IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the September Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. What’s Happened Over the Summer?

• New Powers for the Water Sector
  The Water (Special Measures) Act 2025 has come into force. Regulators now have stronger oversight of water companies, including powers to ban executive bonuses in certain scenarios, require real-time monitoring of sewage outlets, and enforce penalties where standards are not met.
• Product Standards: Marketing, Metrology & Weights
  The Product Regulation and Metrology Act 2025 has been passed, covering how goods are marketed, ensuring accurate measurements, and setting standards for labelling. Businesses selling goods should review compliance requirements carefully.
• Regulatory Changes in Payments & Fraud Prevention
  • Updates to the UK’s Payment Services Regulations are in motion, with increasing momentum behind PSD3 — particularly around open banking and fraud prevention.
  • A new “failure to prevent fraud” offence took effect on 1 September 2025. Businesses must have reasonable and proportionate anti-fraud measures in place.
• Companies House: ID Verification

From 18 November 2025, new rules will require directors, People with Significant Control (PSCs), and anyone filing documents at Companies House to have their identity verified. This is designed to improve corporate transparency and prevent fraudulent activity.

• • Verification can be completed directly with Companies House or through an authorised corporate service provider.
  • At Everett King, we can handle the verification process on your behalf as an ACSP, ensuring everything is completed smoothly and correctly.
  • If you’d like us to take care of this for your business, please get in touch with Matthew Russell at matthew.russell@everettking.co.uk , or Abdi Ibrahim at abdi.ibrahim@everettking.co.uk .

2. What’s Coming Up?

• Making Tax Digital (MTD) – Stay Ahead

Even if your business is already compliant, it’s worth refreshing the essentials:

• Quarterly VAT Submissions must be made through MTD-compatible software.
• Digital record keeping is mandatory for sales, purchases, and cashbooks.
• Future rollouts are planned – including income tax and Benefits in Kind reporting – so preparing now avoids disruption later.

• Hospitality, Retail & Leisure: Business Rates Relief
  Eligible businesses will continue to benefit from the 40% rates relief for 2025–26 (capped at £110,000). If you operate pubs, restaurants, or retail spaces, this is a valuable opportunity to reduce overheads. Let us help confirm your eligibility.
• Digital Transformation & Efficiency
  AI and automation are increasingly being used in finance and legal processes. For small businesses, this can mean:

  • More affordable fixed-price compliance and payroll services.

  • Greater pressure to adopt digital record-keeping and reporting tools.

  • Opportunities to streamline operations (e.g., digital stock systems for breweries, online booking tools for hospitality, or automated invoicing for garages).

• Reducing Regulatory Burdens
  There’s growing pressure to simplify red tape for small and medium-sized enterprises. In practical terms, this could lead to:

  • Faster turnaround times on filings and approvals.

  • Fewer duplications in reporting obligations.

  • More targeted support for sectors hit hardest by rising costs, such as hospitality and retail.

3.What This Means for Our Clients?

• Review compliance and risk management: Ensure your fraud prevention, data protection, and online safety policies are up to date.

• Audit your company records: Get ahead of the November register changes by contacting matthew.russell@everettking.co.uk , to see how we can support you through the mandatory Companies House ID Verification.

• Keep an eye on costs: As legal and regulatory services move towards fixed-price models, review your options.

• Plan financial decisions carefully: With interest rates still high, exercise caution when borrowing or committing to major long-term expenses.

If any of these items could affect your business and you’d like support , from compliance reviews to preparing for new regulatory changes, we’re here to help.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

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IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the August Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. Market & Business Insights

• Resilient sectors – Despite economic challenges, some industries are thriving. Breweries, motoring services, and hospitality are proving to be strong performers. Businesses that diversify or focus on essential services are better positioned to weather uncertainty.

• Cashflow Matters – Late summer can be a tight time for cashflow. Reviewing your receivables and ensuring invoices are chased promptly can ease their pressure. A healthy cashflow today makes planning for growth tomorrow much easier.
• Digital Efficiency – Many of our clients are starting to streamline operations with digital tools. Optimise your Google listing, gather guest reviews, and promote any special offers online!

2. MTD Refresher: What Every Business Should Know

Even if your business is already MTD-compliant, it’s worth confirming these essentials:

• Ensure you’re submitting quarterly VAT via compliant softwares.

