If you’ve recently filled up your car, you’ll know how quickly business travel costs mount up. Last week’s Budget announced increases to both mileage allowances and subsistence scale rates. These changes are welcome for everyone, as current rates have fallen behind rising food and fuel costs in recent years. What do the new rules mean […]
Category Archives: Business Tips
Business Tips, Landlords, Tax Advice, Tax Planning, Tax Tips
Key Announcements in the Autumn Budget 2026
30
Oct
Oct
The Chancellor of the Exchequer, John Healey, presented us with his first Budget yesterday. It felt like a Budget of lots of small announcements, with nothing pointing to a major shift. In this blog, we look at the major announcements and the areas where you could be affected. Personal allowances and tax rates remain unchanged […]
Accounting Tips, Business Tips, self employed
Small Company Accounts Are Changing: What Business Owners Need to Know
21
Oct
Oct
If you run a small, limited company, you probably don’t spend much time thinking about your annual accounts. Your accountant prepares them, you review the numbers, sign off, and file them. But some important changes are coming, and while some won’t take effect for a while, others already apply to accounting periods beginning 1 January […]
14
Oct
Oct
Holiday pay should be simple, shouldn’t it? An employee takes a week off, you pay them for the week, and everyone carries on as normal. But what happens when that employee regularly works overtime? This is where things can get complicated, especially for smaller businesses where overtime can vary month to month. The important principle […]
Business Tips, Myers Clark News, Personal Tax, Tax Planning
Rumours are already gathering pace ahead of the Autumn Budget. Should you react?
05
Oct
Oct
The Autumn Budget is just a few weeks away on Wednesday 28 October. And, as always, the rumours have already started. Will Capital Gains Tax increase? Will there be more changes for business owners? Will the tax-free pension lump sum be attacked? Will the Government look to raise more money from wealth rather than income? […]
18
Aug
Aug
When you first start a business, the future feels full of possibility. Everyone is excited, the shareholders are aligned, you’re all working towards the same vision, and it’s easy to believe that things will always stay that way. That optimism is one of the best parts of building a business. But it’s also the reason […]
05
Aug
Aug
Running a small business has never been easy, but in today’s economic climate it can often feel overwhelming. With rising costs, changing legislation, staffing challenges and economic uncertainty, business owners like yourselves are expected to make dozens if not hundreds of decisions every single day. Some decisions are major, such as whether to recruit, invest […]
Business Tips, Personal Tax, Tax Tips, VAT
We have a new government, which means getting ready for changes
22
Jul
Jul
On Monday 20 July 2026, the UK welcomed a new Prime Minister, Andy Burnham. In his first speech outside Number 10, he highlighted the need to do politics better and the need to make this moment a circuit breaker for Britain. What’s not to like about that statement? We are sure you can resonate with […]
Business Tips, HM Revenue & Customs, Tax Tips
Tax Update 2026: What Every UK Small Business Needs to Know about the direction of travel
01
Jul
Jul
Last week’s latest Tax Update 2026 (policy paper) signals one thing loud and clear: the UK tax system is becoming more complex, not less. From proposed changes to income tax payments and VAT, to tougher HMRC enforcement powers and new digital requirements, businesses will need to stay informed to avoid costly mistakes. While many of […]
Business Tips, Tax Advice, Tax Planning, Tax Tips
Paying Your Children Through Your Business: Smart Tax Planning or More Trouble Than It’s Worth?
10
Jun
Jun
Running a small business often involves juggling multiple responsibilities. One moment you’re serving clients, and the next you’re managing cash flow, handling administration, and trying to keep up with marketing. However, there may be someone in your household who excels at these tasks. Younger family members can be an asset for social media posts, general […]