{"id":987943,"date":"2026-04-30T20:16:29","date_gmt":"2026-04-30T19:16:29","guid":{"rendered":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/?p=987943"},"modified":"2026-05-14T19:45:14","modified_gmt":"2026-05-14T18:45:14","slug":"accounting-bulletin-5-things-on-our-radar-right-now","status":"publish","type":"post","link":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/2026\/04\/30\/accounting-bulletin-5-things-on-our-radar-right-now\/","title":{"rendered":"Accounting Bulletin: 5 Things on Our Radar Right Now"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"987943\" class=\"elementor elementor-987943\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-2d2fe9c3 e-flex e-con-boxed e-con e-parent\" data-id=\"2d2fe9c3\" data-element_type=\"container\" data-e-type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-aeb6fc1 elementor-widget elementor-widget-text-editor\" data-id=\"aeb6fc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>From MTD for Income Tax to HMRC&#8217;s increased compliance activity, these are the developments your business should be watching this quarter.<\/p><p>We track the moving parts of UK tax and accountancy so you don&#8217;t have to. Here&#8217;s what&#8217;s caught our attention in April 2025, and why each one matters for business owners and sole traders.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-561754fe elementor-widget elementor-widget-heading\" data-id=\"561754fe\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">1. Making Tax Digital: MTD for Income Tax is Coming - April 2026<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-39336315 elementor-widget elementor-widget-text-editor\" data-id=\"39336315\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>If your total business and\/or property income exceeds \u00a350,000 &#8211; <\/strong>Making Tax Digital for Income Tax Self Assessment (MTD ITSA) will be mandatory from April 2026 for those earning over \u00a350,000. Income over \u00a330,000 follows in April 2027.<\/p><\/li><li><p><strong>This means quarterly digital submissions<\/strong> instead of one annual return. You&#8217;ll need compliant software and a clear record-keeping process in place. The time to start preparing is now, not next March.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4f50512f elementor-widget elementor-widget-heading\" data-id=\"4f50512f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">2. HMRC Compliance: Investigations on the Rise<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7ba37c9b elementor-widget elementor-widget-text-editor\" data-id=\"7ba37c9b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>HMRC collected a record \u00a341.8bn<\/strong> from tax investigations in the last reported year. Focus areas include the gig economy, property rental income, and side-hustle income not declared through Self Assessment.<\/p><\/li><li><p><strong>Online marketplaces<\/strong> (Etsy, eBay, Vinted, Airbnb) are now legally required to report seller income to HMRC. If you sell online and haven&#8217;t declared it, this is urgent.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8322199 elementor-widget elementor-widget-heading\" data-id=\"8322199\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">3. Corporation Tax: The Two-Rate System Is Now Fully Embedded<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48f438e elementor-widget elementor-widget-text-editor\" data-id=\"48f438e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>The small profits rate of 19%<\/strong> applies to companies with profits up to \u00a350,000. The main rate of 25% applies above \u00a3250,000, with marginal relief for profits in between.<\/p><\/li><li><p><strong>If you have associated companies,<\/strong> the thresholds are divided between them, meaning a company with one associate has an upper threshold of just \u00a3125,000. Many directors don&#8217;t realise this applies to them.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d91d9e1 elementor-widget elementor-widget-heading\" data-id=\"d91d9e1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">4. VAT Registration Threshold Now \u00a390,000<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7564220 elementor-widget elementor-widget-text-editor\" data-id=\"7564220\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>The VAT registration threshold increased to \u00a390,000 (from \u00a385,000)<\/strong> in April 2024, the first rise in seven years. The deregistration threshold is now \u00a388,000.<\/p><\/li><li><p><strong>If you&#8217;re approaching \u00a390,000 in turnover, <\/strong>Monitor your rolling 12-month figure carefully. Registering late carries automatic penalties, the clock starts the moment you exceed the threshold, not when you notice.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6e696e20 elementor-blockquote--skin-boxed elementor-blockquote--align-center elementor-widget elementor-widget-blockquote\" data-id=\"6e696e20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tBOTTOM LINE: MTD ITSA is the biggest structural change to how sole traders and landlords report their income in a generation. If you're in the \u00a350k+ income bracket, you have roughly 12 months to get your digital records in order. We're already helping clients transition, get in touch before it becomes urgent.\t\t\t<\/p>\n\t\t\t\t\t\t\t<div class=\"e-q-footer\">\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">MAESTRO ACCOUNTING<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-642ce4b elementor-widget elementor-widget-heading\" data-id=\"642ce4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">5. Pension &amp; ISA: Maximise Your Shelters<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f39c7bd elementor-widget elementor-widget-text-editor\" data-id=\"f39c7bd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<ul><li><p><strong>The annual pension contribution allowance remains \u00a360,000 (or 100% of earnings, whichever is lower).<\/strong> Higher and additional rate taxpayers get tax relief at their marginal rate, an extremely efficient way to reduce your bill.<\/p><\/li><li><p><strong>The ISA allowance remains \u00a320,000 per year.<\/strong> With CGT rates now higher, sheltering investment growth inside an ISA is more valuable than ever.<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-38a4ece elementor-cta--valign-middle elementor-widget__width-inherit elementor-cta--skin-classic elementor-animated-content elementor-bg-transform elementor-bg-transform-zoom-in elementor-widget elementor-widget-call-to-action\" data-id=\"38a4ece\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"call-to-action.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta\">\n\t\t\t\t\t\t\t<div class=\"elementor-cta__content\">\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<h2 class=\"elementor-cta__title elementor-cta__content-item elementor-content-item\">\n\t\t\t\t\t\tWant us to assess how these changes affect your specific situation? \t\t\t\t\t<\/h2>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-cta__button-wrapper elementor-cta__content-item elementor-content-item \">\n\t\t\t\t\t<a class=\"elementor-cta__button elementor-button elementor-size-\" href=\"#elementor-action%3Aaction%3Dpopup%3Aopen%26settings%3DeyJpZCI6IjQyODYiLCJ0b2dnbGUiOmZhbHNlLCJhbGlnbl93aXRoX3BhcmVudCI6IiJ9\">\n\t\t\t\t\t\tBook a free consultation with us\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>From MTD for Income Tax to HMRC&#8217;s increased compliance activity, these are the developments your business should be watching this quarter. We track the moving parts of UK tax and accountancy so you don&#8217;t have to. Here&#8217;s what&#8217;s caught our attention in April 2025, and why each one matters for business owners and sole traders&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":987945,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[9,11,14],"class_list":["post-987943","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financing","tag-assets","tag-financing","tag-report"],"_links":{"self":[{"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/posts\/987943","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/comments?post=987943"}],"version-history":[{"count":7,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/posts\/987943\/revisions"}],"predecessor-version":[{"id":988057,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/posts\/987943\/revisions\/988057"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/media\/987945"}],"wp:attachment":[{"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/media?parent=987943"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/categories?post=987943"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hopeful-brown-rhino.185-221-63-17.cpanel.site\/index.php\/wp-json\/wp\/v2\/tags?post=987943"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}