💼 What Business Owners Need to Know About Director’s Loans If you’re a director of a limited company, chances are you’ve borrowed money from the business — or loaned it some yourself. This is totally normal, but it’s important to understand the tax implications. These are called Director’s Loans, and if they’re not managed properly,…
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🧑🎓Hiring Students or Seasonal Workers This Summer? Here’s What You Need to Know☀️ Summer is a busy time for many UK businesses — especially in hospitality, retail, tourism, and agriculture. Bringing in students or seasonal staff can be a great way to manage the increased workload, but it’s important to stay on top of your…
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Starting a New Business in Late 2025? Here’s What You Should Do First If you’re planning to launch your business in the second half of 2025 — congratulations! Whether it’s a side hustle, a startup, or a long-dreamed-of venture, getting the foundation right from day one is critical for long-term success. Here’s what every new…
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Mid-Year Financial Health Check: Are You On Track for 2025–26? As we reach the halfway point in the 2025–26 tax year, now is the perfect time to take a step back and check in on your financial health. Whether you’re a sole trader, company director, or small business owner, a mid-year review can help you…
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The Intricacies of Writing a Business Plan Creating a business plan isn’t just a formality — it’s one of the most powerful tools you have to guide your company’s growth, secure funding, and stay tax-efficient. But a truly effective business plan should do more than just outline what you do and who your customers are.…
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New Requirement: Identity Checks Now Being Introduced at Companies House Companies House is introducing mandatory ID checks for directors, people with significant control (PSCs), and agents — with more roles to follow soon. This change is part of the Economic Crime and Corporate Transparency Act, which became law in October 2023. It’s designed to prevent…
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P11D and Benefits in Kind: What UK Employers and Employees Need to Know If you provide perks to your employees beyond their salary — like a company car, private medical insurance, or interest-free loans — then P11D forms and Benefits in Kind (BIKs) are something you need to get right. This guide explains what they…
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Making Tax Digital for Income Tax: What You Need to Know in 2025 From April 2025, the way many people in the UK report their income to HMRC is changing. If you’re self-employed or earn money from rental property, you may soon need to follow Making Tax Digital (MTD) rules for Income Tax Self Assessment…
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Navigating Self-Assessment: Common Pitfalls and How to Avoid them Filing a self-assessment tax return with HMRC can be tricky—especially if you’re self-employed or new to the process. Here are five common pitfalls to avoid and how to stay on the right track: 1. Missing the Deadline The online filing deadline is 31 January. Miss it…
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