Modern accounting software can give business owners access to financial information almost instantly. That does not necessarily mean they are looking at the right information.A dashboard containing turnover, bank balance and profit can be useful, but these figures may tell only part of the story.Consider a business where sales have increased by 10%. That sounds…
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Tax diary October/November 2026
1 October 2026 - Corporation Tax payment is due for companies with an accounting period ending 31 December 2025, unless the company is required to make quarterly instalment payments.5 October 2026 - Deadline for notifying HMRC of a new liability to Income Tax or Capital Gains Tax for the 2025-26 tax year. This may include…
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UK employers with overseas employees
UK employers with employees who normally work overseas may have PAYE and National Insurance obligations when those employees come to the UK to carry out their duties in the UK on a short-term basis.Employers should consider the position whenever an overseas employee visits the UK to work. The fact that the employee remains employed and…
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HMRC sending 1.8m Simple Assessment letters
Some taxpayers have already started to receive Simple Assessment letters from HMRC for the 2025-26 tax year, with a further tranche due to be sent between October and December 2026.Simple Assessment is used where HMRC cannot collect income tax through PAYE or self-assessment. The PA302 letter sets out HMRC's calculation of the tax due, based…
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