SimpleBooks

Accountants: “MTD is coming…”
Everyone else: “Yeah yeah, whatever.”

Fast forward a few years…

Martin Lewis mentions it once and suddenly:
“WAIT… THIS IS SERIOUS?!”

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So… what’s actually happening?

Here’s the simple, jargon-free version:

If you’re a landlord
OR
You earn over £50,000 (that’s turnover, not profit)

You’ll soon need to submit your tax information every 3 months under Making Tax Digital (MTD).

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The important date

Your next quarterly update is due:
7 August 2026

That’s not a “future you” problem anymore.

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# # # Thinking of doing it yourself?

Of course you can…

You can also cut your own hair.
You can assemble IKEA furniture without swearing.
You can read HMRC guidance for fun.

But should you?

MTD means:

• Keeping digital records
• Using approved software
• Submitting updates regularly (no more last‑minute panic)

Miss it or get it wrong and you’re looking at penalties, stress, and regret.

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The smarter way

If you don’t want your life turning into a spreadsheet nightmare:

• Get proper accounting software
• Get an accountant or bookkeeper who actually knows it
• And most importantly, someone who will make sure you use it properly

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Need help?

If you’re thinking:
“Yeah… I probably shouldn’t wing this…”

Have a chat with SimpleBooks (www.simplebook.co.uk)

No pressure.
No confusing jargon.
Just straightforward, practical help.

A quick chat now means fewer headaches later.

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Final reality check

Accountants have been warning about this for years.

But now that deadlines and headlines are lining up, this is becoming real life — not something to deal with “later.”

Don’t wait until August to panic.

IS IT TIME TO HIRE OR FIRE STAFF?

With rising national insurance, planning for Payroll for 2025-2026 has become the hot cakes for staying in business?

Don’t Forget Employer National Insurance! If you pay your workers more than £96 per week or £417 per month, you’ll need to budget for Employer National Insurance contributions.

In the long run, payroll costs can add up to £15-£20 per hour for each worker, so it’s essential to plan ahead and manage your budget wisely.

Hiring more employees working less hours might be a solution? Or hiring anyone below 21 will cost you ZERO national insurance. Which option is more practical.

Need help setting up payroll or planning your finances? SimpleBooks is your one-stop solution. Let’s get your payroll sorted efficiently! Contact us for a free consultation www.simplebook.co.uk

🚨 Attention NHS Staff, Healthcare Workers, and Agency Professionals! 🚨

If you are a doctor, nurse, NHS consultant, or work with a nursing agency, it’s crucial to check whether you are being paid through a tax avoidance scheme.

🔎 Why is this important?
HMRC has revoked certain tax schemes that were promoted as a way to reduce tax payments. However, these schemes are now under investigation, and HMRC is taking action against those who have used them—including potential demands for unpaid taxes.

✅ What should you do?
1️⃣ Check if you have been dealing with these companies by reviewing the HMRC list here: HMRC Named Tax Avoidance Schemes (https://www.gov.uk/government/publications/named-tax-avoidance-schemes-promoters-enablers-and-suppliers/current-list-of-named-tax-avoidance-schemes-promoters-enablers-and-suppliers)

2️⃣ Speak to your accountant or financial advisor immediately if you suspect you have been paid through one of these schemes.

3️⃣ Act now to avoid future penalties and ensure you are tax-compliant.

💡 Remember: If something sounds too good to be true, it probably is! Protect yourself and your finances by staying informed and compliant with UK tax regulations.

Need tax help? Find an expert today! 💼✨
Do you have a business question/problem and cannot figure out how to go about it? Give us a buzz
www.simplebook.co.uk

Do you need free accounting software to keep your records? If you bank with Natwest or Mettle, it is free
https://www.freeagent.com/accountants/invite/simplebooks1

Why You (Yes, YOU!) Shouldn’t Do Your Own Tax Planning – Stick to What You Do Best!

Listen up, business owners! Whether you're a hairdresser, beautician, nutritionist, or social media influencer, your magic lies in making people look good, feel great, and live better—not in crunching numbers and battling tax codes.

Sure, you could spend hours trying to decode tax laws, watching boring YouTube tutorials, and hoping you don’t mess up a decimal somewhere. But why? Would you trust your accountant to give you a balayage? Or let them run your Instagram page and expect viral content? Would you let them fix your roof just because they own a drill? (I really hope your answer is no!)

