10 min read Since 6 April 2026, Making Tax Digital for Income Tax has become part of the system. If you’re self-employed or a landlord and your income goes beyond £50,000, you’re now included. For years it was something to prepare for but now it’s something to work with. The key is understanding how it […]
30
Sep
Sep
10 min read Running a nursery or childcare business takes energy, care, and organisation, and that includes staying on top of your finances. Alongside daily operations, you also need to make sure you’re meeting HMRC’s requirements. HMRC inspections can happen at any time to check that your taxes are accurate, your records are in order, […]
Advice for Small Businesses
Companies House identity checks for directors: What UK businesses need to know
20
Sep
Sep
10 min read As a UK-based business, compliance with Companies House regulations isn’t just advisable—it’s essential. In response to increasing fraud, the government has introduced identity checks for company directors and Persons with Significant Control (PSCs). These are part of broader reforms from the Economic Crime and Corporate Transparency Act 2023 (ECCTA). These changes are […]
Advice for Small Businesses
Do you run a nursery in the UK? Here’s why you need a specialist accountant
25
Aug
Aug
10 min read Running a nursery in the UK is more than just numbers and nappies. It’s about nurturing little minds, managing a busy team, keeping parents happy, staying compliant with regulations, and somehow keeping the business profitable. It’s a balancing act that requires heart, patience, and yes, strong financial management. If you’re a nursery […]
25
Aug
Aug
10 min read HMRC is ramping up its scrutiny on individuals who hold or trade cryptocurrencies. As digital currencies like Bitcoin and Ethereum gain popularity, HMRC’s scrutiny of tax compliance in this area also increases. The agency is actively pursuing those who fail to report crypto-related income or capital gains, issuing warnings, launching investigations, and […]
27
Jun
Jun
10 min read The countdown to Making Tax Digital for Income Tax (MTD for IT) is underway, and HMRC is taking a proactive approach to ensure taxpayers are well-informed and prepared for the transition. A key component of this strategy involves direct communication through targeted letters, designed to guide individuals through the upcoming changes. If […]
Accounting for Individuals, Tax Planning, Taxation
Self Assessment Tax Returns for digital nomads: Staying compliant while working remotely
28
Jan
Jan
10 min read The rise of remote work and the digital nomad lifestyle has transformed the traditional work paradigm. As more individuals embrace location-independent work, understanding and fulfilling tax obligations becomes increasingly crucial. As a digital nomad, you’ll need to navigate complex tax laws in multiple jurisdictions to ensure compliance. This blog post will explore […]
Advice for Small Businesses
Daycare franchise opportunity: What to consider before buying daycare nurseries
19
Jun
Jun
10 min read Opportunities for driving a new revenue stream are varied, and the sky’s the limit in terms of which idea to pursue. For instance, if you prefer testing the water with the responsibilities that come with owning an established brand and business model, franchising is ideal for you. In theory, a franchise owner […]
Advice for Small Businesses, Business start-ups
Breaking down the SEIS/EIS risk-to-capital condition for UK businesses
07
Feb
Feb
10 min read The SEIS/EIS risk-to-capital condition is a relatively new entrant to the SEIS/EIS investment checklist, introduced in March 2018. It has several clauses that those applying for SEIS/EIS investment must bear in mind. Indeed, HMRC has clarified that this is the first test against which they will review all SEIS/EIS investment applications. Let […]
10
Aug
Aug
10 min read If you run a family business you should make sure you are maximizing the opportunities for tax relief. One smart way to do this is pay a salary to your spouse, partner or adult children in return for the help they give you with your business. Not only does this increase your […]
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