New Mileage Rate 2026: What the 55p Per Mile Increase Means for Your Business
The mileage rate 2026 update is welcome news for anyone who drives their own vehicle for work. For the first time in 15 years, the UK business mileage rate has gone up. On Thursday 21 May 2026, Chancellor Rachel Reeves announced that the approved rate is rising from 45p to 55p per mile, and the […]
Side Hustle Tax UK 2026: When You Must Tell HMRC
If you have ever sold a few things on Vinted, picked up freelance work on Upwork, or rented out your spare room on Airbnb, the rules around side hustle tax UK have probably crossed your mind. In 2026, they should. HMRC now receives income data directly from digital platforms, and the questions of who needs […]
Sole Trader vs Limited Company UK: Which Business Structure Should You Choose in 2026?
The sole trader vs limited company UK question is one of the most important decisions you’ll make as a business owner. The structure you pick affects how much tax you pay, how much paperwork you handle, how much personal risk you carry, and how the outside world sees your business. There is no single answer […]
Salary vs Dividends UK: How to Pay Yourself From a Limited Company in 2026
If you run a limited company in the UK, one of the biggest financial decisions you make every year isn’t which clients to take on — it’s how to pay yourself. Get the salary vs dividends UK split right and you can keep thousands of pounds more of your hard-earned profits. Get it wrong and […]
Companies House ID Verification: What UK Directors Need to Do in 2026
If you run a limited company in the UK, Companies House ID verification is now something you cannot afford to ignore. For years, setting up and managing a company in the UK was relatively simple. In many ways, that was helpful for genuine business owners. But it also created problems. False company appointments, inaccurate records, […]
Companies House Identity Verification for Directors: What UK Businesses Need to Do Now
If you run a limited company, Companies House identity verification for directors is now something you need to understand properly. This is not one of those background rule changes you can ignore and deal with later. This is now part of the compliance picture for UK businesses, and many directors are still unclear on what […]
Making Tax Digital for Income Tax: What UK Businesses Must Do Now (2026 Guide)
Making Tax Digital for Income Tax UK is no longer something to prepare for “one day” — it’s happening now. From April 2026, HMRC is fundamentally changing how sole traders and landlords report their income. If you’re used to filing one tax return per year, that’s about to become a much more regular process. For […]
7 Signs Your Business Needs an Accountant Now
Running a business often starts simple. A few clients, manageable income, and basic expenses. But over time, things change. Money moves faster, decisions become harder, and suddenly your numbers aren’t as clear as they used to be. That’s usually the point where a business needs an accountant. The challenge is, most business owners don’t realise […]
Poor Financial Management in Business – 7 Warning Signs Your Business Finances Are Out of Control
Poor financial management in business is one of the most common reasons small businesses struggle — even when sales are strong. It rarely feels obvious at first. Things seem fine on the surface, but underneath, decisions are being made without clear numbers, structure, or planning. Over time, small gaps in visibility turn into bigger issues […]
Making Tax Digital for Small Businesses UK: What You Need to Do Before 2026
Making tax digital is changing how UK businesses report income Making tax digital is one of the most significant changes to the UK tax system in recent years, and it’s approaching faster than many small business owners realise. From April 2026, thousands of businesses will be required to follow making tax digital rules for Income […]
