It’s a story many business owners have heard before: a company is growing, sales are strong, the profit and loss statement looks healthy, yet somehow, it still runs out of money. This paradox of being “profitable but broke” is more common than you might think, and it can put even the most promising businesses at…
Managing tax payments can be one of the more stressful aspects of running a business. With deadlines scattered across the year, it’s all too easy to miss one and end up facing penalties. Fortunately, HMRC offers Direct Debit facilities that make paying your taxes easier, more secure, and far less stressful. Whether you’re paying Self-Assessment,…
If you’re preparing to sell your business, wind it down, or even pass it on to the next generation, there’s a major change you can’t afford to overlook. New Capital Gains Tax (CGT) rules came into effect from 6th April 2025. These changes are already influencing how much tax business owners pay when exiting, and…
If you’re running a limited company or managing business accounts, keeping on top of deadlines has always been important, but in 2025 it has become critical. Both Companies House and HMRC are tightening their penalty systems, meaning even small delays could lead to larger and more frequent fines. These changes are designed to improve compliance,…
Running a small business is an exciting journey, but it also comes with plenty of challenges, especially when it comes to managing your finances. Accounting mistakes don’t just cause headaches; they can cost you time, money, and even your peace of mind. Here are 7 of the most common mistakes small business owners make and…
If you operate a limited company, there’s an important deadline coming up. On 31 March 2026, the government will shut down its free joint filing service for both HMRC and Companies House submissions. After this date, you’ll need to use commercial filing software to file annual accounts and Company Tax Returns (CT600). What’s Changing? Currently,…
Starting a business is a bold and exciting step, but it can also be a little overwhelming. From the moment you commit to going out on your own, there’s a lot to think about. The good news? Getting a few key foundations in place early can make the whole journey much smoother. Whether you’re launching…
Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is a big change coming to many sole traders and landlords, but it’s also a fantastic opportunity to modernise how you manage your finances. Rather than seeing it as just another requirement, we believe it’s a chance to take control, get more visibility, and work…
Being self-employed gives you a lot of flexibility, but summer can still bring its own set of challenges. Whether you’re juggling school holidays, facing a seasonal dip in income, or just trying to stay on top of your accounts when you’d rather be enjoying the sunshine, planning ahead can make a big difference. Juggling Kids…
If you’re self-employed, a landlord, or have other income that isn’t taxed at source, you may have heard of payments on account. It’s a part of the UK tax system that often causes confusion, but don’t worry, it’s actually quite straightforward once you break it down. Let’s take a quick look at what it means,…