Why Your July Tax Payment Shouldn’t Come as a Surprise For many taxpayers, July brings an unwelcome reminder from HMRC. The second Self Assessment payment on account is usually due by 31 July, and for sole traders, landlords and company directors, it can create real pressure on cash flow if it has not been planned…
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Making Tax Digital for Income Tax: What Landlords and Sole Traders Need to Know Making Tax Digital for Income Tax is one of the biggest changes to the way sole traders and landlords report their income to HMRC. For many people, Self Assessment has traditionally meant dealing with the figures once a year, often several…
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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…
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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,…
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How Much Should You Actually Be Setting Aside for Tax? It’s one of the most common questions we get: “How much should I be putting aside for tax?” And it’s a good question, because getting this right makes everything else much easier. Getting it wrong usually doesn’t feel like a problem at first…until January arrives.…
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The New Tax Year Has Started — Here’s What Actually Matters Right Now The new tax year has officially begun. For most people, that doesn’t feel particularly urgent. There are no immediate deadlines, no pressure, and January feels a long way off. But in reality, April is one of the most important points in the…
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What Happens After 5 April? Planning for 2026/27 Now 📊 The tax year ends on 5 April. Most business owners focus heavily on what must be done before that date, pensions, dividends, allowances. But once 6 April arrives, something far more important happens: You get a clean slate. New allowances.New thresholds.A fresh planning window. The…
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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…
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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…
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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…
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