Latest News & Updates
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...
Temporary Workplaces and Tax
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...
Facing the Lonely Road of Business Ownership with Confidence
Understanding the Isolation of Business Ownership Business ownership often feels like a solitary journey. Although we set out with excitement and purpose, the weight of responsibilities can make the road feel isolating. Despite having a clear vision, the...
Reporting Residential Property Gains
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...
Breaking Financial Jargon Down for Business Success
Understanding Financial Jargon Financial jargon can often feel overwhelming. However, learning these terms is crucial for business success. Comparatively, understanding financial terms is like tending to a garden—each concept plays a role in keeping your business...
Understanding VAT & Dealing With It
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...
How VAT in the UK Works and How to Stay Compliant
VAT in the UK is a crucial tax that affects businesses and consumers alike. It applies to most goods and services, making it essential for companies to understand their obligations. Furthermore, businesses must register for VAT if their taxable turnover...