If you run your own limited company, you’ve probably asked: “What’s the most tax-efficient salary to pay myself this year?” Good news – we’ve got a clear and simple answer 🎯 🔮 Our Recommendation: £6,500 per year For the 2025/26 tax year, we’re recommending most directors pay themselves £6,500 per annum – that’s about £541.67 … Read more

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