McAleer Jackson Ltd

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McAleer Jackson Ltd We are a firm of Chartered Accountants and Chartered Tax Advisers

MTD Quarter 2 DeadlineThe second Making Tax Digital quarter ends on 30 September 2026, with submissions due by 7 Novembe...
29/09/2026

MTD Quarter 2 Deadline

The second Making Tax Digital quarter ends on 30 September 2026, with submissions due by 7 November 2026.

If you're already registered for MTD, please send us your Quarter 2 self-employment and rental income and expense records as soon as possible so we can prepare and submit your next update before the deadline.

Need help or unsure what's required? Contact our team and we'll be happy to assist.

A huge thank you to our incredible team for making today’s Macmillan Cancer Support Coffee Morning a success.☕🍰💚From bak...
23/09/2026

A huge thank you to our incredible team for making today’s Macmillan Cancer Support Coffee Morning a success.☕🍰💚

From baking delicious treats and setting everything up, to donating generously and supporting the event throughout the morning, our staff went above and beyond to help raise money for an amazing cause. 🍰☕Supporting our local community and worthwhile charities is something that's very important to us.

💍 Best Wishes to Abbie 💍Everyone at McAleer Jackson would like to send Abbie our warmest congratulations as she prepares...
21/09/2026

💍 Best Wishes to Abbie 💍

Everyone at McAleer Jackson would like to send Abbie our warmest congratulations as she prepares to get married.

We hope you have a beautiful and memorable day, and wish you both a lifetime of happiness together.

With best wishes from all at MJ 🩷

📢 HMRC Changes to Benefits in Kind ReportingImportant changes are on the way for employers who provide taxable benefits ...
17/07/2026

📢 HMRC Changes to Benefits in Kind Reporting

Important changes are on the way for employers who provide taxable benefits to their employees.

From 6 April 2027, certain Benefits in Kind (BiKs) including company cars, fuel benefits, vans and private medical insurance, will need to be taxed through payroll rather than reported annually on a P11D.

Most other taxable benefits are expected to move to mandatory payrolling from April 2028.

✅ Employees will pay tax on benefits in real time through PAYE
✅ Fewer tax code adjustments
✅ Reduced end-of-year P11D reporting requirements

If your business provides employee benefits, now is the time to review your payroll processes and start preparing for the transition. HMRC is encouraging employers to plan ahead and communicate any changes with staff.

💬 Not sure how these changes will affect your business? Our payroll team is here to help you understand the new requirements and prepare with confidence.

Planning capital expenditure in 26/27?Capital Allowances: Key Changes from 2026Businesses investing in plant, machinery,...
08/07/2026

Planning capital expenditure in 26/27?

Capital Allowances: Key Changes from 2026
Businesses investing in plant, machinery, equipment or qualifying fixtures should be aware of important changes to capital allowances taking effect from 2026.
While tax relief remains available, the timing of that relief is changing and this could affect cash flow and tax planning for some businesses.

What is changing?
The main pool writing down allowance rate is reducing from 18% to 14%.
This will apply from:
• 1 April 2026 for companies within the charge to corporation tax; and
• 6 April 2026 for unincorporated businesses, including sole traders and partnerships.

For accounting periods that straddle the relevant date, a hybrid rate will apply.

A new 40% first-year allowance
From 1 January 2026, a new 40% first-year allowance is being introduced for qualifying main rate plant and machinery expenditure. This should provide more upfront relief in certain cases, particularly where full expensing is not available or not claimed.

What stays the same?
Several key allowances remain in place, including:

• Annual Investment Allowance at 100% relief, subject to the £1 million annual limit.
• Full expensing for companies on qualifying new main rate plant and machinery.
• The 50% first-year allowance for qualifying special rate expenditure.
• Special rate pool writing down allowance at 6%.
• Structures and Buildings Allowance, generally at 3% per annum for qualifying non-residential structures and buildings.

