Your 2026/27 Tax Card — Everything You Need in One Place
Tax Rates giving you a headache? Don’t worry if you’re stuck working out your tax rates for the next financial year. We have some simple to follow tax rate cards for guidance. If you are looking for any specific Tax Planning advice, why not get in touch with the team....
April 2, 2026March 2026 News Round-Up. What Business Owners Need to Know.
Every month, something changes.Tax thresholds. Employment costs. The economy. The rules businesses have to follow.Most of it gets buried in headlines that feel distant from the day to day of running a business. This round-up brings the most relevant news from March 2026 into one place, in plain language, so you can stay informed without spending your morning trawling through it yourself.This month we cover frozen tax thresholds and what they mean for low earners, the rise of automation in the se...
March 24, 2026Could a Simple “Traffic Light” System Help You Make Better Business Decisions?
One of the challenges in business is knowing when something needs attention.Often the warning signs are there. Cash flow tightens slightly. Margins dip. The pipeline looks a little lighter than usual. But because everything still feels manageable, nothing changes.Recently, the Institute for Fiscal Studies suggested something interesting when discussing the UK’s public finances. Instead of judging the government’s position on a single pass-or-fail rule, they proposed something more nuanced ...
March 19, 2026Year-End Tax Planning Guide 2025–26
As we approach the end of the tax year, it’s a good time to pause and review a few areas of your finances.Year-end planning doesn’t have to be complicated. In most cases, it’s simply about making sure you’ve made good use of the allowances and reliefs available before the tax year resets on 5 April.A short review now can often highlight opportunities that disappear once the new tax year begins.Here are a few areas that are worth checking.Make the Most of Your ISA AllowanceEach adult has ...
March 9, 2026Spring Statement 2026: What It Means for Individuals and Businesses
The Spring Statement 2026 did not introduce major new tax changes, but it provides an updated picture of the UK economy, government borrowing and the direction of the tax system over the next five years.For many households and businesses, the impact will come less from new rules and more from the economic outlook, borrowing costs and the continued rise in the overall tax burden.Here are the key points.A Slower but Stable Economic OutlookThe Office for Budget Responsibility (OBR) has revised down...
March 4, 2026February 2026 News Round-Up: Key Updates for Business Owners
Each month we look at a few of the stories affecting businesses and the wider economy.February’s update highlights growing pressure on businesses from rising costs, changes affecting electric vehicles, and new developments in inheritance tax relief.Here are the key points.Electric Vehicle Discounts Raise ConcernsThe UK car market continued to recover in 2025, with more than two million new vehicles registered for the first time since the pandemic. However, the shift toward electric vehicles (E...
February 24, 2026Salary, Dividends and Pensions: How to Pay Yourself in 2026
If you run your own limited company, one of the questions that comes up every year is simple on the surface but surprisingly nuanced in practice:How should you pay yourself?Most owner-managed businesses use a combination of salary, dividends and pension contributions. The right mix often depends on profits, cashflow, tax thresholds and sometimes even things happening at home, such as child benefit or student loan repayments.Below is a practical overview of the main considerations for the 2025/26...
February 12, 2026Companies House Identity Checks: What Directors Need to Know
Companies House has begun rolling out mandatory identity checks for company directors and people with significant control (PSCs).These checks are part of wider reforms introduced under the Economic Crime and Corporate Transparency Act 2023, designed to improve the accuracy of the Companies House register and reduce the misuse of UK companies.If you are a director, PSC, or involved in filing company information, this is something you will need to deal with over the next year.Here’s a straightfo...
February 2, 2026January 2026 News Round-Up: Key Updates for Business Owners
As we start 2026, several important tax, employment, and compliance changes are moving closer. Below is a clear summary of what’s changing, why it matters, and what business owners should be thinking about now.HMRC Moves to Digital CorrespondenceHMRC is accelerating its shift away from paper letters, with most correspondence moving to digital from spring 2026.Email or text alerts will notify taxpayers when new messages are available in their Personal Tax Account or the HMRC app. HMRC’s aim i...
January 19, 2026Making Tax Digital for Income Tax: What You Need to Know Before April 2026
Making Tax Digital for Income Tax is no longer a future concept. From 6 April 2026, many sole traders and landlords will be required to keep digital records and submit updates to HMRC throughout the year using approved software.The start date, thresholds, and core rules are now confirmed. While Autumn Budget 2025 softened the penalty regime, it did not delay the rollout. If you are affected, the rest of the 2025/26 tax year is your preparation window.This article explains who must join, what cha...
January 6, 2026Key Accounting Practices for Managing Business Debt Effectively
Borrowing can be a sensible tool. It can fund growth, smooth cashflow, and help businesses take on larger opportunities. Problems tend to arise when visibility slips, costs increase, or deadlines are missed.The aim of managing business debt isn’t to eliminate it entirely. It’s to stay in control, keep headroom, and act early when pressure starts to build.Below are the key accounting practices that help businesses manage debt effectively and avoid it becoming a long-term problem. Start With a...
December 22, 2025December 2025 News Round-Up: What Business Owners Should Know
As we close out 2025, several developments are worth business owners’ attention. From HMRC activity on directors’ loans to economic forecasts and concerns around Making Tax Digital, this month’s updates highlight areas where preparation and early action matter.Here’s a clear summary of what’s happening and why it’s relevant.HMRC Reviews Directors’ Loan Account Tax ReliefHMRC has begun contacting tax agents to review claims for relief linked to directors’ loan accounts.The focus i...
