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Carl Bridges

Carl Bridges is the Operations Director at Caroola Accountancy, where he has over 15 years of experience supporting UK contractors. Carl joined  Caroola Accountancy in 2011 as an assistant accountant and has progressed through the organisation while gaining his AAT and ATT qualifications. Carl brings extensive expertise in limited company finance, compliance, and operational delivery, helping contractors navigate an increasingly complex landscape.

Contractors moving between PSC and umbrella arrangements face a higher risk of HMRC's tax calculation gaffe. Carl Bridges of Caroola Accountancy explains what the tech flaw dating back to 2021 means for 2025/26 tax bills, and why one-and-done is so yester-tax-year.

Whether IR35 played a part or not, former contractors who've wound up their personal service companies are on the receiving end of form PA302 — often due to savings, pensions and investment income. It's a case of 'goodbye Self-Assessment, hello Simple Assessment Calculation.’

11th September, 2026 | Limited Companies

HMRC is consulting until Sunday on plans to make Direct Debit mandatory for VAT and PAYE payments, hitting contractors paid on agency terms of 30-60 days. Dedicated tax reserve accounts will surely come into their own. Either way, respond to HMRC.

The rules on what small companies must make public about their finances are changing — and the changes go further than many owners realise. Even a new opt-out from public P&L reporting is only part of a much bigger shift in what Companies House will expect from you.

30th June, 2026 | Money

Focusing on just figures if probed by HMRC over VAT is a fool’s errand. Far safer to evidence, explain and justify EVERYTHING because soon, the taxman will be done probing mid-sized firms.