RS Partnership

RS Partnership R S Partnership is an experienced chartered accountancy practice, based in Welwyn, Hertfordshire.

We understand at first hand the pressures and challenges facing today's businesses. As well as helping you to deal with traditional tax and compliance issues, we can also assist with the day to day operations of your business - leaving you with more time to concentrate on developing the business and building your wealth. We can also offer proactive advice on growing your business, and improving pr

ofitability, and can help to put in place strategies to ensure that you are maximising your personal wealth.

Selling online? Freelancing? Creating content? Providing services on the side?Your side hustle could have tax implicatio...
04/09/2026

Selling online? Freelancing? Creating content? Providing services on the side?

Your side hustle could have tax implications.

HMRC's £1,000 trading allowance remains an important threshold. If your total income from trading activities exceeds £1,000 during the tax year, you may need to register for Self Assessment and declare your income.

It's also worth remembering that selling unwanted personal possessions isn't generally the same as running a business.

The important thing is to understand what you're actually doing and keep proper records from the start.

If your side hustle is becoming more than just a hobby, it may be time to review your tax position.

Tax headlines can be hard to keep up with, but not everything you read is law. With a number of potential tax reforms cu...
02/09/2026

Tax headlines can be hard to keep up with, but not everything you read is law. With a number of potential tax reforms currently being discussed, it's important for business owners, landlords and investors to distinguish between:

✔ Confirmed changes
✔ Proposed changes
✔ Consultation-stage measures
✔ Pure speculation

If you're considering a property sale, business disposal or succession planning, now could be a good time to review your plans rather than making rushed decisions based on headlines.

Good tax planning starts with understanding what is actually changing, and what isn't.

If you're unsure how potential changes could affect your plans, we're happy to help.

Tax rules are constantly evolving, from Making Tax Digital and payroll reporting to VAT and employee expenses.The busine...
27/08/2026

Tax rules are constantly evolving, from Making Tax Digital and payroll reporting to VAT and employee expenses.

The businesses that stay ahead don't wait until there's a problem. They review their processes regularly, keep accurate records and seek advice when rules change.

Being proactive today can save time, money and unnecessary stress tomorrow.

If you'd like expert support with your business finances, contact us here: https://rsaccountant.co.uk/contact-us/

Mileage claims aren't just about fuel, they're about staying tax compliant too.HMRC publishes advisory fuel rates to hel...
25/08/2026

Mileage claims aren't just about fuel, they're about staying tax compliant too.

HMRC publishes advisory fuel rates to help employers reimburse employees using company cars for business travel.

Using the correct rates can:

✔ Avoid unnecessary tax charges.
✔ Keep reimbursements fair.
✔ Help businesses stay compliant.

It's worth reviewing your mileage policies regularly to make sure they're still up to date.

Need help with employee expenses or payroll? Contact us here: https://rsaccountant.co.uk/contact-us/

AI tools like GOV.UK Chat are making it easier to find official tax information.They're great for:1. Understanding basic...
18/08/2026

AI tools like GOV.UK Chat are making it easier to find official tax information.

They're great for:
1. Understanding basic tax rules.
2. Finding HMRC guidance.
3. Learning about common tax topics.

However, AI can't understand every business situation and shouldn't replace professional advice for complex tax matters.

Think of AI as a useful starting point, not the final answer.

📞 Need advice tailored to your business? Contact us today: https://rsaccountant.co.uk/contact-us/

Here's a tax fact you may not know...Charging your electric vehicle at home generally benefits from the reduced 5% VAT r...
18/08/2026

Here's a tax fact you may not know...

Charging your electric vehicle at home generally benefits from the reduced 5% VAT rate.

Charging at a public charging point, however, is currently treated as standard-rated for VAT by HMRC.

This difference continues to be debated, but for now it's important for businesses and EV drivers to understand how the rules apply.

Need advice on VAT or business expenses? Get in touch with us: https://rsaccountant.co.uk/contact-us/

Bookkeeping isn't just about keeping HMRC happy. Accurate records can help you:- Spot cash flow problems early.- Claim a...
13/08/2026

Bookkeeping isn't just about keeping HMRC happy. Accurate records can help you:

- Spot cash flow problems early.
- Claim all allowable business expenses.
- Make better business decisions.
- Reduce errors in your tax returns.

Making Tax Digital has made regular bookkeeping even more important, but it's also a great habit for building a stronger business.

👉 Need help keeping your records organised? Speak to RS Accountants: https://rsaccountant.co.uk/contact-us/

Making Tax Digital (MTD) isn't simply about moving records online, it's changing how many self-employed people and landl...
11/08/2026

Making Tax Digital (MTD) isn't simply about moving records online, it's changing how many self-employed people and landlords manage their finances. Instead of waiting until the end of the tax year, you'll need to:

- Keep digital records.
- Update them regularly.
-Submit quarterly updates to HMRC using compatible software.

Keeping on top of your bookkeeping throughout the year can make tax time far less stressful.

Need support with MTD or bookkeeping? Contact RS Accountants: https://rsaccountant.co.uk/contact-us/

Many businesses offer employee benefits without realising how much administration they involve.With HMRC moving towards ...
08/08/2026

Many businesses offer employee benefits without realising how much administration they involve.

With HMRC moving towards mandatory payrolling of Benefits in Kind, now is a great time to ask yourself:

✅ Which benefits do we provide?
✅ How are they currently reported?
✅ Is our payroll software ready for future changes?

Planning ahead can make the transition much smoother and reduce the risk of costly errors.

Not sure where to start? Our team is here to help: https://rsaccountant.co.uk/contact-us/

Did you know that the way employers report Benefits in Kind is changing?From April 2027, many benefits (including compan...
07/08/2026

Did you know that the way employers report Benefits in Kind is changing?

From April 2027, many benefits (including company cars, fuel, vans and private medical insurance) will need to be reported through payroll instead of annual P11Ds.

What does this mean for employers?
✔ Tax will be calculated throughout the year.
✔ Payroll accuracy will become even more important.
✔ Mistakes may need correcting in real time instead of after the tax year ends.

While the changes are still some way off, reviewing your payroll processes now can save time and stress later.

👉 Need help preparing your payroll for the new rules? Contact RS Accountants today: https://rsaccountant.co.uk/contact-us/

Address

10 Prospect Place
Welwyn
AL69EW

Opening Hours

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

Telephone

01438 718118

Website

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