Thobani Accountants

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Thobani Accountants

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We offer accountancy and tax services for individuals, (both employed and retired), sole traders and partnerships.

15/09/2026

Is it time to move from sole trader to limited company? As your business grows, becoming a limited company can bring potential tax and financial benefits – but it also comes with more administration and responsibilities.

Our latest blog looks at the key things to consider before making the decision.

Read more: https://thobaniaccountants.co.uk/when-does-it-make-sense-to-move-from-sole-trader-to-limited-company/

Starting out as a sole trader is usually the simplest way to run a small business. There’s less admin, fewer formal reporting requirements and you can get on with running the business. But as your business grows, you may start wondering whether it is time to become a limited company. There’s no ...

12/08/2026

Growing your business? Don't let your tax arrangements get left behind.

As turnover and profits increase, so can your tax responsibilities – from VAT and payroll to payments on account.

We've rounded up some common tax mistakes made by growing businesses, with tips on how to avoid them.

Read the blog:

The key is not to wait until something goes wrong. Keeping good records, planning for tax bills and reviewing your position is very important

15/07/2026

Worried about your 31 July Self Assessment payment? It might be possible to reduce the amount due.

Payments on account are based on your previous year's tax bill, so if your income has fallen, you could pay less.

Before the deadline, a quick review could save you money and improve your cash flow.

Read our latest blog to find out more:

If you have a payment on account becoming due for self assessment tax on 31st July, read on for futher information

16/06/2026

Making Tax Digital is here – is your business ready?

For many sole traders and landlords, how you keep records and report income to HMRC is changing. You now need to provide quarterly updates and use digital record-keeping.

But with the right preparation and software, the transition can be smoother than you might think.
Read our latest blog to find out who’s affected and what you need to do.

The good news is that MTD doesn't change how much tax you pay. It just changes how you keep records and report your income to HMRC.

29/05/2026

Two big compliance changes are on the horizon for UK businesses:
📌 Updated IR35 thresholds from April 2026
📌 Mandatory e-invoicing arriving in 2029

What do the changes actually mean for contractors, SMEs, and company directors? We’ve broken down the key updates, the practical implications, and what businesses should be doing now to prepare.

Read the full blog below 👇

https://thobaniaccountants.co.uk/ir35-and-e-invoicing-new-changes-peterborough-businesses-need-to-know/

Two new topics are on the agenda for small businesses: changes to the HM Revenue & Customs off-payroll working rules (commonly known as IR35) and the government’s plans to introduce mandatory e-invoicing from 2029. While neither represents an overnight change for most businesses, both are part of ...

20/04/2026

With dividend tax rising this month, a lot of directors are asking: “Should I just take everything as salary instead?”

Short answer: probably not.

Even with the increase, salary + dividends is still usually more tax-efficient — mainly because dividends don’t get hit with National Insurance.

The gap is smaller than before, but it hasn’t disappeared. Read our blog for details: https://thobaniaccountants.co.uk/should-you-switch-from-dividends-to-an-all-salary-approach-in-2026-27/

A question we’re hearing more frequently as new tax changes take effect is whether directors should move away from salary-plus-dividend model

Address

9 Framlingham Road
Peterborough
PE28UF

Website

http://www.thobaniaccountants.co.uk/

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