Articles/News
The Autumn Budget 2026, presented on 28 October 2026, changes five things for sole traders. The Trading Allowance rises to £3,000 from 6 April 2027. Mileage above 10,000 miles rises to 35p per mile. Making Tax Digital for Income Tax reaches those...
November 13, 2026
Chancellor John Healey presented the Autumn Budget 2026 on 28 October 2026. The measures that matter most to landlords, sole traders and small businesses are higher separate tax rates on property and savings income from 6 April 2027, a sof...
November 04, 2026
Making Tax Digital has changed the way VAT-registered businesses manage their tax records and submit VAT returns. For many businesses, keeping accurate digital records and using compatible software is now an essential part of mee...
September 23, 2026
Gifting money or assets during your lifetime can be an effective way to pass wealth to family members while potentially reducing the value of your estate for Inheritance Tax (IHT). However, the rules surrounding gifts and exemptions can be complic...
September 21, 2026
Once you are using Making Tax Digital for Income Tax, a change in your circumstances doesn't automatically mean your MTD obligations end. What happens depends exactly on what has changed: whether you have stopped one of the in...
August 29, 2026
Since Making Tax Digital (MTD) for Income Tax became mandatory for many sole traders and landlords from April 2026, bookkeeping is no longer just an annual administrative task. Businesses within MTD must maintain digital records, submit quarterly ...
July 27, 2026
Individuals and businesses selling online in the UK, whether through platforms like eBay, Etsy, Amazon, or your own website comes with clear tax responsibilities. Staying compliant with HM Revenue & Customs (HMRC) is essentia...
July 10, 2026
Starting a limited company is an exciting milestone. Once the incorporation certificate arrives from Companies House, many business owners immediately focus on attracting clients, generating sales, and growing the business. However, the period imm...
May 25, 2026
Effective inheritance tax planning is essential for high-net-worth individuals to protect wealth, preserve family assets, and ensure a smooth transfer of estates to future generations. Without a clear strategy, a significant portion of your estate...
May 04, 2026
For new businesses in the UK, VAT can feel like a complex puzzle, but understanding its rules early can make a significant difference to your business’s financial health. Timely registration and careful management of VAT not only keep you in lin...
April 17, 2026