general form for all employee benefits.

Need help staying on top of your payroll and employer reporting obligations? Zaidi & Co is here to help.

📞 0208 767 2300
📧 [email protected]
🌐 zaidiandco.co.uk

13/10/2026

If you run your own limited company, how you pay yourself matters.

A common approach is to combine salary and dividends, rather than taking everything as one form of income.

Salary

A salary paid through your company is generally a business expense, which can reduce your company's taxable profits and therefore its Corporation Tax liability.

For 2026/27, the Personal Allowance is £12,570, meaning income within that allowance is generally free of Income Tax, subject to your circumstances.

Employer National Insurance can also apply to salary, so the calculation isn't simply about taking the highest possible salary.

Dividends

If you're a shareholder, you may also be able to take dividends from available post-tax profits.

For 2026/27, dividend income is taxed at:

10.75% at the basic rate
35.75% at the higher rate
39.35% at the additional rate

The exact amount you can take at each rate depends on your total income and tax position, not simply how much you take as dividends.

And that's the important part:

There isn't one salary-and-dividend combination that works for everyone.

If you have PAYE income from another job, pension income, other investments or additional earnings, your most efficient approach could look very different.

At Zaidi & Co, we help limited company directors look at the complete picture before deciding how to extract profits.

📞 0208 767 2300
📧 [email protected]
🌐 zaidiandco.co.uk

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12/10/2026

HMRC has confirmed that automatic Corporation Tax late-filing penalty notices have resumed following the completion of its Corporation Tax system update.

The notices had been temporarily paused while HMRC updated its system for the increased late-filing penalties that apply from 1 April 2026.

For limited companies, the important point is simple:

A delayed penalty notice does not mean the penalty has disappeared.

Directors should check:

• Whether the CT600 was filed within the 12-month deadline
• Whether Corporation Tax payment was planned for the relevant payment deadline
• Whether year-end records are prepared early enough for accounts and tax review
• Whether HMRC has issued any correspondence about a late return
• Whether a late return still needs action, even if the penalty notice arrived later than expected

If a Corporation Tax return is late, the company can remain liable for penalties, with further penalties potentially applying if the return remains outstanding.

If you have received an HMRC penalty notice — or are unsure whether your company’s Corporation Tax filing is up to date — Zaidi & Co can help review your position.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

08/10/2026

VAT returns don’t start with the VAT return — they start with the evidence behind your figures.

For VAT-registered businesses, seeing a payment in your bank feed is not enough to support an input VAT claim.

Before filing your next return, check that you have:

• Valid VAT invoices for purchases you’re claiming
• Records supporting the business-use proportion where there is private use
• Relevant credit notes and corrected invoices

HMRC does not accept an invalid invoice, pro-forma invoice, statement or delivery note as evidence for reclaiming VAT.

And remember — not every business expense automatically allows a VAT claim. Special rules and restrictions can apply, including for exempt activities and businesses using the Flat Rate Scheme.

A quick review of your VAT records before filing can help identify missing paperwork while there is still time to correct it.

At Zaidi & Co, we help businesses keep their VAT records accurate, organised and ready for filing.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

07/10/2026

Are you planning to sell shares, property or business assets?

With the Capital Gains Tax Annual Exempt Amount currently at £3,000, the timing and structure of a disposal can have a significant impact on the tax you ultimately pay.

For limited company directors and business owners, planning opportunities may include:

📉 Strategic disposal timing — where appropriate, spreading disposals across tax years can help make better use of available annual exemptions.

👫 Spouse or civil partner transfers — qualifying transfers between spouses/civil partners are generally made on a “no gain, no loss” basis, which can help with tax planning.

💷 Capital losses — allowable losses may be available to offset taxable gains, subject to the relevant rules.

🏢 Business Asset Disposal Relief (BADR) — qualifying business disposals may benefit from a reduced CGT rate, subject to the conditions and lifetime limit.

The key is to consider the tax consequences before completing the disposal — not after.

At Zaidi & Co, we help business owners and directors review the tax implications of major asset disposals and plan ahead.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

06/10/2026

VAT mistakes rarely start when you submit the return. They usually start much earlier.

A missing invoice, incorrect VAT treatment or poorly recorded expense can quietly work its way into your accounts — and by the time the VAT deadline arrives, the problem may already be built into your records.

Common issues include:

❌ Missing or incomplete VAT invoices
❌ Applying the wrong VAT treatment
❌ Claiming input VAT incorrectly
❌ Poorly maintained bookkeeping records
❌ Failing to identify adjustments in time

That's why VAT compliance shouldn't be treated as a quarterly task.

Keeping your bookkeeping accurate and up to date throughout the year makes VAT returns easier to prepare, helps identify errors earlier and reduces the risk of unexpected corrections.

At Zaidi & Co, we help businesses maintain accurate records, manage VAT and stay ahead of their compliance obligations.

Don't wait until the VAT deadline to discover what's wrong with your books.

📞 0208 767 2300
📧 [email protected]
🌐 www.zaidiandco.co.uk

Address

241 Mitcham Road
London
SW179JQ

Opening Hours

Monday	9am - 5:30pm
Tuesday	9am - 5:30pm
Wednesday	9am - 5:30pm
Thursday	9am - 5:30pm
Friday	9am - 5:30pm

Website

http://www.zaidiandco.co.uk/

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