February 24, 2026
Making Tax Digital does not turn your annual tax return into four. This article explains what the quarterly updates actually are, when the deadlines fall, and why the new system is more manageable than it first sounds.
February 17, 2026
Whether MTD for Income Tax applies to you comes down to one phrase: qualifying income. This article explains what it means, why it is based on gross income rather than profit, and how to check if you are in scope.
February 11, 2026
Making Tax Digital for Income Tax arrives in April 2026 and changes the way sole traders and landlords report to HMRC. This is the introduction to our 10-part series explaining what is changing, who it affects, and what to do now.
July 29, 2025
Self-Assessment tax returns can feel like a chore, but missing the submission or payment deadlines can lead to penalties that could have been easily avoided. To help you stay informed and avoid unnecessary costs, here is a breakdown of the penalties HMRC imposes for late submissions and payments for Self-Assessment.
January 13, 2025
Small and medium-sized enterprises (SMEs) in Sutton Coldfield and the West Midlands are currently facing significant challenges due to escalating operational costs. Factors such as increased energy prices, higher wages, and supply chain disruptions are exerting pressure on local businesses, leading to concerns about sustainability and profitability.
December 1, 2024
Compliance with the UK's Generally Accepted Accounting Practice (UK GAAP) is essential for small and medium-sized enterprises (SMEs). Beyond fulfilling legal obligations, adhering to these standards enhances financial transparency, boosts stakeholder confidence, and supports long-term growth. At Daykin Scott Accountants, we specialise in helping SMEs navigate the complexities of UK GAAP. This guide will explore the key requirements, challenges, and how your business can achieve compliance with ease.
November 26, 2024
At the heart of these changes is a proposal to raise the size threshold for what qualifies as a “small company”. This adjustment means more businesses will soon fall under a less stringent reporting framework.
October 7, 2024
Daykin Scott Chartered Accountants breaks down the key differences between FRS 102 and FRS 102 1A, helping you make an informed decision that aligns with your business needs.
September 30, 2024
Daykin Scott Chartered Accountants explains the key features of FRS 105, helping you understand whether it’s the right fit for your business.
