Your First MTD Quarterly Update Is Due by 7 August 2026
Making Tax Digital for Income Tax became a legal requirement on 6 April 2026 for sole traders and landlords earning more than £50,000. The first real milestone has now arrived: your first quarterly update must reach HMRC by 7 August
Your 31 July Payment on Account: A Simple Guide for Oxfordshire Sole Traders
If you are self employed or file a Self Assessment tax return, there is a good chance you have a payment to make by 31 July. It is called a payment on account, and it catches plenty of people out
Making Tax Digital for Income Tax Is Live: The Deadlines Oxfordshire Sole Traders and Landlords Need to Know
What is Making Tax Digital for Income Tax? Making Tax Digital for Income Tax, sometimes shortened to MTD for ITSA, changes the way self-employed people and landlords report income to HMRC. Instead of one Self Assessment return at the end of
Sole Trader vs Limited Company – Which Is Best for You?
Choosing the right structure for your business is one of the most important decisions you will make. It affects how much tax you pay, how much admin you take on, and how protected you are if things go wrong. At Modus
VAT – Should Your Business Register Early?
Are there reasons why you would register before reaching this threshold?
Self-Assessment Tax Return – Top Tips
Samantha Newport, director at Modus Accountants, offers her top tips to help small businesses beat the 31 January deadline
5 Business Expenses You Might Not Know You Could Claim
Business expenses allow millions of people every year to make tax savings putting cashback into your pockets and not HMRC.
Seasonal Trading in Witney: How It Impacts Tax, Cashflow & Planning
Witney’s economy includes many businesses whose income rises and falls throughout the year. From busy weekends on Witney High Street to summer events near The Leys Recreation Ground, seasonal trading patterns are part of daily life for many local entrepreneurs. Understanding
How Business Premises in Abingdon Affect Tax & Accounting
Abingdon is one of South Oxfordshire’s most established commercial centres. With independent shops around Abingdon Market Place, growing service businesses across Abingdon Town Centre, and strong links to nearby science and technology employers, many SMEs choose to operate from physical