Watson Knipe Blog

We have written several articles about Making Tax Digital, but we wanted to share this as a reminder for businesses preparing for MTD in the next financial year. Making Tax Digital (MTD) is changing the way self-employed businesses manage and report their financial information to HMRC.

We often get asked this question, so we wrote an article explaining how long you need to keep paperwork for tax purposes. Running a business comes with plenty of paperwork. Even with more accounting records now stored digitally, it is important to know what you need to keep and, importantly, how long to keep it.

For many small business owners, bookkeeping is one of those jobs that can easily get pushed to the bottom of the list. When you are busy looking after customers, finding new business and managing your day-to-day workload, updating spreadsheets and sorting receipts is unlikely to be a priority.

When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.

Building a successful property portfolio is about much more than finding the right investment. Landlords and property investors face a wide range of decisions throughout their journey, from securing the right finance and choosing the most tax-efficient structure to managing tenants and ensuring properties continue to deliver a strong return.

If you are self-employed or receive rental income from property, you may have come across the term 'Payments on Account' (PoA). It often causes confusion, particularly for people completing their Self-Assessment tax return for the first time.

This is a summary of the latest UK House Price Index as published by Zoopla in June 2026. It shows that the property market is beginning to slow, but there are still opportunities for landlords and property investors who understand their local market. While higher mortgage rates and economic uncertainty have reduced buyer activity across the UK, the East Midlands remains resilient.

Many business owners think business plans are only needed when starting a new business or applying for a bank loan. A business plan is one of the most valuable tools for any established business that wants to grow, invest or prepare for the future.

For many growing businesses, leasing commercial premises is an exciting milestone. Perhaps you have outgrown the kitchen table, your team is working remotely and would benefit from collaborating in one place, or you are planning to recruit more staff and need room to grow.

As tax rules for landlords have evolved in recent years, many property investors have explored alternative ways to structure their portfolios. One option that has become increasingly popular is to purchase and hold property through a Special Purpose Vehicle (SPV).

For individuals looking to invest in growing businesses, the Enterprise Investment Scheme (EIS) can offer an attractive combination of investment opportunity and valuable tax reliefs. Introduced by the UK Government in 1994, the scheme was designed to encourage investment in smaller, higher-risk companies by offering investors a range of tax benefits.

National Insurance (NI) is a tax that helps fund state benefits, including the State Pension. The rules can sometimes feel complicated, but understanding the basics can help you plan and avoid surprises.

The latest insights from the Zoopla House Price Index provide a useful snapshot for landlords and property investors, particularly those operating across Nottingham, Derby and the wider East Midlands. While the national picture remains relatively stable, some clear regional dynamics present both opportunities and risks.

Making Tax Digital (MTD) is no longer a future concept. For many self-employed individuals and landlords, it is now a present reality. As we move closer to the first quarterly submission deadline, the focus has shifted from awareness to action. At Watson Knipe, the approach has been simple: don’t wait for change to happen, get ahead of it.

Starting a business is an exciting milestone, often driven by passion, ambition, and the desire to build something of your own. However, without the right financial foundations in place, even the strongest ideas can struggle to gain traction. At Watson Knipe, we consistently see that early-stage decisions have a lasting impact on long-term success.

As the financial year draws to a close, it’s a good time for self-employed businesses to take stock and position themselves strongly for the year ahead. A planned approach at this stage could create a meaningful difference to both your tax position and your overall financial understanding.

From 1 May 2026, the Renters' Rights Act 2025 will come into force, introducing a fundamental change in how residential tenancies operate in England. For landlords, this is not simply a compliance exercise. It denotes a transition to a more regulated, process-driven operating environment.

We offer accountancy services to businesses of all sizes, which include support with statutory accounts. If you are a private limited company, as part of financial governance and compliance, you must prepare statutory accounts.

The Spring Statement 2026, delivered by Rachel Reeves, focused on economic stability, steady growth and restoring confidence across the UK economy.  While the Statement did not introduce major new tax measures, it set the financial and policy direction that directly affects business planning, property investment decisions and landlord strategy over the coming years.

The latest data from Zoopla, published in February 2026, shows a steady housing market. House price growth remains modest, supply levels are rising, and affordability dynamics are shifting.