HMS Accounting

26/08/2026

Have you missed the first MTD for Income Tax deadline? Do not panic — but do not ignore it!

The first quarterly MTD deadline was 7th August 2026.

If you have missed it, the good news is that HMRC will not issue penalty points for late quarterly updates during the 2026/27 tax year. However, you still need to catch up and submit the outstanding update.

So, what should you do now?

✅ Make sure you are registered for MTD for Income Tax
✅ Use HMRC-compatible accounting software
✅ Bring your digital bookkeeping records up to date from the start of the tax year
✅ Submit the overdue quarterly update as soon as possible
✅ Keep your records up to date ready for the next deadline — 7th November 2026

If you are unsure where to start, we can help you get your bookkeeping up to date, make sure your software is ready for MTD and prepare and submit your quarterly updates to HMRC.

Missing the deadline does not make the problem disappear — but it can be sorted.

Get in touch with HMS Accounting if you need help catching up with MTD.

15/08/2026

What a Mersea Week⛵️

Four days of racing, three different boats, plenty of sun, wind and competition — absolutely exhausted, ridiculously hot, but very happy😅

A brilliant few days on the water with great racing and even better company. Mersea Week, you delivered. 💙

02/08/2026

⏰ MTD for Income Tax – First Quarterly deadline approaching

If you are affected by Making Tax Digital for Income Tax, your first quarterly update is due to HMRC by 7th August.

At HMS Accounting, we can help with:
✅ MTD registration
✅ Digital bookkeeping
✅ Quarterly submissions
✅ Ongoing support throughout the year

If you are unsure whether MTD applies to you, get in touch. We are happy to point you in the right direction.

📍 Unit 5, 110 Coast Road, West Mersea CO5 8NY

📧 [email protected]

22/07/2026

Is your first MTD for Income Tax return due?

The first Making Tax Digital (MTD) for Income Tax quarterly update is now due for the period 6 April to 30 June 2026, with a submission deadline of 7 August 2026.

If you are a sole trader or landlord who has joined MTD for Income Tax, now is the time to make sure your records are up to date and your quarterly update is submitted on time.

At HMS Accounting, we can help with:
✅ Keeping your bookkeeping up to date
✅ Checking your income and expenses
✅ Preparing and submitting your quarterly update
✅ Making sure you stay compliant with HMRC
✅ Ongoing support throughout the year – not just at tax return time

If you are feeling unsure about MTD, you are not alone. We are here to make the process as straightforward and stress-free as possible.

📩 Get in touch today to see how we can help.

17/07/2026

06/07/2026

Are you struggling with Making Tax Digital for Income Tax?

Not sure where to start, what software to use, or when your first submission is due?

Do not worry — HMS Accounting can help you get ready, keep your records up to date, and make sure your quarterly submissions are filed on time.

MTD does not have to feel overwhelming when you have the right support in place.

Get in touch today and let us help you stay compliant.

03/07/2026

3 Xero Hacks to Make Bookkeeping Easier

If bookkeeping is taking up too much of your time, it’s probably because you’re not using Xero to its full potential. Here are three game-changing hacks to speed things up, reduce errors, and make your life so much easier.

🚀 1. Automate Recurring Invoices
Got clients you bill every month? Stop manually creating invoices. Xero lets you set up repeating invoices so they send automatically—keeping your cash flow consistent and saving you time.

⚡ 2. Bulk Fix Errors with ‘Find & Recode’
Entered the wrong category on multiple transactions? Instead of fixing them one by one (painful), use Xero’s ‘Find & Recode’ tool to update everything in seconds.

⌨️ 3. Use Keyboard Shortcuts to Move Faster
If clicking through endless menus slows you down, Xero’s keyboard shortcuts will change your life. Press ‘/A’ to jump straight to your bank accounts or ‘/I’ for invoices—no more aimless clicking.

💡 Work smarter, not harder. Set these up today.

02/07/2026

Making Tax Digital for Self Assessment – first quarterly period is nearly here.

The first quarterly period for MTD for Self Assessment will shortly be due, and this is a good time to make sure everything is in place.

If you are a sole trader or landlord who is required to join MTD, you will need to keep digital records and submit quarterly updates to HMRC using compatible software.

At HMS Accounting, we can help with:

✅ Checking whether MTD applies to you
✅ Getting you registered with HMRC
✅ Setting up the right software
✅ Keeping your records up to date
✅ Preparing and submitting your quarterly updates
✅ Making sure deadlines are not missed

MTD does not need to feel overwhelming, but it is important not to leave it until the last minute.

Please get in touch if you would like help getting ready.

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