Accounting News

Making Tax Digital (MTD) for Income Tax is on its way, and it's HMRC's big push to get everyone's tax affairs online

“HMRC can just TAKE your money!”
“Big Brother is watching your bank!”

Running a limited company, whether as a freelancer, solopreneur, or with a small family team, offers flexibility and tax advantages. Here's how you can optimise your finances:

Think of HMRC as Michael Caine in that classic nosy neighbour role - leaning over the fence, peering into your garden, and muttering in that unmistakable voice: ‘Yes, I am a nosy neighbour.’ Only, instead of checking if you’ve cut the hedge, they’re checking if your tax return matches up with the shiny new car on your drive.

Used the right way, your van can be a valuable and tax-efficient business tool. Used the wrong way, it could land you with an unexpected tax bill.

In an alphabet share structure, each shareholder has a different class of share.

Creating a dedicated tax savings space is one of the simplest and most effective ways to protect yourself from tax shocks, budgeting errors, and sleepless nights.

Most of our clients aren’t full-time landlords. You might be renting out a flat you used to live in, or letting a property for some extra income. If that’s you, here’s a straightforward guide to what mortgage interest you can claim against your rental income.

However, with the rules changing again from 2025, it’s a good time to assess where things stand now, what’s coming next, and what business owners need to be aware of.