PML Accountants

13/07/2026

What Records Should You Keep For MTD?

Keeping good records isn't just about staying compliant, it makes running your business easier too.

Make sure you're keeping track of:

✅ Sales and income
✅ Business expenses
✅ Receipts
✅ Invoices
✅ Rental income (where applicable)

The more organised you are now, the easier your quarterly updates will be.

08/07/2026

Not sure if Making Tax Digital applies to you?

From 6th April 2026, you'll need to use Making Tax Digital for Income Tax if you:

✔ Are registered for Self Assessment
✔ Receive income from self employment, property, or both
✔ Had qualifying income over £50,000 in the 2024/25 tax year

If that's you, you'll need to:

🔸Keep digital records
🔹Use compatible software
🔸Submit quarterly updates to HMRC

Not sure if you're affected? HMRC has a helpful guide explaining who needs to sign up and what you'll need to do...

If you get self-employment or property income, find out how to sign up for and use Making Tax Digital for Income Tax.

03/07/2026

The countdown is on! ⏳

The first Making Tax Digital (MTD) for Income Tax quarterly update is due on 7th August 2026.

If you're a sole trader or landlord affected by MTD, now is the perfect time to check that your records are up to date and you're ready to submit.

Leaving it until the last minute can make the process much more stressful.

📩 Need help? Our team is here to make MTD simple.

01/07/2026

📅Important July Accountancy Dates📅

🔸6th July 2026 - Deadline for submitting:
- P11D forms
- P11D(b) forms
- Reporting employee benefits and expenses for the 2025/26 tax year

🔹7th July 2026 - VAT return and payment deadline for businesses with a VAT quarter ending 31st May 2026.
🔸19th July 2026 - Deadline for postal payment of Class 1A National Insurance contributions.
🔹22nd July 2026 - Electronic payment deadline for Class 1A National Insurance contributions.
🔸31st July 2026 - Second Payment on Account due for Self Assessment taxpayers for the 2025/26 tax year.

Looking ahead to August...
🔹 7th August 2026 - Making Tax Digital quarterly update deadline for many self-employed individuals and landlords.

21/06/2026

☀️ Summer officially starts today!☀️

As businesses head into the warmer months, now is the perfect time to review finances, prepare for upcoming deadlines, and plan ahead for seasonal changes in workload and cash flow.

For many businesses, summer can bring changes in customer demand, staff holidays, and shifts in day to day operations. Taking the time to get organised now can help reduce stress later in the year and keep your business running smoothly through the busy holiday period.

A few simple steps can make a big difference:
🔸 Review your cash flow
🔹 Prepare for upcoming tax deadlines
🔸 Plan staff cover and holidays
🔹 Check budgets and business goals
🔸 Stay on top of bookkeeping and expenses

A little preparation today can help set your business up for a successful and stress free summer ahead.

15/06/2026

Thinking About Growing Your Business?

If you’re looking to make changes within your business, improve profitability, or plan for growth, understanding your numbers is essential.

Our management reporting services provide clear, easy-to-understand insights into how your business is performing, helping you make informed decisions with confidence.
Management reports can help you:

🔸Understand where your profits are coming from
🔹Monitor cash flow and business performance
🔸Identify areas for improvement
🔹Track growth and business goals
🔸Make informed decisions about scaling your business

Rather than simply looking at year end figures, management reporting gives you regular financial insight throughout the year, helping you stay proactive instead of reactive.
❗Whether you’re planning to grow, recruit, invest, or simply gain a clearer picture of your business finances, we can help provide the information you need to move forward confidently❗

07/06/2026

⚠️Don't Get Caught Out By Payments on Account ⚠️

If you’re self employed, July can often bring an unexpected tax bill due to HMRC’s “Payments on Account” system.

Your second Payment on Account for the 2025/26 tax year is due by 31st July 2026. These advance payments are made towards your next tax bill and can catch many business owners off guard if they haven’t planned ahead.

A good tip is to start setting money aside regularly now, rather than waiting until the deadline approaches.

Planning ahead can help:

🔹Avoid cash flow pressure
🔸Reduce financial stress
🔹Prevent late payment penalties and interest
🔸Make budgeting throughout the year much easier

If you’re unsure how much you may need to pay or whether Payments on Account apply to you, we can help you estimate upcoming liabilities and plan ahead effectively.

01/06/2026

🔸IMPORTANT JUNE & JULY DATES🔸

7th June 2026 - VAT return and payment deadline for businesses with a quarter ending 30th April 2026.

19th June 2026 - PAYE submissions and payments due for the previous tax month.

22nd June 2026 - Electronic PAYE payment deadline to HMRC.

Corporation Tax Companies with a year end of 31st August 2025 may have Corporation Tax due this month. Corporation Tax is usually payable nine months and one day after the end of your accounting period.

Looking ahead to July...

6th July 2026 Deadline for submitting:
- P11D forms
- P11D(b) forms
- Reporting employee benefits and expenses for the 2025/26 tax year

19th July 2026 - Deadline for postal payment of Class 1A National Insurance contributions.

22nd July 2026 - Electronic payment deadline for Class 1A National Insurance contributions.

31st July 2026 - Second Payment on Account due for Self Assessment taxpayers for the 2025/26 tax year.

29/05/2026

📢 We have exciting news!

We’re thrilled to announce our new partnership with Reducer a leading Connected Purchasing app designed to help businesses make smarter purchasing decisions.

Reducer connects with your Xero account and analyses your spend history to identify potential savings and supplier opportunities, helping you reduce costs with minimal effort.

🔸 Completely free to use
🔹 Personal support from a dedicated Client Partnership Manager
🔸 Simple, hassle free process

If you’re interested in this free service and would like to find out more, please contact us, we’d be happy to help!

https://reducer.co.uk/businesses?utm_source=hs_email&utm_medium=email&_hsenc=p2ANqtz-8GtzuC4eoct6mL6sngFvdsiTe0DGxlnUhHE_wr3lWgnyL-RnKR_p4GMi9F2FnYuROJ063a

25/05/2026

💡 Has your company year end recently passed?

Now is the best time to get things moving...

Sending your records to us early means we can:
✔ Prepare your accounts sooner
✔ Calculate your Corporation Tax well in advance
✔ Give you plenty of time to plan and set money aside

👉 Remember, Corporation Tax is due 9 months and 1 day after your year end — but leaving things late can lead to unnecessary pressure.