Electric vehicles (EVs) are popping up everywhere. Whether you are eyeing up a Tesla or a Polestar, the tax rules can be a bit of a minefield. Because EVs have so many incentives (like 2% Benefit in Kind and zero road tax), many people assume they are also VAT-free. Spoiler alert: They aren’t. But, depending … Read more
Let’s be honest. Looking at a tax bill when the cash flow just isn’t there is one of the most stressful parts of running a business. Whether it is rising costs or a client who hasn’t paid you on time, sometimes the numbers just don’t add up by the deadline. If you are in this … Read more
Divorce doesn’t have to be hostile or dramatic — but even the most amicable break-up comes with financial decisions, admin, and a few costs you need to be ready for. Here’s a clear, straightforward guide to help you understand what to expect, what to organise, and how to protect yourself financially before, during, and after … Read more
If you earn between £100,000 and £125,140, you could be paying an effective tax rate of 60% on part of your income. It sounds unbelievable, but it’s exactly what happens when your personal allowance starts being taken away. It’s one of the harshest quirks in the UK tax system — and one most people don’t … Read more
A six-figure salary used to be the line between “comfortable” and “doing really well”. These days, a lot of people earning £100,000 or more would strongly disagree. In fact, there’s even a nickname for them now: the “Henry”. High Earner, Not Rich Yet. And surprisingly, the Henrys might have a point. Despite being among the … Read more
Pensions should make retirement feel simple and secure, but the tax side can become complicated quickly. With the state pension rising, the personal allowance frozen, and HMRC still applying rules in their own mysterious way, more people are finding themselves paying tax on income they never expected to be taxed at all. Below are four … Read more
If you’re thinking about giving away money to reduce a future inheritance tax bill, there is one rule that matters more than anything else. It’s simple, powerful, and makes a huge difference to what your family eventually pays. It’s called the seven year rule. This rule is basically the crown jewel of inheritance tax planning. … Read more
With all the talk about artificial intelligence and Making Tax Digital, you might be wondering if accountants are becoming obsolete. Spoiler alert: they’re not. In fact, as technology takes over the boring bits, your accountant becomes more valuable for the things that actually matter to your business. HMRC still works like it’s 1999 (sometimes) Let’s … Read more
Starting a business is exciting, but let’s be honest – the paperwork side of things can be a proper headache. Company formation, registered addresses, VAT registration… it’s enough to make you want to stay a sole trader forever. But here’s the thing: incorporating as a limited company often makes financial sense. Better credibility with suppliers, … Read more
Thinking about buying a used electric vehicle (EV) for your business? Smart move – electric cars are brilliant for the environment and your running costs. But if you’re a sole trader, you might be wondering: “Can I save VAT if I buy the car through my business?” The short answer? It’s complicated. But don’t worry … Read more
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