Latest News & Updates
Dividend Tax Rate Increase April 2026
A Dividend Tax Rate Increase is on the way, and it will quietly reduce take-home income for many company owners. Announced in the November 2025 Budget, the change takes effect from 6 April 2026 and mainly affects those who extract profits through dividends. For...
Benefit in Kind Changes: Winners & Losers After the Budget
Benefit in kind changes arrived quietly in the Budget, but they carry real consequences for employers and employees. These changes affect company cars, reimbursed expenses, and homeworking support. Some measures ease pressure. Others quietly remove reliefs people had...
The £100000 Tax Trap: The Cost of Pay Rises
All things being equal, a pay rise is a victory, but there is a £100000 Tax Trap. It signifies success. It usually means more money in the bank. However, in the UK tax system, all things are not equal. Recent press reports highlight a strange trend. Many professionals...
Must You Use Cash Basis Accounting? A Guide for Your Business
Cash Based Accounting, have you heard of it? Tax rules change. They evolve. Sometimes, they even simplify our lives. In our previous blog post on cryptocurrencies, we explored how complicated HMRC regulations can get. We looked at the digital frontier and the tax...
Are You Exempt from MTD for ITSA? Your Complete Guide
The Changing Face of Tax Returns Change is coming. The tax world is shifting. You might feel worried. That is normal. Making Tax Digital for Income Tax Self Assessment is the new reality. We call it MTD for ITSA. It becomes mandatory soon. Mark the date: 6 April 2026....
Attitude in Business: The Quiet Driver Behind Your Numbers
Attitude in Business Most business problems do not begin with numbers. They usually start with attitude. Mindset shapes decisions long before cash flow tightens or profits dip. Over time, those decisions stack up. Eventually, the numbers reflect what happened earlier...
Correcting VAT Return Errors UK: A Clear Guide for Businesses
When you discover mistakes in your VAT return, correcting VAT return errors UK can feel overwhelming. This guide spells out the process in simple, jargon-free steps. We explain your options and deadlines clearly, helping you manage your VAT obligations confidently....
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...