Blog - Holeys

07-04-2026

Making Tax Digital for Income Tax is now live – What next?

For landlords and sole traders bringing in qualifying annual income over £50,000 (not including profit or dividends), Making Tax Digital (MTD) for Income Tax is now mandatory.

07-04-2026

Close companies face additional reporting requirements

Further administrative changes are on the cards for close companies, as the Government seeks to gain a better understanding of previously difficult-to-distinguish transactions. Close companies – those

02-04-2026

HMRC confirms how sole traders and landlords can exit Making Tax Digital for Income Tax

Just days ahead of the initial phase of Making Tax Digital for Income Tax, HMRC has confirmed the exit options for sole traders and landlords who fall

01-04-2026

Only 57 per cent of UK SMEs rely on accountants – Could the rest be holding their business back?

Running your business can feel like a constant juggling act of trying to manage rising costs and staying on top of compliance. However, recent research from Wolters

26-03-2026

Has your payroll accounted for an early Easter Bank Holiday?

I am sure many of us can’t wait for the long Easter weekend to get here. If it feels like it has come early this year, you

25-03-2026

Are you paying yourself as tax efficiently as possible in 2026?

Not everyone has the freedom to decide how they are paid or to structure their income in the most tax-efficient way. So, if you do run your

19-03-2026

HMRC sets its sights on side hustlers again

More than £55 billion worth of side hustle sales data is to be handed to HMRC by platforms, as the tax authority ramps up compliance on small

18-03-2026

Why are taxpayers still ignoring the Making Tax Digital for Income Tax deadline?

The deadline for Making Tax Digital (MTD) for Income Tax is now less than three weeks away, yet the majority of affected taxpayers have still not registered.

12-03-2026

Reinvesting in your business? How rollover relief can help manage Capital Gains Tax

When a business sells an asset such as property, land or equipment, the resulting gain can trigger a Capital Gains Tax (CGT) liability. However, if the proceeds

11-03-2026

Voluntary payrolling of Benefits in Kind: How can your business prepare?

If your business offers employees perks such as company cars or private health insurance, you need to be aware of the upcoming changes to how these are

10-03-2026

Have you verified your identity? Staying compliant with Companies House changes

Since November 2025, it has become a requirement for all company directors and Persons with Significant Control (PSCs) to verify their identity with Companies House. As this

10-03-2026

Preparing your business for the rising rates of the National Minimum Wage

From April 2026, the National Minimum Wage rates will increase once again, driving up employment costs for many businesses and requiring them to review their payroll processes.