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VAT Made Simple: How Friendly Assist Accountancy Helps You Stay Compliant and Save Time

The Autumn 2025 Budget introduced several updates to the VAT system that will matter to many UK businesses. Some are helpful, some require attention, and all are worth understanding early. Below is a clear, client-focused overview that keeps things simple and practical. At Friendly Assist Accountancy, we combine local expertise with extensive international experience. Whether …

Investing for SMEs in 2026 A Simple Guide for Business Owners and Investors

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by Steffen Kemmerzehl, MAAT, AATQB – Friendly Assist Accountancy If you are new to investing in small businesses or trying to understand how SMEs raise and use capital the rules in 2026 are very different from even a few years ago. SMEs are now operating in a tighter funding environment while investors are becoming far …

Upcoming Business, Tax & Driving Rule Changes — What You Need to Know

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November 2025 version We work daily to keep our clients ahead of the curve on relevant regulatory changes. While there are no major tax or accounting rules kicking in today, several important changes are coming up — and your business (or your clients’) can benefit by getting ready now. What’s On the Horizon 1. Company …

Unlock Affordable Lease Accounting Support for Small Charities Before SORP 2026 Hits

by Industry Guides, Self Employed and Freelancers, Tax updates No Comments

As charities prepare for the Charities Statement of Recommended Practice (SORP) 2026, one of the most significant accounting changes is the new treatment of leases. This update impacts all charities with lease agreements—whether for premises, vehicles, or equipment—and especially those with income under £250,000. What is Changing? From 1 January 2026, the Charities SORP requires …

Smart & Practical Ways for Local Businesses to Save Money

by Industry Guides, MTD and other HMRC topics, Self Employed and Freelancers Comments are Disabled

by Steffen Kemmerzehl – Friendly Assist Accoutancy Running a small business is hard work whether you are based in the North East, working with overseas clients, or living in the UK with international income. When margins are tight and tax rules are complex, every pound really does count. At Friendly Assist Accountancy, we support sole …

Are Your Business Finances Built on Solid Foundations?

by Industry Guides, Self Employed and Freelancers, Tax updates No Comments

Steffen Kemmerzehl, MAAT, AATQB – The Accounting Hub Running a successful business takes more than hard work. Whether you are a roofer replacing damaged roofs across Newcastle, a builder managing multiple projects, or a business owner in another industry entirely, strong financial management is what turns effort into lasting profit. Many business owners tell us …

Maximise Income and be in the Know about Benefits

by Self Employed and Freelancers No Comments

If you run a business or work as a sole trader, you’re already familiar with payroll, tax, and compliance. But did you know that household benefits and tax-free schemes available to your employees or even to you can also impact your financial planning, payroll, and the advice you provide? If we talk about benefit it …

Why Choosing a Qualified Accountant Matters in 2026

by Industry Guides, MTD and other HMRC topics, Self Employed and Freelancers, Tax updates No Comments

As HMRC and Companies House continue introducing new compliance requirements, choosing a qualified and regulated accountant has never been more important. Recent warnings from the AAT, ACCA and ICAEW highlight the risks posed by unregulated tax advisers and refund agents operating across the UK. At the same time, the introduction of identity verification requirements and …

When Growth Plans Fall Through: What Newcastle’s Earl of Pitt Street Can Teach Every Small Business About Financial Planning

by Self Employed and Freelancers No Comments

In business, every set of accounts tells a story.Sometimes it’s one of steady growth and smart planning. Other times, it’s a warning about challenges just around the corner. Recently, a well-known Newcastle city-centre venue, The Earl of Pitt Street, closed its doors after more than ten years of trading. For many locals it was more …

Hidden Accounting Pressures Behind Great Food

by Industry Guides, Uncategorized No Comments

Food Industry battling Costs and Tax 03 July – written by Steffen Kemmerzehl – Friendly Assist Accountancy – Blog Many restaurants begin with a passion for great food and excellent service, but staying profitable depends on much more than a busy dining room. Food businesses often operate on tight margins, making it essential to keep …