A&MPG Blog

The deadline for filing your 2025 to 2026 Self Assessment tax return online is 11:59pm on Sunday 31 January 2027. It's also the day any tax you owe has to be paid. Every year, thousands of people leave it until the last week and end up stressed, short of paperwork or paying a penalty. This checklist will help you get it done in good time. Key Self Assessment dates for 2025 to 2026 5 October 2026: deadline to register for Self Assessment if you're filing for the first time (no

If you're a sole trader or a landlord, the way you report your income to HMRC is changing. Making Tax Digital for Income Tax (often shortened to MTD) has already started for people with the highest incomes, and from 6 April 2027 it will apply to many more self-employed people and landlords. Here's what you need to know, in plain English, and what you can do now to get ready. What is Making Tax Digital for Income Tax? Instead of pulling everything together once a year for your

These days you can find an accountant anywhere. Online firms promise low monthly fees, apps claim to do your tax for you, and big national practices advertise everywhere. So why do so many Sheffield businesses and landlords still choose a local accountant? Here are some of the reasons. 1. You know who you're dealing with With many online and larger firms, you're assigned an account manager who may change from one year to the next, or you're passed between a helpdesk and a tea

"Should I go limited?" is a question we're asked a lot. There's no single right answer. It depends on how much you earn, what you plan to do with the profits, and how much paperwork you're happy with. Here's a plain-English look at the differences to help you decide. Being a sole trader As a sole trader, you and your business are legally the same. You register with HMRC for Self Assessment, keep records of your income and expenses, and pay Income Tax and National Insurance on