Jerelyn Aglibao

Running a UK business means staying on top of your financial records. HMRC requires you to keep certain documents to prove your income, expenses, and taxes. Failing to keep the right records can lead to penalties or complications when it comes to filing your tax returns. Keeping records for HMRC might sound overwhelming, but it doesn’t have to be. At DUO Accountants, we like to keep things simple: If it helps you track income, expenses, or taxes, you probably need to keep it. This guide...

Starting a business in the UK is exciting—but one of the most common questions we hear at DUO Accountants is: “Do I need a licence to start my business?” The honest answer is: it depends on what your business does. Some businesses need licences before they can legally operate, while others don’t need any at all. In this guide, we’ll break it down in simple terms so you know exactly what to check. Understanding Business Licences in the UK In the UK, licences are permissions granted by...

With Making Tax Digital (MTD) for Income Tax now rolling out from April 2026, one of the biggest changes for sole traders and landlords is the requirement to submit quarterly updates. If you’re wondering What exactly do I need to do every 3 months? you’re not alone. At DUO Accountants, we’re here to make this simple, stress-free, and easy to understand. What Are Quarterly Updates? Quarterly updates are regular reports you send to HMRC every 3 months showing your business income and expenses....