Latest News & Updates
Autumn Budget November 2025
A simple guide to the Autumn Budget November 2025. Understand tax rises, frozen thresholds, ISA changes, dividend increases, and future rules. Clear advice and a call to book a Tax Diagnostic with I Hate Numbers. The Autumn Budget November 2025 delivered a long list...
Companies House Identity Verification
Companies House Identity Verification becomes mandatory from 18 November 2025. This change affects every company director and every person with significant control (PSC). The rules are designed to clean up the register, cut fraud, and give businesses more confidence...
HMRC Reasonable Excuse – What Really Counts?
HMRC reasonable excuse rules matter if you miss a tax deadline and want to challenge a penalty. Many taxpayers assume their reason will qualify. However, HMRC sets the bar high. Understanding what counts, what does not, and how HMRC views each case can save you time,...
Tax Relief For Pre Let Property Costs
Tax Relief For Pre Let Property Costs When you buy a property to rent out, it’s common to need a few updates before tenants move in. Fresh paint, new flooring, or fixing a leaky roof can make all the difference. But before you start spending, it’s worth knowing...
What Is E-Invoicing?
The UK’s Digital Shift Continues The 2025 Autumn Budget, due on 26 November 2025, is set to shape the UK’s digital tax landscape for years to come. Alongside expected tax rises, the government is likely to confirm the next stages of Making Tax Digital (MTD) and...
How Register For UK Self Assessment
How to Register for UK Self Assessment Why bother with registration? Should you Register for UK Self Assessment, most people instantly think tax hassle. But for the self-employed, side-hustlers, or directors, knowing how to register for Self Assessment UK is one of...
Company Car Fuel Benefit – A Useful Perk or a Costly Trap?
Company Car Fuel Benefit – A Useful Perk or a Costly Trap? Having your company pay for fuel might sound ideal. It saves hassle and feels convenient. But when you look closely, the company car fuel benefit can be far less generous than it appears. The real value...
Inter-Company Loans & Charging Interest
When your business has spare cash, it’s tempting to make it work harder. Rather than leaving money sitting idle, some companies choose to lend it to another business. These loans can improve returns, help manage group finances, and even offer tax efficiencies. But...
Effective Date of VAT Registration
Effective date of VAT registration Understanding your effective date of VAT registration is vital if you want to stay compliant and avoid nasty surprises. It determines when you start charging VAT, reclaiming it on your costs, and reporting to HMRC. Miss the right...
Business Entertainment Expenses
Business Entertainment Expenses: What You Can and Cannot Claim Business Entertainment Expenses confuses many owners. The rules feel strict and unclear. Most client hospitality is not tax deductible. VAT is usually blocked as well. However, a few exceptions exist. You...
VAT Invoice Requirements
VAT Invoice Requirements: Everything Small Businesses Need to Know If you run a VAT‑registered business, invoices matter. They are legal documents. Bad invoices delay payments and risk penalties. Good invoices, those that meet VAT Invoice Requirements, protect your...
HMRC Debt Collection Powers
HMRC Debt Collection Powers: What They Can Do and How to Respond Introduction Running a business means managing tax as well as customers and staff. If tax goes unpaid, HMRC will act. In recent years, HMRC has strengthened its debt collection powers and invested in new...
Class 2 National Insurance Charged in Error
Have you had Class 2 National Insurance Charged in Error? Mistakes with National Insurance create stress and extra cost. Recent Class 2 changes caused confusion and wrong charges. This blog explains what changed and what to do next. You will also see practical tips to...
Tax-Free Income From Renting Out Your Garage
Earning Tax-Free Income from Renting Out Your Garage Turn Your Garage into a Source of Income Do you have a garage that sits unused? Many people forget the earning potential locked inside that space. Renting out your garage can provide a steady income stream. Even...
Bookkeeping & Digital Accounting
Bookkeeping: More Than Just Numbers Want to be productive, step forward bookkeeping and digital accounting This is the heartbeat of every business, social enterprise and charity, large or small. Good bookkeeping helps you manage cash, track sales, and meet your legal...
Illegal Dividend Tax Consequences
Running a limited company means playing by the financial rules. One key rule is around dividends. Dividends must come from company profits. If you pay one without profits, it becomes an illegal dividend. In this blog, we explain the impact of Illegal dividend tax...
Making Tax Digital for Income Tax
Are you a sole trader, landlord, or both? Do you earn from property or self-employment? If yes, Making Tax Digital for Income Tax (MTD for ITSA) could soon apply to you. The rules are changing. Deadlines are coming. Preparation now will save stress later. This guide...
Tax-Free Trivial Benefits – What You Need to Know
What Are Tax-Free Trivial Benefits? Trivial benefits are small perks given to employees. They’re tax-free if they meet certain conditions. Employers can give these without triggering tax or National Insurance. Think of them as small gifts, not rewards. HMRC sets...
Five UK Tax-Free Health & Welfare Benefits
Want to provide Tax-Free Health and Welfare Benefits and reduce tax liabilities? Good news. You can do both. In this blog, we explore five tax-free health and welfare benefits. These benefits help your team and keep your payroll costs efficient. Even better, they...
When You Should Register For VAT And How To Do It
Do You Need to Register for VAT? You must register for VAT if your taxable turnover goes over £90,000 in any rolling 12-month period. This rule applies whether you operate as a sole trader, a partnership, or through a limited company. If your business is based outside...
UK & Overseas Property Business
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...
Travel Expenses HMRC Allows: Powerful Ways to Claim More
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 Single Directors Employment Allowance Claim Is Made
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...
VAT for UK Businesses: Rates, Rules & How to Register
Understanding VAT for UK businesses is essential if you're trading goods or services. From what counts as a taxable supply to when you need to register, VAT can seem like a maze, but it doesn’t have to be. In this guide, we’ll break down the types of VAT, the...