"Chartered Accountants Weston-super-Mare"

Welcome to our latest round-up of the latest business and tax news for our clients. Please contact us if you want to talk about how these updates affect you. We are here to support you!Have a weekend Easter.Kind regards, Steve Steven Hillman BSc (Hons) FCAChartered AccountantTel: 01934 444100https://www.hillmans.co.ukMTD for Income Tax: Less Than a Year to GoIf you're a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax.This is one of the biggest shifts in Self Assessment since it was introduced, and while there are potential benefits, it will also mean significant changes in how you manage your accounts.What’s Changing?Under MTD for Income Tax, affected individuals must:Keep digital records using MTD-compatible software. Submit quarterly upd

Welcome to our latest round-up of the latest business and tax news for our clients. Please contact us if you want to talk about how these updates affect you. We are here to support you!Have a great weekend.Kind regards, Steve Steven Hillman BSc (Hons) FCAChartered AccountantTel: 01934 444100https://www.hillmans.co.ukUS Tariff Increases: 7 Concerns and What You Can Do About ThemThe US tariff saga continues to rumble on, and global markets have been tumbling. Retaliations - repeated in some cases - between certain countries and the US give more force to a growing global trade dispute.Even though the UK’s main rate is a relatively low 10% (25% on British cars) - and you might not trade with the US at all - there is growing concern about what this means for global supply chains, pricing and business confidence.What could this all mean for your business? Read on as we look at 7 areas of concern and what you can do to protect your business.1. Confidence is Falling – And