Accounting

If you’re self-employed or earn income outside PAYE, you might have come across something called Payments on Account. It can feel like a bit of a surprise tax bill 💸, but don’t worry—we’ll break it down in simple terms so you know exactly what to expect! What Are Payments on Account? 🤔 Payments on Account … Read more

Keeping receipts for all your business expenses might seem like a chore, but it’s crucial when claiming expenses or reclaiming VAT. That said, if you’ve lost a receipt or didn’t get one, all is not lost! Let’s go through what you need to know to claim business expenses when a receipt is missing.  Are Receipts … Read more

Thinking of getting a company car?  Or maybe you already have one and want to stay ahead of the curve? Let’s break down the recent changes and how they might affect you (and your wallet!) in simple terms.  What’s Changing & When?  HMRC is adjusting the tax rules for company cars starting from April 2025. Here’s what’s … Read more

Are you a sole trader using a car, van, or bike for work? Good news—you can claim tax relief on your vehicle expenses! Let’s break down how you can save money and keep things simple. 💼🏎️ What Are Vehicle Tax Allowances?  Vehicle tax allowances let sole traders claim back some of the costs of running … Read more

Individuals Employment and Wages 💸 – Minimum Wage Increase: From April 2025, the minimum wage will increase by 6.7% to £12.21 per hour for adults. – 18-20-Year-Old Minimum Wage: Younger workers’ minimum wage will rise to £10 per hour. – Carer’s Allowance: The allowance will rise from £81.90 per week to the equivalent of 16 … Read more

Thinking about starting your own business or going freelance? If you’re serious about making your venture official, it’s worth considering a private limited company. Setting up as a limited company isn’t just for the big players—it’s a smart move for solo operators and small businesses alike. Here’s why it might be the best decision for … Read more

Ever spotted the code 1257L on your payslip and wondered what on earth it means? You’re not alone! Understanding your tax code can feel like cracking a secret code, but it’s super important to get it right. Let’s break it down in plain English so you know exactly what’s going on with your money. What … Read more

Earning money through dividends is a smart move, but knowing how much tax you’ll pay on them is crucial to keeping that cash flowing. The UK government has shaken things up again for the 2024/25 tax year, so let’s break down exactly what you need to know about dividend taxes. 📉 Dividend Allowance Changes Here’s … Read more