Self Assessment Deadline 2027: Why You Should Start Now, Not on 30 January 📅💷 t’s 20 October. The Self Assessment deadline feels like it’s miles away. 😅 It isn’t. The online filing and payment deadline for the 2025/26 tax year is 31 January 2027, which is just over 100 days from today. And because 31…
Taking Money Out of Your Limited Company in 2026: Salary, Dividends, Loans and Pensions 💷🏢 Your company has £50,000 sitting in the bank. Can you just transfer it to yourself? Unfortunately, no. 😅 A limited company is legally separate from its owners, so money in the company bank account belongs to the company, not automatically…
Sole Trader vs Limited Company in 2026: Which Is More Tax Efficient? 💷🏢 “Should I be a sole trader or a limited company?” It’s probably one of the most common questions we’re asked by business owners. And, unfortunately, the answer isn’t quite as simple as: “Limited companies pay less tax.” 😅 There was a time…
Do You Need to Register for Self Assessment? The 5 October Deadline Explained 📅💷 5 October 2026 is an important date for anyone who became self-employed, started receiving rental income or otherwise found themselves with income that may need to be reported to HMRC during the 2025/26 tax year. If you need to complete a…
HMRC Is Automatically Signing Taxpayers Up for Making Tax Digital – Are You Affected? 💻📊 Making Tax Digital for Income Tax is now officially here and if you were supposed to join from April 2026 but haven’t yet signed up, HMRC may now do it for you. From September 2026, HMRC is beginning to automatically…
Why We Ask So Many Questions Before Giving Tax Advice When you ask a tax question, you usually want a clear answer. That is completely understandable. If you are selling a property, taking money from your company, planning for retirement, buying another business or thinking about changing your structure, you want to know where you…
The Biggest Mistakes We Saw in the 2025/26 Tax Year Now that the tax year has come to an end, there’s usually a bit of breathing space. For us, it’s also a natural point to reflect. Not on anything dramatic, but on the patterns we see every year. The small things that, when left unchecked,…
Subcontractors & CIS Returns: What You Must Get Right Every Month 🏗️ If you’re a subcontractor in the construction industry, the Construction Industry Scheme (CIS) isn’t optional. It affects your cashflow.It affects your tax bill.And if it’s handled incorrectly, it can create unnecessary penalties. Every month, there are things that must be done properly. Here’s…
Are You Ready for the 5 April Tax Year End?Your Final 2025/26 Tax Planning Checklist ⏳ With the tax year ending on 5 April, the window for action is closing. Once midnight passes, most opportunities are gone. This isn’t about last-minute panic.It’s about making sure you haven’t left legitimate tax planning on the table. Below…
When Should You Move From Sole Trader to Limited Company? 📈 It’s one of the most common questions we’re asked: “At what point should I go limited?” For many business owners, operating as a sole trader is the right place to start. It’s simple. Low admin. Straightforward tax reporting. But as your business grows, the…