Accountants in St. Oswald's Drive

Plenty of people incorporate too early because it "sounds established", then pay for accounts, confirmation statements and payroll they didn't need. The switch pays for itself at the right profit level — the trick is knowing yours.

Most HMRC letters are routine — a statement, a code change, a reminder. The rule is simple: never ignore one, and never panic over one. Forwarded to your accountant the day it arrives, almost every letter is a five-minute job.

MTD for Income Tax starts with the £50,000+ income group in April 2026, with lower bands following. Quarterly digital updates sound worse than they are — with software doing the bookkeeping, the quarters largely take care of themselves.

Every tax bill is predictable months in advance — which makes tax the most plannable cost a business has. A separate tax savings account, fed a fixed percentage of every sale, converts January from a crisis into a transfer.

Ask any prospective accountant two questions: "what's included in the fee?" and "what costs extra?" The quality of those two answers predicts the whole relationship.

Since Section 24, individual landlords can't deduct mortgage interest as an expense — it's a 20% tax credit instead, which pushes some higher-rate landlords into surprising bills. Whether to hold property personally or through a company is now a genuine question with genuine trade-offs.

If you contract through your own limited company, IR35 asks whether you'd be an employee without it. For medium and large clients, the status decision is theirs; for small clients, it's still yours — and getting it wrong in either direction costs money.

Changing accountant mid-year is routine: you authorise the new firm, we write a professional clearance letter to the old one, records transfer, and HMRC authorisation moves online. Clients are usually surprised the whole thing needs almost nothing from them.