Insights, updates, and practical advice from our team of accountants and bookkeepers.
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.
The UK government's June 2026 Tax Update brings major changes for sole traders, small businesses and Ltd companies — from monthly Self Assessment via PAYE to new HMRC debt recovery powers. Here's what you need to know.
HMRC is hiring 5,500 new compliance officers as part of a £2.6 billion crackdown on the UK tax gap. Small businesses account for 60% of that gap — here's what it means for you and how to stay on the right side of HMRC.
HMRC has issued an urgent reminder — sole traders and landlords earning over £50,000 must submit their first Making Tax Digital quarterly update by 7 August 2026. Here is everything you need to know and do right now.
HMRC is targeting VAT-registered businesses that haven't faced a compliance check in five years — and 50% of those receiving its new nudge letters will be visited. Here's what every business owner needs to know and do right now.
HMRC has added new mandatory boxes to the 2025/26 Self Assessment for limited company directors — covering dividends, shareholding percentages and close company status. Miss them and face an automatic £60 penalty. Here’s exactly what to declare.
HMRC has raised the approved mileage rate for cars and vans to 55p per mile — the first increase since 2011. Here is what UK small businesses, sole traders, and employers need to know and do before their next tax filing.
ICAEW is urging sole traders and landlords to sign up for Making Tax Digital for Income Tax immediately — the first quarterly update is due 7 August 2026, yet over 580,000 affected taxpayers have still not registered.
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