DSA Prospect

16/07/2026

🔔 The 31 July deadline for POA is coming up - have you planned for your tax payment?

At the end of July, many business owners will need to make their second payment on account. Every year, we see the same pattern, businesses caught off guard by the amount due.

By this stage, people are often:

👉 Unsure what the payment actually covers
👉 Surprised by how much they owe
👉 Feeling the pressure on their cash flow

If you haven’t checked your July tax position yet, now’s the time, or speak to an advisor before the deadline.

08/07/2026

From April 2027, HMRC will begin the move to mandatory payrolling of Benefits in Kind (BiKs), marking one of the biggest changes to employee benefits reporting in years. Employers will need to adapt their payroll processes, reporting requirements and compliance approach as the traditional P11D regime is phased out.

In our latest blog, we break down:

✅ What mandatory payrolling means for employers
✅ The key implementation timeline
✅ Which benefits are affected first
✅ How payroll, finance and HR teams can prepare now
✅ Practical steps to ensure a smooth transition

The businesses that start planning today will be best placed to avoid disruption and stay compliant when the changes take effect.

📖 Read the full article here:
https://www.dsaprospect.co.uk/insights/end-of-p11d-mandatory-payrolling-benefits-2027

From April 2027, mandatory payrolling will replace most P11D reporting. Learn what the changes mean for employers and how to prepare.

02/07/2026

Is your accounting software helping your business grow… or holding it back?

With Making Tax Digital now firmly in place, and the government continuing to move towards wider digital reporting and processes, choosing the right accounting software has become more important than ever for UK businesses.

The right setup can help you:

✔️ Stay HMRC compliant
✔️ Save time with automation
✔️ Improve cash flow visibility
✔️ Reduce errors and admin stress
✔️ Make smarter business decisions
✔️ Prepare for future digital changes

In our newest blog, we explain:

- What to look for in accounting software
- The differences between popular platforms like Xero, FreeAgent & Sage
- Why scalability matters as your business grows
- How digital reporting requirements are changing
- How professional advice can make all the difference

If you’re reviewing your current software or choosing a system for the first time, this guide is a great place to start.

Read the full blog here: https://www.dsaprospect.co.uk/insights/choosing-accounting-software-uk

01/07/2026

The tax deadline most employers forget about is days away.

The P11D deadline is 6 July, and every year businesses get caught out.

If you’ve provided:

👉 Company cars
👉 Private health insurance
👉 Travel and entertainment expenses

(just to name a few examples)

You may need to report them.

It’s one of those obligations that often slips through the cracks... until it becomes a problem.

While P11Ds are due to be phased out from April 2027, they remain a key compliance requirement for now. That means:

- Accurate records still matter
- Classifications need to be correct
- Deadlines still apply

As we move closer to the end of P11Ds, we’re seeing more businesses review how benefits are reported and whether current processes still make sense.

If you’re unsure whether this applies to you, now is the time to check.

25/06/2026

Busy business.
Good sales.
Still feeling cash‑strapped?

That pressure doesn’t always mean a lack of income.

We often see profitable businesses struggle because:

> Cash comes in at the wrong time
> Tax and VAT aren’t factored into day‑to‑day decisions
> Growth happens faster than planning

When money is moving quickly, it’s easy for cash flow to feel unpredictable... even when things are going well.

Stepping back to look at the full picture can make a real difference:

- What’s coming in
- What’s already committed
- What’s actually available to use

That’s where forward‑looking advice and cash‑flow planning help turn uncertainty into confidence.

If this sounds familiar, you’re not alone, and there are calmer ways to manage it.

👉 Learn more about how our business advisory team supports clearer, more confident decision‑making: https://www.dsaprospect.co.uk/business-services

09/06/2026

The Summer VAT Cut 2026 could bring big opportunities for hospitality, leisure and tourism businesses… but are you ready for the changes?

Our latest blog explains what you need to know about the temporary 5% VAT reduction, including:

✔️ What qualifies
✔️ Which businesses are affected
✔️ VAT risks to watch out for
✔️ How to prepare your pricing and systems

🔗 Read the full blog:�https://www.dsaprospect.co.uk/insights/summer-vat-cut-2026-uk-business-guide

Discover how the temporary UK VAT cut to 5% may impact your business and learn essential compliance strategies to navigate the changes effectively.

27/05/2026

For the first time in 15 years, HMRC is increasing the approved business mileage rate. Are you ready for the change?

Following an announcement by the Chancellor, the tax-free Approved Mileage Allowance Payment rate for cars and vans is officially increasing from 45p to 55p per mile for the first 10,000 miles.

We've broken down what has changed, who it impacts, and the practical steps your business needs to take in our latest blog post.

Read the full article here: https://www.dsaprospect.co.uk/insights/hmrc-mileage-rates-increase

HMRC mileage rates rise to 55p per mile from April 2026. See how the increase affects employees, self‑employed workers and businesses.

14/05/2026

Some of our team are at Accountex this week, it’s always a great opportunity to step out of the day-to-day and see where the profession is heading.

What stands out isn’t just the scale of the event or the number of new tools, but how quickly our role is evolving. Conversations are shifting from compliance to advisory, automation, and client experience… and they have been for a while.

Events like this are a good reminder that while the fundamentals of accounting remain the same, the way we serve clients is changing fast. Staying curious, open to new ideas, and willing to adapt is what will keep firms ahead.

Looking forward to bringing some fresh insights back to the wider team. 👏

14/05/2026

If you’re a limited company director, you’ve probably heard that dividends can be a tax‑efficient way to pay yourself - but what does that actually mean?

Our newest blog explains dividends in plain English, covering how they work, when you can pay them, and what to watch out for 👀

Read the full article here: https://www.dsaprospect.co.uk/insights/what-are-dividends-limited-company-director

09/04/2026

Payroll is often treated as a "back-office" task that runs on autopilot. But as your team grows, so does the complexity. Compliance isn't just about paying people on time - it’s about managing the moving parts of the PAYE system, National Insurance, and the ever-shifting rules of statutory payments.

Why should this be at the top of your priority list? When payroll slips, the consequences aren't just administrative. They are financial and reputational:

👉Automated Penalties
👉Cash Flow Impact
👉Employee Trust

Whether you’ve been running payroll for years or are just hiring your first employee, staying on the right side of the rules is essential.

Read our latest guide on the "must-knows" for any UK employer: https://www.dsaprospect.co.uk/insights/payroll-tax-compliance

Navigate UK payroll tax compliance with our essential guide for employers, covering PAYE, reporting, deadlines, and risks of non-compliance.