Useful Information
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Identity Verification Roll-Out
From the 18th November 2025, all company directors and people with significant control (PSCs) will be legally required to verify their identity under the Economic Crime and Corporate Transparency Act 2023.
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Making Tax Digital (MTD)
Welcome to our guide of Making Tax Digital (MTD) for 2026.
The below is based on our interpretation of the current HMRC MTD guidance, which may change.
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Self Employment: Working For Yourself in the UK
You have decided to work for yourself, but what happens next? Read our helpful guide to all things self-employment to make sure you are fully informed on your new career journey.
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Becoming a Limited Company in the UK
You have decided to set up as a Limited Company but what happens next? Read our helpful guide to make sure you are fully informed on all to do with Limited Companies and are ticking every box!
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Should I be a Limited Company or Self Employed?
Whether you're weighing the benefits of a Limited Company or evaluating the simplicity of Self Employment, read our useful guide to provide you with clarity and guidance.
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Construction Industry Scheme (CIS)
The Construction Industry Scheme is a process that HMRC has implemented to collect tax payments from subcontractors working in the construction industry.
Frequently Asked Questions
General Accountancy
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You are totally within your rights to change accountants whenever you want. Switching to ABMV is as easy as 123.
Inform your current accountant in writing – write a formal disengagement letter to your current accountants as they will need to provide details of work they have carried out so far.
Professional clearance letter – Your new accountant will need to write to your previous accountant requesting any relevant paperwork.
Assigning authority – you will need to assign authority to your new accountants for your tax affairs so they can file returns on your behalf.
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The tax year runs from 6th April to 5th April each year.
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For the tax year 2024-2025 if you are submitting a paper tax return you must submit it by midnight on 31st October 2025 and if it’s online by midnight on 31st January 2026.
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If you are setting up as a limited company it is a legal requirement to have a business bank account. If you are a sole trader it is optional, but we would always recommend one as it's simpler to separate your personal and your business finances.
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There are many different options available. Self Employed, Sole Trader or Limited Company.
Depending on individual circumstances we can advise and guide whats right for you and your business.
Read our articles on Self Employment and Limited Companies to decide which option is best for you.
