August - October Updates
Welcome to the Summer/Autumn updates. While many are on annual leave and the school holidays are in full swing, we will be available in the office advising of any annual leave as it is booked.
Last quarter we had many celebrations:
It was our 7 th Business birthday in June. We had a team away day at Nant Y Moor Park where we had a mini shooting competition followed by lunch together. Congratulations Brandon on winning the fun competition and cup.
Both Gareth and myself had birthdays where we celebrated in our own ways and enjoyed the wonderful sunny weather.
We are going to commit to a day once a month where we are out of the office visiting local customers in Cwmbran and Newport. The customers we visit will vary each month so that we can spend time with you properly in your setting and we will prearrange the visit with you that is convenient for you.
General Information
Companies House have now set a deadline to have your identity verified – this is 18 November 2025.
This applies to all Directors, PSC’s registered on Companies House.
Please do not ignore the letters / emails from Companies House, if in doubt please do get in touch.
Points to note:
> This process takes a few minutes
> There is no charge to complete it
> IT MUST BE DONE by the deadline
Self Assessments
From April 2026 HMRC are introducing quarterly submissions for self-employed and landlords whose combined income is over the thresholds below. This is called Making Tax Digital for Income Tax (MTD-IT). Currently Partnerships are not included in MTD-IT, PAYE income is not included in MTD-IT
Emails have been sent out advising when or if you will need to register for this
Who will this affect?
> For 2026-27 self-employed income and or rental income over £50,000
> For 2027-28 self-employed income and or rental income over £30,000
> For 2028-29 self-employed income and or rental income over £20,000
What does HMRC require?
> Quarterly Submissions for self-employment and or rental income
> These FIXED quarters will be Apr – Jun, Jul – Sep, Oct – Dec, Jan – Mar.
> The FIXED submission deadlines are 07 Aug, 07 Nov, 07 Feb, 07 May.
> This should help you save for any self-assessment tax due
> In addition, you will need to submit a full self-assessment.
What will this look like?
> Capium software for MTD-IT will be launched in a few months.
> We will contact those affected from April 2026 first with the new requirements and prices
We have identified a number of clients who no longer need a self-assessment completed. We will be contacting you individually in May 2025 regarding the next steps.
Events and Dates for your diary
Events and Dates for your diary:
August
1st August 2025 Starla Business Network for Women, Mercure Newport Hotel and guest
speaker Nicola Crawley from Inner Belief.
25th August 2025 Bank Holiday, Office is closed
September
12th September 2025 Starla Business Network for Women, Mercure Newport Hotel and guest speaker is me. Talking about Accounting for small business, how to keep it simple and clear, and an open forum around specific queries
October
3rd October 2025 Starla Business Network for Women, Mercure Newport Hotel and guest speaker is TBC
Please note that there will be a summer holiday office closure during this quarter. The dates are to
be advised.
Have a wonderful Quarter and enjoy the brighter weather.
Elizabeth C Stanley FMAAT