Secure Accounts Limited

Just a little 💭

For the attention of

Accountants
Book Keepers
Payroll specialists
Businesses

We are not allowed to register for PAYE before 30 days of the first payroll

By the time we register it takes well over 1️⃣ month for a

PAYE Reference

&

Accounts Office Reference

To be issued

It usually means that by the time the first payroll has been completed

It is technically late and then an appeal has to be made for late filing 😯

If anyone works for HMRC in this group if this issue can be reviewed urgently

Companies House

April 2028

- Paper and Web filing for Accounts Submission to companies house will no longer be available

- Audit Exempt Statement to be noted thoroughly

- Micro and Small Entity expected to disclose Profit and Loss by default, however they can opt out

- Shortening the Year End will be restricted to only a certain amount of times

It is probably advisable to start to consider and being prepared to use an Accountant for future Legal Compliance and Submissions

Secure Accounts LTD

General Accountancy Services
Secure Accounts Limited
www.secureaccountsltd.co.uk

Serve clients throughout the 🇬🇧 and Regulated by ACCA

Free initial
Consultation

Please feel free to reach out by DM or a phone call 📞 01212852534

Thank you

Secure Accounts Ltd

* Accounts
* Self Assessment Tax Returns
* Corporation Tax Returns
* Company Incorporation
*VAT
* Payroll
* Book keeping

Secure Accounts Limited | Accountant Services | Birmingham Are you looking for the best accountant service in Birmingham? Secure Accounts Limited is here to assist you. We offer the best accountant services, such as payroll, bookkeeping, and more.

Important Message and Reminder to

Accountants
Bookkeepers
Tax Agents

Tax advisers: check if you need to register under new rules A new registration requirement for tax advisers, who are paid to interact with HM Revenue and Customs (HMRC) on behalf of clients, rolls out online from...

Urgent Reminder ‼️

Based on your Gross Income of TR 24/25 as a

Landlord

Self employed

Or

Combined

MTD will apply for
This tax year where Quarterly Reporting is required

1️⃣ month has gone by

If you have still not setup and updating information from 6 April 2026 onwards

I would advise to reach out to an expert

We are connected with Accountants and Bookkeepers around 🇬🇧 who can assist with your case

Shaz

Landlords

With over 10 years experience in Self-Managing

We are offering a service for £120 to include 👇

Mandatory Landlord Checklists

Questionnaire for potential tenants

Guidance on RRA

Tenancy agreement

The 👆 + a one-off phone call to discuss any matters

Thank you

Shaz

Let Property Campaign

HMRC a few years ago gave Landlords the Opportunity to come forward and register to declare undisclosed rental profits

They targeted the West Midlands but have since targeted the other areas

HMRC will consider not charging penalties if a Landlord comes forward and registers on their own or appoints an Accountant to register and file on their behalf

There are penalties applied where HMRC reaches out to the Landlord to make a Full Disclosure

Please note if the rental profit is below £1,000 or if there are rental losses each year then a disclosure is not required

It is advisable, however, to keep records for everything and be aware that some costs may in fact be more “Capital” in nature rather than “Revenue”

We would advise all of the Landlords to come forward who are not declaring their rental profits

Rental profits are non-savings income
And will be taxed at 20%~40%~45% depending on the combined income of the other sources

Please note from April 2027 the rate will be 22%~42%~47%

If there is any tax due then HMRC will expect

Tax
Late interest on tax

To be arranged immediately, although if it is a large sum they may allow a payment plan but that will be at their discretion

The most important part of all of this is to have all of the records available eg.

Rental income receipts
Expenses
Bank statements

If there is no supporting documents available, HMRC allows £1,000 expense allowance to be claimed each year

MTD
There are many individuals/Landlords and sole traders who are still enquiring into MTD Software

Date 19/4/26

MTD started 5/4/26

1st Submission is by 7/8/26

However, it does
Not mean that the completion and work should be ✔️ then closer to the date

From
The date of your Gross turnover is expected to be over £50,000 should you start

Keeping digital records

And using ideally a cloud software (not mandatory)

Or

Excel (With bridging software)

If you are interested, we can discuss a range of softwares that are available and even recommend Accountants closer to you in location

Reminder
MTD is mandatory

April 2026 > £50k
April 2027 > £30k
April 2028 > £20k

HMRC Self-Assessment Tax Return 2025-2026

Just in case it has been not made clear to 👇

Individuals
Accountants
Book keepers
Tax Advisors

HMRC expects individuals to provide further information ℹ️ in the employment section

This is probably something that applies to SME Owner Manger businesses where usually the

Director (s)/Shareholder (s) is the same person or people

We need to ensure that we provide as much and accurate information as much possible

Social Media Advice

We try to never name and shame anyone

We also try not to refer to any specific platform but if you use such a platform
Then you would know

We are witnessing an ever growing number of people posting ❌ advice

A ) Either guessing

B ) Referring to ❌ source

C ) Use of AI/Chatgpt which, either ❌ or outdated information

Questions are asked in different groups usually in this case “CGT” in a Landlord Group

What was 😯 nearly every figure/threshold/calculation/rate was ❌

Please protect yourself by either

1 ) Finding a local expert for advice and guidance

Or

2) Find and Appoint someone online but someone who is

Qualified
Experienced
Regulated

In their field

* Uk Based sale of residential let property