Latest From Mundy & Co.

Self Assessment – You Can Spread Your Tax Payments

With the festive season underway and household budgets feeling the pressure, it may be useful to know that if you are worried about paying your tax bill in one lump sum, you may be able to spread the cost. Although the deadline to file your tax return and pay any tax isn’t until 31 January […]

Self Assessment Deadline Approaching – Are You Ready?

Self Assessment Deadline Approaching – Are You Ready? The deadline for filing your 2024/25 Self Assessment tax return is fast approaching. You must submit your return and pay any tax due by 31 January 2026 to avoid penalties and interest. To meet the deadline, you will need to make sure you have: All income details, […]

Dividend Tax Rates Rising in April 2026

The recent Budget confirmed that dividend tax rates will increase from April 2026. The ordinary and upper rates of dividend tax will both rise by 2%. For many small and medium-sized companies, dividends are central to how owners pay themselves. With the tax rates rising, your pay and profit extraction strategies will likely need a […]

Autumn Budget 2025

What does it mean for your business? After weeks of speculation about what Budget 2025 would contain, the Chancellor was unexpectedly upstaged when the Office for Budget Responsibility (OBR) accidentally published their report revealing key policy measures ahead of the official announcement. Although the report was quickly withdrawn, the information had already been picked up […]

PLANNED INHERITANCE TAX RELIEF RESTRICTIONS FROM APRIL 2026

In Autumn Budget 2024, the Chancellor announced that restrictions to the amount of Agricultural Property Relief (APR) and Business Property Relief (BPR) will apply from 6 April 2026. APR and BPR currently give up to 100% relief from Inheritance Tax (IHT) on qualifying agricultural and business property.   Draft legislation for the restrictions was published […]

Tax benefits of a limited company

Tax Benefits of Running a Limited CompanyOperating through a limited company can offer significant tax advantages compared to being self-employed. From lower Corporation Tax rates to flexible ways of drawing income, there are a number of ways to structure things more efficiently. Below are five of the main tax planning opportunities available to company directors. […]

Hi All Just a quick note to let you know that Mundy & Co has moved office. We’ll be open at our new premises from today: 127 High Street, Street, BA16 0EX All other contact details remain the same. We look forward to welcoming you there soon!

📢 We’re Moving Office! We’re excited to announce that Mundy & Co. is relocating to a new office! Starting from 2 June 2025, you can find us at: 127 High Street, Street, Somerset, BA16 0EX Our team remains the same, offering the same exceptional service—just from a new location right on the High Street. Feel […]

MTD for Income Tax – FAQs

Making Tax Digital for Income Tax (MTD for IT) will be introduced from 6 April 2026. Below are some frequently asked questions and answers. Who will be affected by MTD for IT, and when? Individuals with self employment and/or income from property will need to comply with MTD for IT once they are mandated. The […]

MTD for Income Tax: Less Than a Year to Go

If you’re a sole trader or landlord with annual income over £50,000, a major change is coming your way. From 6 April 2026, you may be required to keep digital business records and submit quarterly updates to HM Revenue and Customs (HMRC) under Making Tax Digital (MTD) for Income Tax. This is one of the […]