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Blogs, News and Reviews
Welcome to our blog, where we share practical insights, timely updates, and expert guidance to help you stay informed and confident in your financial decisions. Whether you’re a small business owner, a growing company, or simply looking to understand your obligations a little better, our aim is to provide clear, useful and trustworthy advice.
All Posts
How Do I File Self-Assessment Tax Returns for My Small Business in the UK?
Filing your Self-Assessment tax return can seem daunting, particularly if you are new to running a small business in the UK. However, with the right guidance and understanding of the process, it becomes a manageable task that ensures you remain compliant with HMRC requirements. This comprehensive guide will walk you through everything you need to know about filing Self-Assessment tax returns for your small business. Who Needs to File a Self-Assessment Tax Return ? If you op
6 days ago7 min read
Annual Company Filings – A Legal Requirement for All UK Companies
Why Every UK Company Must File Annual Returns – Even When Not Trading If you own a UK limited company, whether it is actively trading or lying dormant, you have a legal obligation to file statutory documents with Companies House every year. Many business owners mistakenly believe that if their company is not trading, they can simply "pause" their filing obligations. This is incorrect and can lead to serious consequences, including penalties and the involuntary dissolution of
Dec 17, 20254 min read
What is a UTR Number and How Do You Get One?
If you are self-employed, running a limited company, or need to complete a Self Assessment tax return, you will need a Unique Taxpayer Reference (UTR) number. This essential 10-digit identifier is used by HM Revenue & Customs (HMRC) to track your tax affairs and ensure you are meeting your obligations. At Barnett & Co Accountants in Crewe, we regularly assist clients with obtaining their UTR numbers and understanding how they work. In this comprehensive guide, we explain ever
Dec 2, 20255 min read
VAT Registration: A Complete Guide for UK Businesses in 2024/25
c VAT registration guide UK 2024 - Barnett and Co Accountants Value Added Tax (VAT) is one of the most important taxes affecting UK businesses, yet many business owners are unclear about when they need to register and what their obligations are. With the VAT registration threshold increasing to £90,000 in April 2024, understanding your VAT obligations has never been more important. At Barnett & Co Accountants , we regularly help clients navigate VAT registration, and we have
Nov 25, 20254 min read
Don't Miss the Self Assessment Deadline: Understanding the Consequences of Late Filing
The Self Assessment tax return deadline is one of the most important dates in the financial calendar for millions of UK taxpayers. Whether you're self-employed, a landlord, or have multiple income streams, understanding this deadline and the implications of missing it is crucial for your financial wellbeing. Key Dates to Remember The deadline for filing your Self Assessment tax return online is 31st January following the end of the tax year (which runs from 6th April to 5th
Nov 20, 20254 min read
Making Tax Digital for Self-Employed: What You Need to Know
If you're self-employed, you've likely heard about Making Tax Digital (MTD) and may be wondering what it means for you and your business. At Barnett & Co Accountants, we understand that navigating new tax requirements can feel overwhelming, which is why we've put together this comprehensive guide to help you understand everything you need to know about MTD for the self-employed. What is Making Tax Digital? Making Tax Digital is HMRC's initiative to transform the UK tax system
Nov 19, 20257 min read
New Era, New Rules: Mandatory Companies House ID Verification is Here – Are You Ready?
UK Passport for ID Verification Today, 18th November 2025 , marks a pivotal moment for all UK companies. The new mandatory identity verification requirements for company directors and People with Significant Control (PSCs) have officially come into force under the Economic Crime and Corporate Transparency Act 2023 (ECCTA). For businesses, this is not just another administrative task; it is a fundamental shift in how we establish and maintain trust in the UK corporate landscap
Nov 18, 20253 min read
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