Do You Own Property in the UK or Abroad? Are you a landlord with property in the UK? Do you also rent out property overseas? Then you’re running two separate property businesses. That’s right. HMRC sees UK and overseas property as different. They see them as a...
When it comes to claiming business-related costs, understanding which travel expenses HMRC allows can save you time, stress, and money. In this guide, we break down what counts, what doesn’t, and how to handle claims correctly. Understanding Travel Expenses Travel...
How do single directors claim Employment Allowance?. National Insurance costs are rising fast for employers. From 6 April 2025, the Employer’s National Insurance rate increased from 13.8% to 15%. At the same time, the secondary threshold fell from £9,100 to £5,000...
National Insurance rules for directors works differently compared to regular employees. It’s not just about when you’re paid — it’s how your pay is treated across the tax year. If you’re a company director, or manage payroll for one, understanding the rules can save...
Voluntary VAT registration often gets overlooked. Many small businesses aim to stay under the £90,000 threshold to avoid VAT. They fear more admin and think VAT will scare customers away. But going VAT registered before you must can offer big rewards. This blog...
You can Claim tax relief for work expenses online in 2025 If you spend money doing your job, don’t miss out on tax relief. You may be entitled to claim tax relief on work expenses, even if you have paid them yourself. If your employer hasn’t reimbursed you, then a...
What are the benefits of filing your tax return early. Why could this be one of the best financial decisions you make this year. While the Self Assessment deadline for the 2024/25 tax year isn’t until 31 January 2026, early submission has real advantages. Let’s break...
HMRC is changing how landlords report income and expenses. Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) is coming. This new system affects many landlords from April 2026. Are you ready for these changes? MTD for Landlords: What You Need to Know MTD...
HMRC's Crackdown on Invisible Income: What You Need to Know HMRC is turning up the heat on undeclared income. If you're running a business or side hustle, take note. In this blog, you'll discover how HMRC uses advanced technology, digital reporting, and informants to...
Do you know where you are with the Pension Contributions limits 2025/26: Are you aware of how to maximise the Tax Relief and grow your Retirement Savings? Worry not if the answer is no, this blog is here to help Saving into a pension remains a smart financial move in...
Making Tax Digital for landlords is arriving. Are you ready for the changes starting in April 2026? If you rent out property or operate as a sole trader, you must prepare now. Making Tax Digital (MTD) for Income Tax Self Assessment (ITSA) changes how you report income...
MTD and Incorporation , not something you normally see in the same sentence. From April 2026, self-employed individuals and landlords earning more than £20,000 annually will need to comply. If that’s you, get ready for big changes in how you report your income. But...
National Insurance Changes from April 2025: What You Need to Know Big changes are coming to National Insurance from April 2025. These changes affect employers, employees, and the self-employed. At I Hate Numbers, we help you understand what these updates mean for your...
Selling your business is a major milestone, Selling your business and tax is even bigger . Whether you're retiring, moving on, or changing direction, it’s important to understand the tax implications. The way you structure your sale can have a big impact on how much...
How Salary Sacrifice Can Help Beat the Employer’s National Insurance Rise National Insurance is a Tax, let's see How Salary Sacrifice Saves Tax . From 6 April 2025, employers face an increase in their National Insurance costs. The employer’s NIC rate will rise from...
Understanding how Interest Tax Relief on Mixed Use Properties works is crucial for landlords. The tax treatment varies depending on whether the property is residential or commercial. Applying the correct rules ensures landlords maximise their tax relief while staying...
Temporary Workplaces and Tax, well where do you work matters for your taxes. Before COVID , most employees worked at a permanent workplace. This was usually the same office every day. Now, many people work from home and the office. Flexible working is common, and it...
Selling a second home or investment property means Reporting Residential Property Gains. Owners must report residential property gains and pay capital gains tax (CGT) within strict deadlines. Failing to comply can result in penalties and interest charges. Why Sell a...
Understanding VAT and dealing with it is the focus of today's blog. Value Added Tax (VAT), or as many call it, Very Awkward Tax, is a critical part of UK business. Whether you're a sole trader, a limited company, or a non-profit, VAT affects you. Understanding VAT...
If you landed on this page, I’m assuming you’re struggling to pay your taxes on time. But, don’t worry - you’re in the right place. This blog aims to give you the steps you need to take if you can’t pay your tax bill, and to give you some peace of mind. So, read on....
Running a business in the UK - we know it comes with its fair share of tax responsibilities. And VAT is often one of the most confusing areas, especially reverse charging VAT. It's something every business owner, freelancer, or entrepreneur needs to understand....
Running a limited company in the UK can open up exciting opportunities. But it also comes with its fair share of responsibilities, particularly when it comes to taxes. For many business owners, the thought of dealing with tax obligations can feel overwhelming or even...
When you decide to run your own business as a sole trader in the UK, understanding how sole trader taxes work is a key part of your entrepreneurial journey. Whether you’re just starting out or have been trading for a while, knowing the basics of tax treatment can save...
When it comes to estate planning, inheritance tax is one of the biggest concerns many families face. It's the kind of tax that can sneak up on you and take a large part of what you've spent years building. The idea that your loved ones could lose part of their...