Every time a director of a limited company makes a personal purchase through their company, a debt is formally created. That debt is tracked in the Director's Loan Account — and if it grows too large or is left outstanding too long, the tax consequences can be severe.
HMRC is tightening its powers to look further back into tax affairs, with 20-year time limits already in play for deliberate errors and new adviser rules on the way. Here's what it means for sole traders, small businesses and Ltd companies.
Employer NIC jumped to 15%, the secondary threshold dropped to £5,000, and the minimum wage rose again. Here's exactly what changed for small business payroll in April 2026 and what you need to do about it.
Wondering when to go from sole trader to limited company? This plain-English guide covers the profit thresholds, real tax savings, extra costs, and everything you need to know before making the move.
A plain-English guide to typical UK accountancy and bookkeeping fees in 2026 — from sole trader self assessment costs to full limited company packages. Find out what you should really be paying.
UK small businesses are owed £26 billion in unpaid invoices and 38 close every single day because of late payments. New laws are coming — here is what it means for you.
HMRC now has data on 4 million online sellers. If you earn anything on the side — from eBay, Etsy, Airbnb, or TikTok — here is what you need to declare and when.
Making Tax Digital for Income Tax is live — and the first quarterly submission deadline falls on 7 August 2026. If you are a sole trader or landlord earning over £50,000, here is exactly what you need to do before the deadline.
HMRC has quietly restarted its Direct Recovery of Debts power — allowing it to take unpaid tax directly from your bank account without a court order. Here's what it means for sole traders, small businesses, and limited companies, and how to protect yourself.
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