• Maintain digitally formatted records, including sales, purchases and cashbooks.
• Plan ahead: upcoming deadlines may impact sectors previously exempt, so staying proactive pays off.

Benefits for clients:

• Avoids costly penalties – Late or incorrect VAT submissions can lead to HMRC fines. Using compliant software keeps you on the right side of the rules.

• Improves accuracy – Digital record-keeping reduces errors, saving you time (and stress) during VAT periods.

• Future-proofs your business – With more areas of tax reporting moving online (such as Benefits in Kind from 2027), stayinng ahead now will make future transitions smoother and less disruptive.

3. Hospitality Sector Best Practices

To support hospitality businesses and help them stay resilient, it’s important to adapt to evolving customer expectations and manage operations proactively. Embracing contactless and mobile payment methods can improve the customer experience, while offering value-driven promotions, such as early-bird deals or end of summer packages, can attract clients during quieter months. Careful cash flow monitoring, supported by forecasting models and contingency planning, ensures seasonal fluctuations are managed effectively. Additionally, optimising your Google listing, gathering guest reviews, and promoting special offers online can help maintain visibility and drive bookings.

4. Regulatory & Public Record Updates

HMRC’s 2024–25 Annual Report outlines a strong commitment to transforming its services with an emphasis on user experience:

• 97% of Self-Assessment returns are now completed online.

• 76% of interactions are through automated or digital self-serve channels.

• HMRC is deploying new digital tools and AI to streamline services and improve response rates GOV.UK.

These changes point to a future where digital fluency isn’t just helpful—it’s essential.

5. Hospitality & Leisure Relief: Business Rates Help for 2025-26

Good news for hospitality, retail, and leisure businesses: eligible properties in England are receiving 40% business rates relief for the 2025–26 tax year, capped at £110,000 per business. Additionally, the small business rate multiplier remains frozen at 49.9p, while the standard multiplier is uprated to 55.5p GOV.UK.

** Tip:** If your business qualifies, this is a critical cost-saving opportunity. Let us know if you’d like help confirming eligibility or applying the relief.

Not a Client Yet?
If you’re not currently an Everett King client but would like support navigating these changes or exploring how we can help your business grow, please get in touch with us through this form. We’d be happy to discuss how our tailored services can benefit you.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the July Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

1. HMRC Launches New Digital PAYE Service

What’s new: HMRC’s Transformation Roadmap, unveiled on 21 July 2025, introduces a brand‑new online PAYE service for ~35 million UK employees. This enables users to check or update their income, allowances, reliefs and expenses via their Personal Tax Account or mobile app, marking a major stride toward a fully digital tax system by 2030.

Benefits for clients:

• Improved accuracy and transparency in tax affairs.

• Reduced administrative burden—HMRC projects £50 million in savings and the equivalence of 1,500 nurse-years removed from paper-based processes by 2028–29.

• Easier integration for employee agents and advisors via new digital self-serve tools.

2. New Services for Self-Assessment Users

What’s new: Ahead of the 31 July Payment on Account deadline, HMRC unveiled enhancements for Self‑Assessment users:

• Streamlined digital registration and opt‑out procedures.

• Enhanced messaging within the online service to clarify process status and reduce queries.

• Simplified online appeals for late-filing and payment penalties.

Benefits for clients:

• Easier onboarding and offboarding from Self Assessment.

• Greater clarity throughout the filing process, helping reduce stress and uncertainty.

• Quicker dispute resolution with a more intuitive appeal system.

3. Trade & Side-Hustle Tax Allowance Increases

What’s new: The UK government plans to raise the reporting threshold for trading/side-hustle income from £1,000 to £3,000, benefiting an estimated 300,000 taxpayers, ~90,000 of whom owe no tax .

Benefits for clients:

• Simplified tax obligations for casual entrepreneurs and gig-economy workers.

• Opportunity to report small-scale income via a simpler digital service instead of full Self Assessment.

Note: Changes are not yet in force—clients should continue to report income above £1,000 this tax year.

4. Regulatory & Public Record Updates

• Companies House guidance (20 July 2025) clarifies what personal data appears on the public register—directors, PSCs and others—and how to correct mistakes.

• Firms should confirm they’ve supplied accurate digital contact info, especially as HMRC and Companies House increase reliance on digital.

5. Sector Spotlight: Hospitality & Community Support

• BII’s “Stronger Together” campaign boosts pubs’ resilience, providing resources and community strategies—ideal for clients in hospitality looking to connect and recover.

