What Is Qualifying Income for Making Tax Digital
A sole trader who invoiced £55,000 last year but spent £20,000 on costs has qualifying income of £55,000, not £35,000. HMRC looks at gross receipts...
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MTD ITSA is Live: Your 2026 Penalty Holiday Explained
As of 6 April 2026, Making Tax Digital for Income Tax Self Assessment (MTD ITSA) is officially the new standard for UK landlords and self-employed...
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Sole Trader to Limited Company: What Changes Financially?
Growing your business is a good problem to have. If the ease of being a sole trader no longer meets your ambitions, it might be...
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MTD for Bristol Landlords 2026: The £50k Threshold Guide
For many years, the concept of Making Tax Digital (MTD) has seemed like a moving target. Delays and consultations followed more delays. It is no...
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How Much Can You Earn Self-Employed Before Paying Tax?
Over the past decade, self-employment has become one of the fastest-growing sectors in the UK. Whether launching a consultancy career or running a “side hustle”...
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Making Tax Digital for Income Tax Self Assessment
If you’re a landlord or self-employed, you may have heard updates about Making Tax Digital for Income Tax and wondered what it actually entails. Essentially,...
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CIS Explained: What Contractors and Subcontractors Need to Know
If you work in construction, you’ve probably heard of the Construction Industry Scheme (CIS). It’s designed to simplify how tax is deducted and managed between...
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How to Pay Yourself from a Limited Company
If you have set up a limited company, one of the first questions you will face is how to pay yourself. It is a common...
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Accounting for Property Developers: Structures, Tax & Compliance Essentials
Property development is often exciting and lucrative, but hardly ever straightforward. From balancing contractors to keeping your projects on track and finding funding, accounting is...
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Partnership Vs Limited Company: What’s Right for Your Business?
Small businesses are on the rise, but before you dive into something like coming up with a name or logo, we have an essential question...
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