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How much tax will I pay as self-employed?

If you’re self-employed, one of the biggest questions is:“How much tax am I actually going to have to pay?”The honest answer is: it depends on your profit—not your income—and a few other factors.But once you understand how it works, it becomes much easier to estimate....

What expenses can I claim as a sole trader?

If you’re self-employed, one of the most common questions is:“What can I actually claim as an expense?”Getting this right is important. Claiming the correct expenses can reduce your tax bill—but claiming the wrong things can cause problems if HMRC ever asks questions.The key rule is simple:You can claim expenses that are wholly and exclusively for your business....

When should I go limited as a sole trader?

If you’re running a business as a sole trader, it’s only a matter of time before you start wondering:“Should I be a limited company instead?”It’s a common question—and the answer isn’t always straightforward.The short version is: there isn’t one fixed point where you have to go limited. But there are some clear signs that it might be the right time....

Common Accounting Mistakes Small Businesses Make (and How to Avoid Them)

Running a small business comes with many challenges, and managing finances effectively is crucial for long-term success. However, many business owners unknowingly make accounting mistakes that can lead to cash flow issues, tax penalties, and even business failure. Here are some of the most common accounting pitfalls and how to avoid them....

Making Tax Digital: What You Need to Know

The UK government’s Making Tax Digital (MTD) initiative is transforming the way businesses manage and submit their taxes. The scheme aims to simplify tax reporting, reduce errors, and make compliance more efficient through digital solutions. If your company is subject to MTD, it’s essential to understand the requirements and how to ensure compliance....

Tax Considerations for Company Directors

Running a limited company in the UK can offer financial and operational flexibility, but it also comes with tax and compliance responsibilities. Whether you’re a new director or looking to stay updated on changes for the 2025-26 tax year, here’s what you need to know....