Making Tax Digital for Income Tax: who’s affected and what to do
MTD for Income Tax started in April 2026 for sole traders and landlords over £50,000. Who joins when, how quarterly updates work, and what limited company directors need to know.
Author: Caroline Brockwell
Payments on Account for Self-Assessment
Understand HMRC’s Payments on Account: key deadlines, managing extra income, and avoiding interest. Essential tax guidance for UK taxpayers.
How to Register as Self-employed with HMRC
Before we explain how to register as a self-employed individual, let’s look at what it means to be self-employed or a sole trader. A person who runs…
What Expenses Can You Claim with a Limited Company? HMRC Allowable Costs
It’s essential to know what expenses you can claim with a Limited Company. Especially those HMRC would deem as an allowable or disallowable expense for corporation tax relief.
Purchasing a Van through a Limited Company Guide
Thinking of purchasing a van through a limited company? Let’s look at the benefits of buying a company van and the tax treatment of each purchase or lease type…
How to pay yourself from a Limited Company
Understanding the difference between salary and dividends is the first step to paying yourself from a limited company. Next you can setup payroll, calculate company profit, pay yourself with dividends, and repay yourself for expenses. Not only does this allow you to be tax efficient, but also ensure compliance with HMRC. Incorrectly taking money from your company could result in unwanted tax implications.
How to Set Up a Limited Company
Contractors, freelancers & creators may want to protect their business assets and activities. See how to set up a limited company and the benefits included.
Dormant Company Guide
A dormant company can be setup when it’s incorporated or later on after it’s trading. There is a difference between a non-trading company and a dormant one
Flat Rate VAT Scheme Guide
The Flat Rate VAT scheme allows businesses to simplify their VAT returns. This guide will help you to quickly understand what it means for your business.
5 IR35 Questions to Ask Yourself
IR35 is often overlooked or feared by contractors.Here are 5 simple IR35 questions you can ask yourself to minimise your risk of being caught by HMRC.