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 […]
Category Archives: Tax Tips
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 […]
Corporation Tax, Tax Advice, Tax Planning, Tax Tips
Why Going Electric Through Your Company Just Makes Business Sense
15
Apr
Apr
Who isn’t currently keeping an eye on petrol and diesel prices almost every day? The answer is simple: those who drive electric vehicles (EVs). While fuel prices continue to rise and fluctuate due to global events, EV drivers enjoy a level of stability that traditional drivers can only wish for. This is only one reason […]
08
Apr
Apr
It’s completely normal to start thinking about tax planning towards the end of the tax year. This is typically when the urgency increases, deadlines loom, last-minute tips circulate, and there’s a rush to “do something before April 5.” We’ve all experienced this frenzied environment. However, it’s worth asking: shouldn’t we consider tax planning at the […]
18
Mar
Mar
If you’re a landlord in the UK right now, you’re probably feeling the squeeze from every direction. Between new legislation, rising compliance demands, slow‑moving mortgage rates, and more taxes on the horizon. Many landlords have sold their investments to cash in on returns and avoid the stress. However, the decision to sell can have immediate […]
self employed, Tax Advice, Tax Planning, Tax Tips, Uncategorized
Why a Limited Company is Now Less Tax Efficient
11
Mar
Mar
Traditionally, the biggest tax benefit of running a limited company came from how you extracted income. You’d take a small salary and top it up with dividends, which were taxed at lower rates than income tax and didn’t attract National Insurance. But that landscape has shifted dramatically in recent years. Operating as a limited company […]