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One Two One Accounts Ltd

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One Two One Accounts Ltd

Helping Sole Traders and SMEs free up their time to focus on their business.

We're straight talking, face to face accountants who speak in plain English, hate small print, and put everything down in black and white.

21/07/2026

Sole traders make up 57% of all private-sector businesses in the UK, and many are also still carrying 100% of the financial and tax burdens that come with working for yourself.

With Phase 1 of Making Tax Digital now officially live, tax administration has just gone up a notch.

If your gross income is tracking over the upcoming thresholds, managing everything on a spreadsheet is no longer compliant or realistic.

Working with specialist sole trader accountants like us isn’t just about keeping HMRC happy; it is also about reclaiming hours of your time, maximising your allowable expenses and having complete peace of mind that you’re not going to be met with any costly penalties.

Read our latest blog post in the comment section below to see how we can help you.

17/07/2026

As the first Making Tax Digital (MTD) deadline moves closer, the questions I’m receiving more frequently are about what will happen when a deadline is missed.

Under MTD, HMRC has transitioned to a points-based penalty system designed to penalise persistent lateness rather than occasional errors. Here is a breakdown of how the new system will operate:

For each late submission, one penalty point will be issued. Once you reach a specific point threshold (determined by your filing frequency) a £200 fine will be issued.

Generally, no penalty is applied if the tax is paid within 15 days of the due date. After this grace period, percentage-based penalties and interest will build.

If you think you will struggle to meet a deadline, I’d always recommend being proactive and contacting HMRC to propose a Time to Pay arrangement.

While this may calm some nerves, I can’t recommend anything more than getting your accounts in order now. My role is to help streamline your financial processes and prevent you from ever missing a deadline.

Get in touch with us today for MTD support. ✅

15/07/2026

A positive change for North East innovators and creatives. 💡

If your business claims tax credits for Research and Development, Tech, or Creative projects, a helpful tax change is on the way.

Right now, receiving these credits can accidentally push your company's profits over the £1.5 million mark. When that happens, HMRC forces you to pay your Corporation Tax early in quarterly instalments, which can really hurt your cash flow.

Next April, the Government will stop counting these innovation credits toward that profit limit. This means you won't be penalised with early tax bills just for investing in your business's growth and creativity.

Despite this coming into effect next year, planning your cash flow now is smart business. Contact our helpful team for support with understanding how this will affect your next tax return.

10/07/2026

Looking for more than just a bookkeeper?

When you’re running a small business, juggling different providers for your finance, payroll, and tax strategy takes time away from what you do best: growing your business.

At One Two One Accounts, we act as your all-in-one financial partner, handling everything your business needs to thrive so you don’t have to worry about it.

Partnering with us means getting a dedicated team that works to genuinely understand your business inside and out. Alongside taking the stress out of complex financial processes, we tailor our advice to be as helpful as possible for your unique needs.

If you’re ready to work with a team that’s always thinking about the bigger picture, get in touch today!

07/07/2026

Landlords and sole traders, are you ready for the 7th August? ⌛

The very first Making Tax Digital (MTD) for Income Tax quarterly deadline will be here in one month. If your self-employment or property income was over £50,000 this quarter, you should already be keeping your records digitally.

Instead of scrambling for one massive annual Self-Assessment, the new system requires a summary update of your income and expenses every three months using HMRC-compatible digital software.

There’s no need to panic but there’s also no need to delay. Getting your software set up correctly now means your August submission will be as simple as hitting a button.

Need support with migrating records or still hitting a blank with everything MTD? Get in touch with our friendly team to get your business prepared.

03/07/2026

HMRC is looking for your feedback. 🗨️

The Government has launched an official call for evidence regarding PAYE Settlement Agreements (PSAs). If your business uses PSAs to handle minor, irregular, or festive benefits for your team, this is your opportunity to voice where the rules feel too complicated.

Their goal is to find out where the admin pains lie, so they can simplify things for small businesses and employers moving forward. The deadline to submit evidence is the 15th September this year.

If you have questions about your current PSA setup, get in touch with our team today!

29/06/2026

Our focus is on helping you get time back to focus on your business by leaving the administrative tasks to us.

Here’s what we can take care of for you:

1. Accounts Production
2. Bookkeeping
3. CIS
4. Corporation Tax
5. Payroll
6. Self-Assessment
7. VAT Returns

Ready to hand over the admin to a friendly and efficient team? You’re in the right place.

Get in touch to make running your business that little bit smoother. 💬

25/06/2026

Are you spending valuable time managing payroll instead of focusing on growing your business?

While running a business can be incredibly rewarding, payroll administration can quickly become time-consuming and complex. By outsourcing your payroll, you can reduce administrative burdens and gain peace of mind that everything is being managed accurately and compliantly.

When you partner with One Two One Accounts, you can expect:

- Exact calculations for wages, NI, and pensions
- Stress-free submissions to HMRC
- Protection against compliance risks and penalties
- Significant time savings to put back into your business
- Friendly, jargon-free support from a dedicated accountant

You don't need to stress over missing financial deadlines when outsourcing your accountancy solves the complexity for you.

Want to chat about how we can support your business? Get in touch with us today.

19/06/2026

Changes are coming to self-assessment tax returns from the 2025/26 tax year. 📋

HMRC is introducing new reporting requirements for self-employed individuals and directors of close companies, meaning additional information will need to be included on tax returns.

This could include details such as trade start and end dates, close company information, dividend income received, and percentage shareholdings.

While the changes aim to improve accuracy and compliance, they may increase the administrative burden for some taxpayers. Keeping your records accurate and up to date will be more important than ever.

At One Two One Accounts, we help business owners and directors stay compliant and prepared for HMRC reporting changes.

If you're unsure how these new rules could affect you, get in touch with our team today.

17/06/2026

We’re delighted to be recruiting for an experienced Client Accountant to join our team. 🙌

This opportunity is ideal for someone who enjoys working closely with clients, delivering proactive accountancy support, providing practical business advice and building trusted, long-term relationships.

In this role, you'll manage your own portfolio of clients, prepare accounts and tax returns, complete bookkeeping and VAT returns, and provide practical advice to support a range of businesses.

You'll also work with leading cloud accounting software, including Xero, Sage, QuickBooks and FreeAgent.

The ideal candidate will have accountancy practice experience, strong accounting and tax knowledge, excellent communication skills and a passion for delivering outstanding client service.

If you'd like to join a friendly, professional team where your expertise can make a real difference to clients, we'd love to hear from you.

Please send your CV to [email protected].

Address

44 Astley Road, Seaton Delaval
Whitley Bay
NE250DG

Opening Hours

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

Website

https://www.onetwooneaccounts.co.uk/

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