Blog Archive for 2026

AccountsPortal is now HMRC-recognised for Making Tax Digital for Income Tax. Sole traders and landlords can manage VAT and income tax in one platform.

Most businesses would welcome the chance to achieve 15% year-on-year growth without putting in extra hours or making significant investments. Research shows that this is possible with the right cloud-based accounting software, yet many business owners remain unaware of its impact. The true value lies in how it creates the conditions for growth by improving accuracy, saving time, and enabling better financial decisions.

The reverse charge mechanism is a tax collection method used in VAT systems. It shifts the responsibility of calculating, reporting and paying VAT from the seller to the buyer of the goods or services. It applies to cross-border EU transactions, specific services, intra-community acquisitions, construction services, and goods identified as prone to VAT fraud, with the UK operating its own domestic reverse charge rules post-Brexit.