• Warning for 6th April 2026

    Mandatory Payrolling: What Small Businesses Need to Know (and How to Avoid a Double Tax Hit)

    Warning: New tax rules in 2026 could double your employees' tax on benefits, reducing their take-home pay!

  • VAT

    VAT flat rate scheme – is it worth it?

    The VAT flat rate scheme for small businesses

  • Loan

    Can one company lend to another? Tax implications

    Tax implications of one company lending to another

  • Sole Trader Super Hero

    Hey New Sole Traders! A Few Friendly Pointers! πŸ‘‹

    So, you're taking the leap and becoming a sole trader?

  • Timing is everything money

    Timing your payments around the year end

    For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income and expenditure must be matched to the accounting period to which it relates

  • Personal Allowance

    Time running short to use your 2024/25 personal allowance

    If you do not use your 2024/25 personal allowance by the end of the tax year, you will lose it.

  • Changes to Holiday lets - Property

    Holiday Lets – relief for finance and investment costs from April 2025

    Unincorporated landlords letting furnished holiday accommodation will obtain relief for their interest and finance costs from April 2025 after the favourable tax regime for furnished holiday lets has come to an end

  • Gremlins

    Let's Have a Butcher's at Your State Pension!

    Don't assume your state pension is fully topped up even if you have been employed or self-employed.

  • Making Tax Digital

    Making Tax Digital: Is it Really Happening This Time?

    This is the first in a series of updates for Making Tax Digital (MTD)

  • HMRC

    Action you can take if you are struggling to pay your tax

    Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on account for 2024/25

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