Category Archives: Making Tax Digital

HMRC is asking companies to recheck tax returns: What does it really mean?

10 min read HMRC began writing to companies and their agents with a clear message: please check your Corporation Tax return. These letters are part of HMRC’s ongoing compliance activity and are being sent where HMRC believes the Corporation Tax liability declared in a company’s most recent return looks much lower than expected when compared […]

HMRC Time to Pay explained: How to spread the cost of your tax bill legally

10 min read When your tax bill lands at the worst possible time, you are not alone in the way you feel. For many people, especially the self-employed, landlords and those with more complex finances, finding the full amount by the January deadline can feel overwhelming. The good news is that HMRC does offer support; […]

How to choose the right software for Making Tax Digital for Income Tax

10 min read If you run your own business or rent out property, you’ve probably come across the term Making Tax Digital, or MTD for short. It’s the government’s big push to move tax reporting fully online — and from April 2026, many self-employed individuals and landlords will have to use digital accounting software to […]

How to tell if a letter from HMRC is real or a scam?

10 min read Scammers are pretty smart, and they mislead people in numerous ways. One of their most favourite and popular tricks is to impersonate HMRC (His Majesty’s Revenue & Customs). Each year, thousands of people fall for their scams when they receive emails, texts, and phone calls, even letters, which are very convincing and […]

Self Assessment checklist for nursery owners and childcare providers

10 min read Running a nursery or childcare setting means wearing many hats, including a caregiver, administrator, problem-solver, and sometimes, accountant. And as tax season approaches, that last role often becomes more pressing. Whether you’re a self-employed childminder or running a larger early years setting, filing your Self Assessment tax return is a non-negotiable part of the […]

Tax changes for side hustlers: What you need to know about the £3,000 threshold

10 min read Since 6 April 2026, Making Tax Digital for Income Tax has become part of the system. If you’re self-employed or a landlord and your income goes beyond £50,000, you’re now included. For years it was something to prepare for but now it’s something to work with. The key is understanding how it […]

How to prepare for HMRC inspections as a childcare business?

10 min read Running a nursery or childcare business takes energy, care, and organisation, and that includes staying on top of your finances. Alongside daily operations, you also need to make sure you’re meeting HMRC’s requirements. HMRC inspections can happen at any time to check that your taxes are accurate, your records are in order, […]

What HMRC’s MTD for IT letters mean for your 2026 compliance

10 min read The countdown to Making Tax Digital for Income Tax (MTD for IT) is underway, and HMRC is taking a proactive approach to ensure taxpayers are well-informed and prepared for the transition. A key component of this strategy involves direct communication through targeted letters, designed to guide individuals through the upcoming changes. If […]

Golding coffee mug

Fancy a cuppa
with us?

Get in touch with Golding Accountancy for guidance on the ins and outs of accounting, taxation and financial management? Let’s hang out and chat about it – it’s on us!
PS: We love biscuits.
Or, email us at info@wearegolding.com
Or, email us at info@wearegolding.com
xero
silver partner
Certified advisor
ACCA-square 1