December 15, 2025Autumn Budget 2025 - What You Need To Know
Yesterday, Chancellor Rachel Reeves delivered the Autumn Budget 2025, setting out a series of major tax, business and household policy changes aimed at stabilising public finances while supporting those most affected by rising living costs.With income tax thresholds frozen, new taxes on savings and property income, and targeted support for vulnerable households, the Budget represents a shift towards raising revenue while trying to cushion lower-income families.We’ve put together a Budget Repor...
November 27, 2025November 2025 News Round-Up: What Business Owners Need to Know
Here’s a straightforward overview of the key economic and tax updates that matter to UK business owners this month. No jargon — just the essentials so you can stay ahead and make informed decisions.1. UK Growth Remains Fragile — Manufacturing Up, Services StalledThe economy edged up by 0.1% in August, driven entirely by a 0.7% rise in manufacturing, while the much larger services sector stayed flat (page 2).On a three-month basis, growth sits at 0.3%, but momentum is still weak.Key points ...
November 23, 2025Financial Security for the Self-Employed: What You Really Need to Know
Working for yourself gives you freedom — but it also means the buck stops with you. No employer sick pay. No automatic pension contributions. No one holding back tax for you. That’s why financial resilience isn’t a “nice to have” for the self-employed; it’s essential.This guide pulls out the key ways to build a stronger financial base so you can handle lean months, tax surprises, and the unexpected without stress.1. Build a Proper Cash Reserve — Not GuessworkMost people are told th...
November 14, 2025Maximise The Profits in Your Business
When it comes to growing a business, many people focus on increasing sales. But sales alone don’t pay the bills - profit does. If you want your business to thrive, it’s important to look beyond the top line and focus on what’s actually left at the end of the day.Why profit matters more than salesHigh sales figures might look impressive, but if your costs are just as high (or higher), your business may be working hard for very little reward. Profit is the real measure of success - it’s wh...
November 3, 2025Avoid the Stress: Your Essential Self Assessment Guide
Self Assessment season doesn’t have to be stressful. Our Self Assessment Survival Guide brings together everything you need to know for 2025/26 in one place. From who needs to file and the records you’ll need, to how to complete your return step by step, it’s designed to give you clarity and confidence.Inside, we’ve covered the essentials. You’ll find guidance on what to gather before you start, the allowances and reliefs people often miss, how to report property income and capital gai...
October 15, 2025Could Your Business Be Missing Out on £10,500 in Employer NIC Savings?
If you’ve got staff on the payroll, there’s a good chance you could be saving money through the Employment Allowance – worth up to £10,500 in the 2025/26 tax year.Over 1.2 million businesses claimed it last year, but many are still missing out simply because they don’t realise they qualify.What is it?The Employment Allowance is a government scheme that cuts your employer’s National Insurance bill. The saving is applied automatically through your payroll, so you feel the benefit straig...
October 2, 2025October News Roundup
September has been a busy month for business and the economy, with headlines that could shape the months ahead. The government has launched a new “Budget board” to steer economic policy and rebuild confidence with business leaders, as speculation grows about what the next Budget will bring.On the high street, retail sales enjoyed a lift from warm weather and lower interest rates, but questions remain over whether this momentum can last through the all-important Christmas trading season. At t...
October 1, 2025Seven Things Every Company Director Needs to Know
Stepping into the role of a company director is exciting, but it also comes with serious responsibilities. Whether you’re a hands-on leader, a silent partner, or working behind the scenes, the Companies Act 2006 sets out clear legal duties for directors.Here are seven essentials every director should understand:1. Follow the company’s constitutionThe company’s constitution and articles of association aren’t just formalities — they set out the rules for how the business is run. Stray ou...
September 16, 2025The Business Exit Guide Every Owner Should Read Before Selling
Selling a business is never just a financial transaction. It’s the moment years of hard work and dedication are transformed into the next chapter of your life. Over recent months we’ve had the privilege of guiding several clients through this journey, helping them prepare, negotiate and ultimately achieve successful sales. What we’ve seen again and again is that early planning makes all the difference. It gives owners the confidence to take control of the process and the freedom to shape t...
August 5, 2025How To Protect Your Wealth From Inflation
Inflation might not be making headlines like it did a few years ago, but it’s still quietly eating away at your money. Even at around 3–4%, the impact adds up — £1,000 today won’t stretch as far next year. Protecting your wealth isn’t about chasing complex investments; it’s about making the most of what’s already available to you.In this month’s Spotlight Guide, we explore practical, easy-to-follow ways to outpace inflation and keep your finances on track. From using ISAs, pensi...
July 29, 2025Children’s Savings: Giving Your Child a Head Start in Life
Children’s Savings: Giving Your Child a Head Start in Life Many parents want to give their children a solid financial start but aren’t always sure where to begin. The good news is that the UK tax system provides several savings and investment options specifically designed for children, each with different rules on access, tax treatment and contribution limits. Saving early isn’t just about putting money aside for an 18th birthday. It could reduce the need for expensive borrowing at univers...
July 16, 2025Personal Car Usage as a Sole Trader
As a sole trader, you may already own a car or be thinking of buying one for business purposes. If that’s the case, it’s important to understand how this is treated for tax and accounting purposes, and what steps you need to take to document things correctly.Introducing a Car into Your Sole Trader BusinessIf you already own a car or are thinking of buying one and start using it for business purposes, the vehicle remains your personal asset, but it becomes relevant for your business to the ex...
July 2, 2025Tax Relief Opportunities for Businesses Embracing Sustainability
More and more businesses are taking steps to operate sustainably — not just because it’s the right thing to do, but because it makes financial sense too. The UK tax system is packed with incentives for companies investing in greener ways of working, from energy-efficient equipment to electric vehicles and renewable energy installations.Our latest Spotlight Guide breaks down the key tax reliefs and allowances that can help you save money while doing your bit for the planet. From full expensin...
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