• Begbies Traynor’s update: Ty Mawr care home was rescued from administration, saving local jobs and preserving frontline services.

• Clients in the care or hospitality sector can model this by leveraging advisory support and access grant or local authority-backed funding.

Not a Client Yet?
If you’re not currently an Everett King client but would like support navigating these changes or exploring how we can help your business grow, please get in touch with us through this form. We’d be happy to discuss how our tailored services can benefit you.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the June Edition for Everett King’s Newsletter
As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

HMRC Guidelines:

A record nearly 300,000 people have filed their tax return in the first week of the new tax year, almost 10 months ahead of the deadline, HM Revenue and Customs (HMRC) has revealed.

Self-Assessment customers can submit their tax return for the 2024 to 2025 tax year between 6 April 2025, the first day of the new tax year, and the deadline on 31 January 2026.

People may need to complete a tax return for the 2024 to 2025 tax year and pay any tax owed if they:

– are newly self-employed with a total income over £1,000
– are self-employed and earn below £1,000 and wish to pay Class 2 National Insurance contributions (NICs) voluntarily to protect their entitlement to state pension and certain benefits
– have received any untaxed income over £2,500
– are renting out one or more properties
– claim Child Benefit and they or their partner have an income above £60,000
– are a partner in a business partnership
– have taxable income earned from savings and investments (incl. dividend income) more than the £10,000 have dividend income of more than £10,000
– have Capital Gains Tax to pay on assets that were sold for a profit above the Capital Gains threshold
– We can help you get your tax return prepared accurately to avoid last-minute stress. Contact David Everett our Tax expert at david.everett@everettking.co.uk to get started.

Britain’s hospitality sector to save £3 million under new scheme

Pubs, cafes, restaurants and hotels across the UK will have lower energy bills thanks to a new emissions cutting trial as part of the government’s Plan for Change.

Over 600 small and medium sized hospitality businesses will receive free energy and carbon reduction assessments to cut energy costs, support productivity and boost growth.

Funded by the government and delivered by Zero Carbon Services, one of the UK’s leading net-zero advisers for the hospitality sector, the trial is expected to save businesses over £3 million. This will help pubs and restaurants to keep more money in their pockets – while allowing them to invest in jobs and continue to be the hubs of communities.

The scheme will support businesses to make cost effective changes such as fixing insulation gaps, upgrading to low energy lighting or tweaking heating settings that will add up to significant savings over the year.

Get in touch with Brian Phillips at brian.phillips@everettking.co.uk to see how these initiatives that may impact your business and guide you through financial planning.

ROLLED UP HOLIDAY PAY

Rolled up holiday pay for employees who work irregular hours, or seasonal workers who work pro-rata throughout the year.

Definition of Irregular work

– An irregular hour’s worker is someone whose working hours are variable and not fixed, often including those on zero-hours contracts or casual contracts.

Rolled-up holiday pay

– Rolled-up holiday pay is when an employer includes holiday pay in an employee’s wages, instead of paying them separately when they actually take time off.

Since 1 April 2024, employers have the option to use rolled-up holiday pay for workers with irregular hours or those who work part of the year.

If an employer decides to do this, they must:

– Calculate holiday pay at a rate of at least 12.07% of the worker’s pay in each pay period (for example, weekly or monthly).
– Pay it at the same time as normal wages for that period.
– Clearly show the holiday pay as a separate line on the payslip.
– Contract Changes

If you decide to introduce rolled-up holiday pay, you must inform staff and follow the correct process for making changes to contracts.

What happens during sickness or statutory leave?

Employees should not lose holiday pay when they are off sick or on statutory leave (such as maternity, paternity, adoption, shared parental, parental bereavement, or carer’s leave).
During these periods, employers must continue to pay an average amount of holiday pay, based on the previous 52 weeks (or however many weeks they’ve worked or received rolled-up holiday pay if less than 52).

Points to consider before using rolled-up holiday pay

Employers should carefully consider if rolled-up holiday pay is suitable for their business and employees.

It’s important to:

– Discuss it with employees (and unions, if relevant).
– Listen to any feedback or concerns.
– Check whether employment contracts need to be updated.
– If you’re considering this change or need support reviewing your payroll and contracts, Everett King is here to help. Reach out to Heather Jordan at heather.jordan@everettking.co.uk.

