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Welcome to the Accounting Hub at Friendly Assist Accountancy, your place for clear, practical guidance on tax, bookkeeping, and business finances. Our articles are designed to help you stay informed, avoid costly mistakes, and make confident financial decisions.
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Start here: Accounting and Tax insights
New to the Accounting Hub? Explore our latest articles and practical guides on tax, VAT, bookkeeping, and HMRC updates for your situation.
Construction Industry Scheme (CIS) Explained: What Contractors and Subcontractors Need to Know
CIS looks straightforward on the surface, but small setup mistakes can quietly cost contractors and subcontractors money every single month without them realising. If you’re in construction and not 100% confident your CIS is being handled correctly, it’s worth understanding what might be going wrong before HMRC gets involved.
Making Tax Digital Explained: What UK Businesses Must Know
Making Tax Digital is already catching many UK sole traders off guard, especially around spreadsheets, bridging software, and what HMRC actually considers “compliant” digital records.
If you want a simple breakdown of what really changes (without the jargon)
IR35 for UK Contractors
Understand IR35 for UK contractors, how HMRC assesses contracts, and practical ways to reduce tax risk and avoid costly mistakes.
International Tax Rules Are Changing. What UK Businesses Need to Know
Working with overseas clients or earning foreign income? Discover how international tax changes could affect UK businesses and self employed individuals.
What Recent UK Policy Changes Could Mean for Expats, International Clients and Small Businesses
Understand how recent UK tax and policy changes may affect expats, overseas clients, sole traders and small businesses. Practical insights on residency, international income and cross-border tax planning from Friendly Assist Accountancy.
Getting a Mortgage: How an Accountant Can Help
Planning to apply for a mortgage? We can help make sure your accounts and financial documents are clear, accurate, and ready to support a smoother application process.
Winter Fuel Payment scams are rising what you need to know
HMRC warns of Winter Fuel Payment scams. Learn how these scams work, what to look out for, and how to protect yourself and those close to you.
Vaping Duty – What UK businesses must do now to stay compliant
New HMRC vaping duty rules from 2026 will introduce major taxes, licensing, and compliance requirements that could disrupt your business if you don’t prepare early. Get ahead now to avoid penalties, protect margins, and stay legally compliant.
Newcastle Small Business Tax Savings Checklist
A simple, practical checklist for Newcastle business owners to legally reduce their tax bill by claiming missed expenses and applying clear HMRC-backed tips.
New First Year Allowance – Save tax on more items
From 1 January 2026, sole traders, partnerships, and unincorporated businesses can claim 40% tax relief on qualifying plant and machinery not covered by AIA or full expensing. Discover which assets qualify and how to maximise your tax savings.
Benefits and MTD, Company cars and beyond
Are You Ready for Making Tax Digital & BIK Payroll Changes? Major UK tax updates are coming
Tax Deadline Over? We Can Fix it. Stress free Accountancy
Missed the Self Assessment deadline? Newcastle freelancers: reduce penalties, set up payment plans, and fix your tax system for 2026.
Tax Essentials for UK Residents with Foreign Income (And How I Can Help You Get It Right)
UK residents: Report foreign income correctly. Newcastle accountant explains tax residency, SA106 reporting & HMRC nudge letter risks. Free consultation for EU rental income, overseas pensions & voluntary disclosure.
AI bookkeeping is only as strong as the habits behind it
AI bookkeeping can save time, but it can also amplify mistakes if your records aren’t solid. At Friendly Assist Accountancy Ltd, we help Newcastle businesses get their bookkeeping right, stay MTD-compliant, and make automation work for them
VAT or Not – We help you understand
Learn how the latest VAT changes impact your business and how Friendly Assist Accountancy’s international expertise keeps your VAT compliance on track.
The Investor’s New Map: Navigating the 2025 Tax Shifts
If you’re an investor, the tax landscape you’ve known is changing. New rules are redrawing the borders on everything from selling a business to investing in global funds. It can feel complex, but think of this as your quick guide to the new terrain—what’s shifted, and what it means for your money.
Upcoming Changes November 2025
Get ready for sweeping changes to business tax and driving‑related rules. From revised expense treatments to stricter mileage and benefit‑in‑kind guidelines that could seriously impact how your company claims and reports costs.
Accounting for Charities
Dodge the costly complexity of SORP 2026 and secure your small charity’s future with a simple, affordable lease accounting solution that lets you focus on your mission.
Accounting for Roofers
Discover how a quick £20 Financial Health Scan can uncover hidden cash flow leaks, boost your roofing profits, and prepare your business to seize new opportunities like Awaab’s Law—book yours today.
Benefits and Business
Building a Business, Doing on your own, Networking, Making your Side Hustles, Escaping 9 to 5 and juggling Children, Grandparents. Be in the Know about Benefits.
Missing a refund or rebate from HMRC
Protect your business and tax refunds. Learn why AAT, ACCA, and ICAEW warn against unregulated accountants, Friendly Assist Accountancy ensures compliancy.
Lessons from Growth plans shattered
Discover how a Newcastle hospitality business closed after a hoped-for development didn’t arrive, and learn how proactive accounting and scenario planning can help protect your business.
The Real Cost of Running a Restaurant in Newcastle — and How to Stay Ahead
Discover how Newcastle cafés and restaurants can manage rising costs and build financial resilience with expert advice from Friendly Assist Accountancy.
How to avoid tax mistakes and get peace of mind
Learn how sole traders, founders, and academics can avoid common tax mistakes, claim all allowable expenses, stay on top of HMRC deadlines, and protect their business with expert accounting strategies for peace of mind.
Avoid tax penalties and stay compliant
The blog explains key HMRC Self-Assessment deadlines, outlines late filing and payment penalties in clear tables, and offers guidance from Friendly Assist Accountancy on avoiding fines and managing taxes effectively.
How to unlock tax efficiency for EU citizens in UK
A clear guide for EU citizens and expats arriving in the UK from 2025 onwards, explaining how the abolition of non-dom status leads to residence-based taxation, what reliefs may still apply, and how to plan ahead for compliance, record-keeping, and possible exit tax risks.
What overseas income holders need to know – Non-dom changes
Discover how the UK’s non-domiciled tax regime reforms, effective from April 2025, impact UK residents with foreign income and assets. Learn about the new residence-based tax system, key filing deadlines, and steps to optimise your tax position with Friendly Assist Accountancy.
MTD for income tax is coming – get on board
MTD for Income Tax is swapping your yearly tax headache for four smaller digital updates. Let’s get you set up before the 2026 deadline.
Read more – don’t miss MTD – business finance digitalization
How to boost cash flow and overcome financial challenges
An accountant can help your small business overcome financial challenges by improving cash flow, cutting costs, unlocking hidden funds, and guiding smarter financial decisions.
Side Hustles and Tax – What you need to know before HMRC comes knocking
The UK side hustle market is growing rapidly, and anyone earning over £1,000 annually from platforms like Etsy, Vinted, or TikTok must declare this income to HMRC, file a Self Assessment, and pay any due tax. With upcoming reporting changes and potential penalties for non-compliance, seeking expert tax advice can help you stay compliant and optimise your earnings.
Discover how the UK’s finance rules are changing and learn practical strategies to safeguard your money and stay compliant
Major changes to UK tax, crypto, property, and freelance rules are coming by 2026 — understanding them now could make a big difference to how you manage and protect your money.