Latest News & Updates
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...
National Insurance Rules For Directors
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: Is It Worth It?
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...
Claim Tax Relief for Work Expenses Online in 2025
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...
10 Benefits of Filing Your Tax Return Early – 2024/25
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...
Cloud Accounting for Small Business – Ditch the Spreadsheet
What Exactly Is Cloud Accounting? Discover how Cloud Accounting for Small Business saves you time, reduces errors, and give you real-time insights into your business finances. Tedious paperwork becomes a thing of the paste. You may have heard the term "cloud...
Landlords: Get Ready for MTD! Your Tax Reporting is Changing.
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
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...
Pension Contributions Limits 2025/26
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...
Economies of Scale: Lower Costs as Your Business Grows
Economies of scale is a concept that all businesses should understand, regardless of size. Basically, it means saving money as your business grows. As your operation expands, the average cost of producing each item or delivering each service decreases....
Making Tax Digital for Landlords
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...
The Foundation of Every Successful Business is Trust
Trust forms the cornerstone of every thriving business relationship. Although many focus on profits and growth, this fundamental quality ultimately determines long-term success. Consequently, businesses that prioritize building strong relationships...
MTD and Incorporation: Is It Time to Go Limited?
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...
Overtrading: One of the Dangers of Rapid Business Growth
Overtrading can destroy even profitable businesses when growth happens too quickly. Although most business owners aim for growth, we often overlook the risks that come with rapid expansion. Furthermore, this week's episode explores why managing...
National Insurance Changes from April 2025
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...
Why Financial Accountability Matters in Business
Financial accountability is more than tracking money—it is the compass that keeps our business heading toward the right destination. Evidently, without clear direction, we risk getting lost in daily chaos. However, when we embrace responsibility...
Selling Your Business And Tax
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...
Why Understanding Financial Jargon Terms Matters
Why Financial Jargon Feels Like a Foreign Language Jargon can make financial discussions feel like navigating an unfamiliar country without knowing the language. Additionally, many business owners struggle with terms like equity, liquidity, and ROI, which can lead to...
How Salary Sacrifice Saves Tax
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...
Why Passion for Business is Not Enough to Succeed
Passion vs. Practicality Passion may spark a business idea, but it is never enough to guarantee success. Many believe that following their passion automatically leads to profit. However, without planning, effort, and strategy, businesses struggle to survive....
Interest Tax Relief On Mixed Use Properties
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...
The Cost and Benefits of Hiring
Hiring staff is a significant decision for any business. We know that it comes with both opportunities and challenges. In this episode, we will break down the costs and benefits of hiring employees versus freelancers. Additionally, we will explore why making the right...
How Important Is It To Keep Receipts?
Buy something in a shop, and you may be asked if you want a receipt. While a receipt confirms a purchase, it is not legally required unless both buyer and seller are VAT-registered. Your consumer rights remain protected even without a receipt. For businesses, however,...
How PAYE Started and Why It Matters
PAYE (Pay As You Earn) is a cornerstone of the UK tax system. Whether you’re an employer or an employee, understanding how it works is crucial. Since its introduction in 1944, it has simplified tax collection by taking income tax, National Insurance, and other...