In Summary
At Everett King, we’re more than accountants. We’re your trusted advisors, here to help you stay informed, compliant, and ready to make the most of every opportunity.

We know that staying on top of tax updates, government schemes, and employment law changes can feel overwhelming. We’re here to make sure you feel confident and supported every step of the way.

If you have any questions or would like tailored advice for your business, please don’t hesitate to reach out. Contact us today at advice@everettking.co.uk or give us a call at: 0844 745 2077 , we’re here for you!

Warm regards,
The Everett King Team of Staff

Contact Everett King for professional advice.

Follow us here

We’re bringing you more ways to stay informed with exclusive financial insights, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.

IMPORTANT ANNOUNCEMENT to all Everett King Clients:

Welcome to the May Edition of Everett King’s Newsletter

As your trusted advisors in accountancy and stocktaking, we know how quickly the business landscape can shift, new tax rules, rising costs, evolving industries. Our job? To keep you one step ahead.

<12 Months Left: Are You Ready for Making Tax Digital?

Yep, it’s happening. From April 2026, if you’re self-employed or a landlord earning £50k+, you’ll be expected to digitally record and submit your income tax info every quarter. Under MTD, you’ll need to keep digital records and submit quarterly updates to HMRC through compatible software. For those still using spreadsheets or paper-based methods, this shift can feel overwhelming. We’re already working with clients to:

• Review and upgrade their record-keeping systems
• Recommend and implement MTD-approved software
• Provide tailored, jargon-free support throughout the process

Yes, HMRC has tools and calculators, but we know most business owners don’t have the time (or patience) to navigate them. That’s why we offer a hands-on, fully managed approach, taking the hassle out of compliance so you can stay focused on what you do best. If you’re unsure how MTD affects your business, or you’d like help getting set up before the deadline hits, let’s talk now.

Hospitality’s New Era: Challenges and Opportunities in a Changing Sector

The hospitality industry in the UK is currently straddling two realities. On the one hand, businesses are grappling with rising operational costs, staff shortages, and tighter margins. On the other hand, there are signs of resilience and growth among those willing to adapt. From our work with pubs, restaurants, and boutique hotels, we’re seeing a renewed focus on efficiency, innovation, and diversification. With increases in the National Minimum Wage and changes to employer contributions, many operators are reassessing their labour models and exploring ways to make technology work harder for them. Meanwhile, recruitment remains a hot topic, with the industry striving to attract and retain skilled professionals. Brands such as KFC are announcing major expansions, and new hospitality ventures are opening in cities and towns across the country. It’s clear that with the right planning, hospitality businesses can weather this period and come out stronger. If you’re wondering how to improve profitability, manage cost pressures, or reposition your offer, our team is ready to help. From cash flow forecasting to digital tools and business planning, we’re here to provide hands-on support.

Navigating New Regulations for Landlords

Being a landlord in today’s market is becoming increasingly complex. With new regulations on the horizon. Staying compliant isn’t just recommended, it’s essential. These changes can quickly erode profitability if not managed properly, particularly for those with larger or more diverse portfolios. At Everett King, we work closely with landlords to stay ahead of these developments. Whether it’s reviewing your current property structure, helping you prepare for higher tax burdens, or ensuring your practices meet the latest legal requirements, our goal is simple: protect your investment and keep your income flowing smoothly. If you’d like a proactive review of your portfolio or tailored tax planning advice, we’re here to help.

Adapting to the Decline in the Night-Time Economy

The UK’s night-time economy is undergoing a dramatic shift. Younger consumers are choosing earlier evenings over late nights, and the impact is being felt across pubs, clubs, and entertainment venues. With the number of UK nightclubs dropping from 1,700 in 2013 to just 787 by mid-2024. While factors like the pandemic and rising operational costs have played a part, this trend also reflects deeper changes in lifestyle and social habits. At Everett King, we’re helping hospitality and entertainment clients not just whether this shift but strategically respond to it. Our financial planning support can help you restructure operations, control costs, and preserve cash flow, while our diversification strategies explore new revenue models tailored to today’s consumer behaviour. If the night-time downturn is affecting your business, let’s talk about adapting for long-term sustainability.

Warm regards,

The Everett King Team of Staff

Contact Everett King for professional advice. Follow Us on Instagram @EverettKing_EK 

We’re bringing you more ways to stay informed with exclusive financial insights, podcasts, reels, and direct links to our expert resources! Be ready for a more interactive experience and never miss a key update again.