One Two One Accounts Ltd

19/06/2026

Changes are coming to self-assessment tax returns from the 2025/26 tax year. 📋

HMRC is introducing new reporting requirements for self-employed individuals and directors of close companies, meaning additional information will need to be included on tax returns.

This could include details such as trade start and end dates, close company information, dividend income received, and percentage shareholdings.

While the changes aim to improve accuracy and compliance, they may increase the administrative burden for some taxpayers. Keeping your records accurate and up to date will be more important than ever.

At One Two One Accounts, we help business owners and directors stay compliant and prepared for HMRC reporting changes.

If you're unsure how these new rules could affect you, get in touch with our team today.

17/06/2026

We’re delighted to be recruiting for an experienced Client Accountant to join our team. 🙌

This opportunity is ideal for someone who enjoys working closely with clients, delivering proactive accountancy support, providing practical business advice and building trusted, long-term relationships.

In this role, you'll manage your own portfolio of clients, prepare accounts and tax returns, complete bookkeeping and VAT returns, and provide practical advice to support a range of businesses.

You'll also work with leading cloud accounting software, including Xero, Sage, QuickBooks and FreeAgent.

The ideal candidate will have accountancy practice experience, strong accounting and tax knowledge, excellent communication skills and a passion for delivering outstanding client service.

If you'd like to join a friendly, professional team where your expertise can make a real difference to clients, we'd love to hear from you.

Please send your CV to [email protected].

16/06/2026

Payroll headaches? Hand them over to the experts. 🧠

For a lot of SMEs, payroll is one of those essential tasks that takes up more time and effort than you’d expect. Between the changing regulations and deadlines, it can quickly leave your resources stretched thin.

By outsourcing your payroll, you can free up that time to focus on running your business while gaining the reassurance that your payroll is being handled accurately.

Our locally based team can help reduce admin burdens, minimise the risk of HMRC penalties, and give you guidance on tax regulations and employee benefits. You'll also avoid the cost and hassle of investing in payroll software and keeping it up to date.

Looking for a simpler way to manage payroll? Get in touch with the team today. 💬

11/06/2026

11/06/2026

For many SMEs, managing finances is becoming increasingly complex. 📊

With evolving tax legislation, growing compliance requirements and the continued rollout of Making Tax Digital, keeping on top of your finances now requires more time and expertise than ever before.

As a result, more businesses are choosing to outsource their accountancy support.

Working with an experienced accountant can help businesses stay compliant, improve financial visibility, reduce administrative pressures and make more informed decisions based on accurate financial information.

Accountancy support is about far more than annual accounts and tax returns. Having access to ongoing advice and expertise can help businesses plan with confidence, manage cash flow more effectively and focus on what matters most – running and growing their business.

At One Two One Accounts, we work alongside businesses across the North East, providing practical support and tailored advice to help them stay organised, compliant and financially confident.

If you'd like to find out how we can support your business, get in touch with our team today.

09/06/2026

The short answer is yes, technically you can. But should you?

If you aren't constantly up to date with changing tax rules, you’re fighting a losing battle, and the risk of penalties is inevitable.

My focus is on making sure your system actually works for you. I start by helping you select and set up the right HMRC-compatible software and making sure all the digital links are properly connected from day one.

I also look after day-to-day data entry and reconciliation, so your records are accurate and ready whenever a deadline rolls around. Most importantly, I use an exclusive HMRC Agent Services portal that is out of the reach of business owners, meaning I get direct access to management of submissions, live tax status, and software glitches.

This is extremely valuable to you as a business owner to make sure you're claiming the right expenses and staying fully compliant with HMRC rules.

I'm here to handle the background admin and catch any potential errors before they cause issues, so you don’t have to. That’s why I believe business owners should avoid DIY Making Tax Digital; so you can focus entirely on your passion.

~ Gemma

05/06/2026

HMRC has recently reminded businesses to check whether they need to register for VAT. 📩

If your taxable turnover has exceeded £90,000 in the last 12 months, or is expected to in the next 30 days, you may need to register.

Delaying registration could lead to backdated VAT, interest, and penalties. However, exceeding the threshold does not automatically mean VAT registration is required, as some income may be exempt or outside the scope of VAT.

If you've received a letter from HMRC or are unsure of your VAT position, it's important to seek advice before acting.

At One Two One Accounts, we can help you understand your VAT obligations, stay compliant, and avoid unnecessary penalties. ✅

03/06/2026

HMRC has announced an increase to the Approved Mileage Allowance Payments (AMAP) rate, rising to 55p per mile for the first 10,000 business miles travelled. 🚗

The change has been backdated to 6th April 2026 and marks the first increase in the mileage allowance rate in 15 years.

For business owners, limited company directors, and sole traders using their own vehicles for work, this update could make a noticeable difference when claiming business mileage relief or reimbursing employees.

The increase reflects the rising costs associated with running a vehicle, including fuel, maintenance, and insurance, while also helping businesses and individuals claim tax-efficient allowances more accurately.

Staying up to date with changes like these is important for ensuring expense claims remain compliant and that businesses are not missing out on available reliefs.

If you’re unsure how the updated mileage rates apply to your business or would like support reviewing your expenses and allowances, our team is here to help. Get in touch today.

29/05/2026

Making Tax Digital is changing the way sole traders manage their accounts. 💻

As of April 2026, many sole traders and landlords need to keep digital records and submit quarterly updates to HMRC under Making Tax Digital (MTD).

That means moving away from the traditional once-a-year tax return approach and staying on top of bookkeeping throughout the year. For businesses still relying on spreadsheets, paper receipts, or last-minute admin, the changes could feel significant.

Getting prepared early can make a huge difference. Using compatible software, keeping accurate records, and having the right accounting support in place can help reduce stress, avoid penalties, and keep your business running smoothly.

At One Two One Accounts, we help sole traders stay organised, compliant, and confident as MTD continues to roll out. Read our latest blog to find out what the changes mean for your business and how to prepare. 📖

26/05/2026

This September, our very own Gemma Forbes is lacing up her running shoes to take on the Great North Run in support of Alzheimer's Research UK . 👟🧡

Taking on 13.1 miles is no small challenge, but it’s all for an incredible cause that supports individuals and families affected by dementia every day.

We’re incredibly proud of Gemma for stepping up, putting in the training, and raising money for such an important charity.

If you’d like to support her fundraising efforts, you can donate here: https://tinyurl.com/gemmafundraising

Good luck, Gemma. We’ll be cheering you on! 🙌