Here’s why tax planning isn’t your job (and why seeking professional advice is the best business decision you’ll make this year):

🚫 Tax Laws Change Constantly – Just when you think you've figured out deductions, BOOM! A new rule drops. Tax professionals live and breathe these updates, so you don’t have to.

⏳ Your Time is Money – Every minute spent stressing over tax paperwork is a minute you *could* be using to book more clients, create more content, or grow your business.

💰 You Might Be Leaving Money on the Table – A tax pro knows all the hidden deductions, loopholes, and strategies to legally reduce your tax bill. More money in your pocket = more investments in your business!

😰 No More Tax-Time Panic – Forget last-minute scrambling, misplaced receipts, and the dreaded "Did I do this right?" Tax professionals take the stress off your shoulders, so you can focus on what you do best.

At the end of the day, your business thrives when you pour your energy into your craft, clients, and creativity—not tax forms. So, let the experts handle your tax planning, and you keep making magic happen in your industry.

🔹 Do what you do best. Let the pros handle the rest! (And please, don’t let your accountant fix your roof.) 🔹

Ready to level up your business (without tax headaches)?
Find a tax expert today! 💼📊✨

Do you have a business question/problem and cannot figure out how to go about it? Give us a buzz
www.simplebook.co.uk

Do you need free accounting software to keep your records? If you bank with Natwest or Mettle, it is free
https://www.freeagent.com/accountants/invite/simplebooks1

#

Is Getting Married a Good Business Decision? 🤔💍

Love, romance, and... tax benefits? That’s right! If you’re legally married in the UK, you might just have a financial edge over your single (or unofficially married) friends.

The Tax Perks of Saying "I Do"

When you’re legally married, your spouse (heaven forbid) heads to the afterlife, and you inherit their assets, you might be able to do so tax-free. No inheritance tax, no sneaky HMRC surprises—just a straightforward transfer of wealth.

But if you’re merely living together or have a marriage that isn’t registered in the UK (looking at you, religious marriages), it’s a whole different story. Your partner’s assets will be hit with the full force of inheritance tax before they ever reach you. And yes, this includes things like pension pots—ouch!

"It Depends" – The Magic Words of Tax Planning

Of course, nothing in tax law is ever that simple. There are always nuances, conditions, and loopholes (some fun, some frustrating). That’s why it’s always best to talk to a professional about tax planning—not Chad the Blog Buster from the internet. (Sorry, Chad.)

So, is marriage a good business decision? Maybe not for lovebirds who thrive on independence. But for those who enjoy a good tax break? Well, let’s just say wedding bells might have a nice financial ring to them! 🔔💰

https://www.gov.uk/inheritance-tax

Do you have a business question/problem and cannot figure out how to go about it? Give us a buzz
www.simplebook.co.uk

Do you need free accounting software to keep your records? If you bank with Natwest or Mettle, it is free
https://www.freeagent.com/accountants/invite/simplebooks1

#

Did you use your bounce-back loans for business or .....

🚧Slough’s Shortest-Lived Construction Boom 🏗️💸

Arti Deda built… well, not much. But he did construct a solid fraud case! The director of a construction company that barely filed accounts (once in 2018) managed to land £100,000 in bounce-back loans before pulling the ultimate disappearing act—liquidating the business while still owing HMRC £300,000.

Turns out, Knights Workers Limited wasn’t building houses—just a house of cards. 🃏🏠 Now, Deda’s next project? Two and a half years behind bars. 🚔🔒

Moral of the story: If you're gonna commit fraud, at least keep your receipts. 📜😂

https://www.gov.uk/government/publications/fact-sheet-bounce-back-loans/fact-sheet-bounce-back-loans

Do you have a business question/problem and cannot figure out how to go about it? Give us a buzz
www.simplebook.co.uk

Do you need free accounting software to keep your records? If you bank with Natwest or Mettle, it is free
https://www.freeagent.com/accountants/invite/simplebooks1

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HMRC SCAMS
Are you a victim? Have you received an email from HMRC like below or similar? Do not reply to the email and if there is a number, do not call them.
Report them to the following:

https://www.gov.uk/government/organisations/hm-revenue-customs/contact/reporting-fraudulent-emails

If you are unsure, contact your finance advisor or accountant for peace of mind.

Do you have a business question/problem and cannot figure out how to go about it? Give us a buzz
www.simplebook.co.uk

Do you need free accounting software to keep your records? If you bank with Natwest or Mettle, it is free
https://www.freeagent.com/accountants/invite/simplebooks1