by Steffen Kemmerzehl, MAAT, AATQB – Friendly Assist Accountancy Many UK sole traders, landlords and small business owners are already hearing about Making Tax Digital (MTD), but still aren’t fully clear on what it actually changes in practice. As HMRC continues its digital tax programme, understanding MTD for sole traders, MTD for landlords, and the …
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by Steffen Kemmerzehl, MAAT, AATQB – Friendly Assist Accountancy Inside or Outside IR35? Many UK contractors operate through a limited company without fully understanding how IR35 works or why it matters. A software developer working remotely for a large pharmaceutical company. An engineering contractor on a long term project. An IT consultant billing through their …
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Many UK businesses now have international connections without thinking of themselves as “international businesses”. A freelancer in Newcastle working remotely for a company in Germany. A self employed designer invoicing clients in Dubai. An Amazon seller shipping products across Europe. A landlord living abroad while …
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by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Over the past few years, the UK tax and business landscape has become increasingly complex for internationally connected individuals and small business owners. Changes around immigration, overseas income, compliance and business regulation are already affecting many people, even before some proposed policies officially become law. …
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub If you or someone close to you receives a Winter Fuel Payment, it is worth staying alert. Recently, HM Revenue & Customs warned that scammers are increasingly targeting pensioners with fake messages about repaying Winter Fuel Payments. You can read the official HMRC guidance here. …
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by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub If your business manufactures, imports, stores, or distributes vaping products, an important change is coming. HM Revenue & Customs has opened applications for the new Vaping Products Duty (VPD), which comes into force later this year. This introduces a new duty on vaping liquids and …
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by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Getting a Mortgage: How an accountant can help Applying for a mortgage is not only about how much you earn. It is also about having clear, accurate financial information that helps lenders understand your circumstances. This can be especially important if you are self-employed, run …
by Steffen Kemmerzehl, MAAT, AATQB – see The Accounting Hub Retirement should be about peace of mind. Unfortunately, many pensioners tell us they feel confused or stressed when they hear about tax changes in the news. Frozen tax allowances, changes to savings rules, digital reporting requirements – it can all sound complicated. The good news …
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Running a business is challenging, and paying less tax legally is always welcome news. From 1 January 2026, unincorporated businesses like sole traders and partnerships can benefit from a new 40% First-Year Allowance (FYA) on qualifying plant and machinery that aren’t fully covered by other allowances. At Friendly Assist Accountancy, we help businesses make the …
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The UK tax system is getting more digital, and two key changes are on the horizon: the mandatory payrolling of Benefits in Kind (BIKs) and the wider rollout of Making Tax Digital (MTD). Whether you’re a business, charity, sole trader or landlord, understanding these developments now will make compliance easier in the years ahead. What …
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