Why does this matter?
The reduction in the main pool writing down allowance means some businesses will receive tax relief more slowly, especially where expenditure is not covered by the Annual Investment Allowance, full expensing or another first-year allowance.
Businesses with significant capital expenditure, or historic main pool balances, may wish to review their position and consider the timing of planned investment.
If you are considering investment in plant or machinery, it is worth taking advice to understand which allowances may be available and how the changes could affect your tax relief.

Could your next career move be with us? We're growing our team and are looking for talented, motivated individuals to jo...
29/06/2026

Could your next career move be with us?

We're growing our team and are looking for talented, motivated individuals to join us.

Whether you're just starting your career or looking for your next challenge, we'd love to hear from you.

Visit www.mmjca.com/careers to find out more and apply today.

📍 Omagh | 📈 Career Development | 🤝 Supportive Team Culture

MTD Q1 Reminder 📊We’re approaching the end of the first Making Tax Digital (Income Tax) quarter (1 April – 30 June 2026)...
26/06/2026

MTD Q1 Reminder 📊

We’re approaching the end of the first Making Tax Digital (Income Tax) quarter (1 April – 30 June 2026), with submissions due by 7 August 2026. This update gives HMRC a snapshot of your business income and costs.

If you are a landlord or self-employed, and have qualifying income of more than £50,000, you may now be required to report to HMRC under MTD for Income Tax. You will need to keep digital records of your income and expenses, use compatible software, and submit quarterly updates to HMRC.

Need support?

We can help with:
• Registering for MTD.
• Setting up compliant software.
• Reviewing your records.
• Preparing and submitting your update.

Get in touch with the team if you have any queries.

Mileage Rate Increase – What It Means for YouThe approved mileage rate for cars and vans has increased from 45p to 55p p...
19/06/2026

Mileage Rate Increase – What It Means for You

The approved mileage rate for cars and vans has increased from 45p to 55p per mile (for the first 10,000 miles per tax year), with the 25p rate for any additional miles unchanged. The 55p per mile rate is effective from 6 April 2026 and is an effort to address the rising cost of running a vehicle.

The increase, the first in 15 years, will be worth £1,000 to employees who use their private vehicle for over 10,000 miles of business travel per year.

For Employees:

• If you use your own car for work, your employer can now reimburse up to 55p per mile tax free
• If you’re paid less than this, you may be able to claim tax relief on the difference

For Employers:

• A good opportunity to review your mileage policy and processes
• You may need to update systems and consider backdated adjustments from April

If you’d like support checking your position, feel free to get in touch with our team.

Companies House changes – small companiesFrom 2028, small companies and micro-entities will be required to file a profit...
12/06/2026

Companies House changes – small companies

From 2028, small companies and micro-entities will be required to file a profit & loss account with Companies House.

While there will be an option to keep this information off the public register, it represents a significant shift towards greater transparency.

📊 What does this mean for you?
• More detailed information submitted as part of your accounts.
• Greater focus on accurate, up-to-date financial records.
• Potential implications for how your results are viewed.

Although this is a few years away, it’s worth starting to think about how these changes may affect your business.

If you’d like to discuss this further, feel free to get in touch.

📢 Directors – tax return changes for the 2025/26 tax year If you run your own limited company, there’s an important upda...
26/05/2026

📢 Directors – tax return changes for the 2025/26 tax year

If you run your own limited company, there’s an important update you should be aware of.

From the 2025/26 tax year, HMRC will require extra detail on your personal tax return, including:
1. Dividends from your own company (separately reported).
2. The company name and registration number.
3. Your shareholding % (highest during the year).

This is a change from the current system, where dividends are reported as one total figure.

👉 In short - more detail, more transparency, and more focus from HMRC.

It’s worth getting your records in order early to avoid any issues or penalties down the line.

If you would like to discuss how this affects you, our team is here to help.

Address

24 Dublin Road
Omagh
BT781HE

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 1pm

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