http://www.tynevalleyaccountants.co.uk/blog/ The latest Blog feeds from www.tynevalleyaccountants.co.uk en-us Fri, 19 Jun 2026 04:03:50 +0100 Rocketspark http://www.tynevalleyaccountants.co.uk/blog/post/26400/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.... Mon, 11 May 2026 10:00:00 +0100 http://www.tynevalleyaccountants.co.uk/blog/#post26400 http://www.tynevalleyaccountants.co.uk/blog/post/26399/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.... Tue, 05 May 2026 10:00:00 +0100 http://www.tynevalleyaccountants.co.uk/blog/#post26399 http://www.tynevalleyaccountants.co.uk/blog/post/26398/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.... Tue, 28 Apr 2026 12:32:58 +0100 http://www.tynevalleyaccountants.co.uk/blog/#post26398 http://www.tynevalleyaccountants.co.uk/blog/post/23782/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.... Tue, 18 Feb 2025 14:00:10 +0000 http://www.tynevalleyaccountants.co.uk/blog/#post23782 http://www.tynevalleyaccountants.co.uk/blog/post/23777/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.... Tue, 11 Feb 2025 11:39:58 +0000 http://www.tynevalleyaccountants.co.uk/blog/#post23777 http://www.tynevalleyaccountants.co.uk/blog/post/23773/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.... Tue, 11 Feb 2025 11:27:47 +0000 http://www.tynevalleyaccountants.co.uk/blog/#post23773