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: Tax 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 […]
21
Aug
Aug
Who doesn’t like a complimentary drink? Whether it’s a glass of wine at a restaurant, a beer at a brewery tour, or a drink offered to a waiting customer, hospitality has become part of the customer experience for many businesses. But if you’re a VAT-registered business offering a drink to your customers free of charge, […]
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 […]
HM Revenue & Customs, Tax Advice, Tax Planning, Tax Tips
HMRC Has a Chatbot Now… But Would You Trust It With Your Tax?
17
Jun
Jun
HM Revenue & Customs (HMRC) has recently launched a new artificial intelligence chatbot called GOV.UK Chat, aimed at answering taxpayers’ questions online. On the surface, this seems like a positive development: quicker answers, no waiting on hold, and readily available guidance. What’s there not to like? But would you trust it with your tax? The […]
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 […]
20
May
May
If you’re running a business, you’ll know that reporting requirements never really stand still. New tax return rules are coming, and here’s what it means for you. From the 2025/26 tax year, HM Revenue & Customs (HMRC) is asking for more detail in your Self-Assessment tax return. This is the tax return that is due […]
Business Tips, Tax Advice, Tax Planning, Tax Tips
Thinking About Stepping Back One Day? Apple’s CEO Handover Has a Lesson for You
13
May
May
Last month, Apple announced that Tim Cook will step aside as Chief Executive on 1 September 2026, handing over the role to John Ternus, the company’s long‑standing head of hardware engineering. Cook isn’t stepping away completely; he’ll still remain involved as executive chairman, helping support the transition and ensure continuity. Apple described this change as […]
Corporation Tax, P11d, Payroll, Personal Tax, Tax Advice, Tax Tips
Director’s Loan Accounts Explained: What Every UK Company Director Needs to Know
06
May
May
For many owner-managed businesses, the Director’s Loan Account (DLA) is one of the most commonly used yet most misunderstood parts of the company’s finances. Used well, it can offer flexibility and convenience. Used badly, it can trigger unexpected tax charges, increased scrutiny from HM Revenue & Customs (HMRC), and cash‑flow issues for both the director […]