M-Power Finance

19/05/2026

Received a reminder from HMRC about your Self Assessment tax return?

If you’re a sole trader don’t leave it until the last minute. The deadline is 31 January 2027 — and late filing penalties can add up quickly.

At M-Power Finance, we specialise in helping sole traders and small businesses:

✔️ Prepare and file tax returns
✔️ Claim allowable expenses
✔️ Reduce tax stress and confusion
✔️ Stay compliant with HMRC
✔️ Friendly, affordable support all year round

Whether you’re a handyman, cleaner, driver, consultant, hairdresser, online seller or freelancer — we can help make tax simple.

📞 Message us today for a free initial chat and get your tax return sorted before the deadline rush begins.

21/04/2026

New Tax Year, Fresh Start! 📊✨

As we kick off a new tax year, it’s the perfect time to get organised and set your business up for success. Here are some key tasks every small limited company and sole trader should be ticking off:

✅ Review your bookkeeping system – make sure everything is accurate and up to date
✅ Set up your new year financial records (whether software or spreadsheets)
✅ Check your VAT scheme and deadlines (if applicable)
✅ Update payroll information, tax codes, and salary plans
✅ Review your business budget and cash flow forecast
✅ Plan for upcoming tax liabilities – no surprises later!
✅ Organise receipts and expense tracking for the year ahead
✅ Review pricing and profitability of your services/products
✅ Check key filing deadlines so nothing gets missed
✅ Consider tax planning opportunities early (it’s never too soon!)

Starting the year strong can save you time, stress, and money down the line.

If you need help getting everything in order, feel free to get in touch – that’s what we’re here for 👍

12/04/2026

📢 BIG Changes to Dividend Tax in 2026/27 – Are You Prepared?

At M-Power Finance, we’re making sure UK business owners stay ahead of rising tax costs 👇

🚨 Dividend Tax Rates Have Increased (From April 2026)

* Basic rate: **10.75%**
* Higher rate: **35.75%**
* Additional rate: **39.35%** ()

💷 Dividend Allowance Still Just £500
That means **more of your income is now taxable** than ever before.

📊 Why This Matters
If you’re taking dividends from your limited company:
❗ You’ll likely pay more tax
❗ Less benefit from dividend extraction
❗ Frozen thresholds = creeping into higher tax bands

💡 Reality Check
What used to be a tax-efficient strategy is now costing business owners hundreds (or thousands) more each year.

✅ What Should You Do Now?
✔ Review your salary vs dividend mix
✔ Plan ahead before year-end
✔ Get proactive with tax planning

💼 At M-Power Finance, we help small business owners stay compliant, tax-efficient, and financially confident.

📩 Drop us a message for a personalised review — and take control of your tax position today.

16/03/2026

💼 Need Help with Your Business Accounts? We’re Here to Help!

Running a business is busy enough without the stress of managing your accounts. Whether you're a sole trader just getting started or a growing limited company, our friendly and professional team is here to support you every step of the way.

✅ Self-Assessment Tax Returns
✅ Bookkeeping & Financial Records
✅ VAT Returns
✅ Year-End Accounts
✅ Limited Company Compliance
✅ Practical Advice to Help Your Business Grow

We pride ourselves on offering clear advice, reliable support, and affordable services tailored to small businesses. No confusing jargon—just straightforward accounting you can rely on.

📞 Get in touch today for a free initial chat about how we can help simplify your finances and keep your business on track.

Let us handle the numbers so you can focus on what you do best! 🚀

26/09/2025

Company Director? Are you aware of the changes?

From 18 November 2025, all company directors (and people with significant control, or PSCs) will have to verify their identity with Companies House

Here’s what you need to know 👇

✅ Who needs to do this?
• New directors (from 18 Nov 2025 onwards)
• Existing directors
• PSCs
• Anyone filing information on behalf of a company

✅ How will it happen?
• A simple online check: your passport or driving licence + a selfie/video check 📸
• Or, if you’d rather not do it yourself, your accountant or agent (if they’re an authorised provider) can handle it

✅ When does this matter?
• New directors: must verify before appointment or company incorporation after 18 Nov 2025
• Existing directors: you’ll need to verify when your next confirmation statement is filed in the 12-month transition period
• PSCs: will also have deadlines tied to either the confirmation statement or birth month, depending on if they’re also a director or not

⚠️ Why this matters
• After 18 Nov 2025, you can’t legally act as a director unless your identity is verified
• Filings by or about unverified directors may be rejected
• Penalties, fines, or even disqualification could follow

👉 What you should do right now
• Check your passport or driving licence is current
• If possible, get verified before the 18 November deadline to avoid last-minute rush
• Ask your accountant or agent if they plan to be an authorised agent (so they can verify on your behalf)

Don’t get caught out!

If you want help walking through the process (step by step), drop me a message I am happy to help you get ahead of it.

15/09/2025

Self Assessment Registration Deadline Reminder
⏰ Don’t miss the deadline! ⏰
A quick reminder that the deadline to register for Self Assessment for the tax year to 5 April 2025 is 5 October. If you’re a sole trader and haven’t registered yet, now is the time to act!
If you have any questions or need guidance, get in touch with us at M-Power Finance—your local accountant specialising in small businesses and sole traders. We’re here to help you every step of the way.
Contact: [email protected]
Make sure you’re set up in time and avoid any unnecessary stress later on!

11/09/2025

Are you a small business owner with a March year end and dreading the year-end accounts process? Let M-Power Finance, who are based in Edenbridge take the stress out of filing, so you can focus on what you do best—running your business.
• Stay compliant and avoid HMRC or Companies House penalties
• Maximise tax savings with expert advice
• Clear, jargon-free support tailored for small businesses
• All paperwork, submissions, and deadlines handled for you
Based in Edenbridge, we support local companies, sole traders, start-ups, and growing businesses. We prepare and file your statutory year-end accounts, corporation tax returns, and offer ongoing advice through the year.
Ready to breeze through year-end? Book your free consultation today—just send us a message or comment below!
Your accounts. Our priority. Stress-free, every time.

09/09/2025

Everything You Need to Know About Input VAT Reclaims and Your VAT Obligations

Everything You Need to Know About Input VAT Reclaims and Your VAT Obligations Introduction Value Added Tax (VAT) is a crucial element of the UK’s tax system, affecting businesses of all sizes. For those registered for VAT, understanding the basics of Input and Output VAT is essential for complianc...

15/08/2025

Following the announcement earlier in the year regarding upcoming changes to Companies House filing requirements, it has now been confirmed that identity verification measures will be introduced from 18 November 2025.

Following the announcement earlier in the year regarding upcoming changes to Companies House filing requirements, it has now been confirmed that identity verification measures will be introduced from 18 November 2025. From this date, compliance will be mandatory. Benefits of the new legislation incl...

11/08/2025

A director’s loan is the funds a director deposits into and takes from the business that fall outside of expense expenses, salary or dividends. Directors’ loans can be with the director lending the company money or taking money out. A record of these withdrawals and deposits are shown on a director’s loan account. This record will establish whether or not the loan account is overdrawn and will confirm the tax implications for the director and the company....

A director’s loan is the funds a director deposits into and takes from the business that fall outside of expense expenses, salary or dividends. Directors’ loans can be with the director lending the company money or taking money out. A record of these withdrawals and deposits are shown on a direc...