Resources
Understanding the complexities of UK tax laws and HMRC regulations can be overwhelming. That’s why we’ve established this dedicated hub, delivering clear, current answers to your most critical tax questions. Whether you’re a freelancer, small business owner, or need guidance on your tax duties, our resource is designed to simplify and clarify HMRC processes, ensuring you remain informed and compliant with confidence.
Guides
The Guides section offers in-depth articles on key topics such as laws and regulations, empowering women in business, reducing tax bills, understanding capital gains tax, and more. Designed to provide you with essential knowledge and insights for navigating today’s dynamic business landscape.
Fake AI Receipts: Why We’re Getting a Bit Twitchy About Expenses 🤖💸
AI can do some amazing things… but also some weird and dodgy ones. One thing that’s popped up lately? People using AI to create fake receipts and invoices – and they look very real. Like, convincing enough to get through a busy finance team on a Friday afternoon real. So, from an accountant’s point of … Read more
💰 Optimal Director’s Salary 2025/26 – What’s the Smartest Move?
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
Claiming Pre-Incorporation Expenses: What You Need to Know 💡
Starting a new business comes with plenty of upfront costs, but did you know that you can claim some of these expenses even if they were incurred before your company was officially formed? If you’ve spent money on business-related costs before incorporation, you might be able to offset these against your company’s tax bill. Let’s … Read more
Payments on Account Explained: What You Need to Know 💡
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
Can You Claim Business Expenses Without a Receipt?
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
The Changing World of Company Cars 🚗📈: What You Need to Know!
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
Vehicle Tax Allowances for Sole Traders 🚗💸: What You Need to Know
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
How to Download Bank Statements from HSBC for Accounting
Using the Mobile Banking App Using Online Banking How easy it to file a tax return with Dead Simple Accounting?
How to Download Bank Statements from Lloyds for Accounting
Downloading your bank statements from Lloyds is easy and convenient, whether you use the Mobile Banking app or Internet Banking. Follow the steps below to access and download your statements. Using the Mobile Banking App Using Internet Banking For Credit Card Statements To obtain credit card statements as a PDF: How easy it to file … Read more
Autumn Budget 2024: Essential Updates for Individuals and Businesses
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
Expenses
Looking to reduce your tax bill? The Expenses section provides comprehensive guides tailored to various professions, helping you understand and manage deductible expenses effectively. Explore detailed insights to maximise your tax savings and streamline your financial management.
31 Expenses for Interior Designers
As an interior designer, you manage a range of creative and administrative tasks—from sourcing fabrics and planning layouts to marketing your services and meeting clients. Each of these activities can come with costs that may be claimed as allowable expenses on your tax return. HMRC stipulates that expenses must be wholly and exclusively for your … Read more
36 Expenses for Personal Trainers
Whether you’re running your own fitness studio or meeting clients in various locations, being a personal trainer involves a range of business-related costs. Understanding which expenses you can claim will help lower your taxable income. However, always remember that HMRC requires expenses to be wholly and exclusively for the purpose of your trade. When in … Read more
30 Expenses for HGV Drivers
Driving a heavy goods vehicle involves long hours, strict regulations, and constant travel. If you’re self-employed or need to submit a self-assessment tax return, it’s important to know which work-related expenses you can claim to reduce your tax bill. Below, we’ve outlined some of the most common expenses for UK-based HGV drivers. Remember, HMRC requires … Read more
30 Expenses for Actors, Celebrities & the Entertainment Industry
Whether you’re an aspiring actor, a rising entertainer, or a celebrity with a packed schedule, understanding which expenses you can claim is crucial for staying on top of your finances. From costumes to agent fees, there can be many tax-deductible costs that reduce your taxable income in the UK. Remember, HMRC requires that all claimed … Read more
30 Expenses for Influencers & Content Creators
As a social influencer or content creator, your world revolves around building your brand, engaging with followers, and creating eye-catching content. But there’s one area you shouldn’t overlook—your finances. Knowing which expenses you can claim will help you reduce your tax bill and keep more of your hard-earned income. With HMRC’s rules in mind, remember … Read more
30 Expenses for Professional Gamers & Streamers
With gaming and streaming careers on the rise, whether you’re hosting a Twitch channel, competing in esports tournaments, or creating content on YouTube, it’s essential to understand which expenses you can claim against your taxable income. Managing these costs can feel overwhelming, but as accountants who understand the gaming industry, we’re here to guide you. … Read more
30 Expenses for Artists
Running an artistic business involves a wide range of activities and expenses, from purchasing materials to promoting your work. Managing these expenses can be complex, but as accountants for artists, we’re here to provide clarity and support. This guide highlights the essential expenses you can claim, allowing you to focus on your art while optimising … Read more
34 Expenses for Musicians
Being a musician involves a wide range of activities and expenses, from purchasing instruments to promoting your music. Managing these expenses can be complex, but as accountants for musicians, we’re here to provide clarity and support. This guide highlights the essential expenses you can claim, allowing you to focus on your music while optimising your … Read more
25 Expenses for OnlyFans Creators
Creating content on OnlyFans involves a diverse range of activities and expenses. From filming to editing to marketing your content, there are many costs you can claim to reduce your tax bill. Navigating these expenses can be complex, but as accountants for OnlyFans creators, we’re here to provide clarity and support. This guide highlights the … Read more
29 Expenses for Yoga/Pilates Instructors
Teaching Yoga and Pilates requires a harmonious blend of physical expertise and mental focus. Between guiding students through sessions and perfecting your own practice, there’s little time left to manage the complexities of taxes and expenses. Worry not, as we’re here to provide clarity and support. Having offered accountancy services for Yoga and Pilates instructors … Read more
Calculators
The Calculators section offers a range of tools designed to simplify your financial calculations. From capital gains tax to income projections, find the calculators you need to accurately manage and forecast your finances.
Corporation Tax Deadline & Payment Calculator
Stay on top of your company’s tax obligations with our Corporation Tax Deadlines Calculator. Designed for businesses across the UK, this tool quickly determines your key corporate deadlines based on your accounting period end date. Whether you’re a new company director or an experienced financial manager, our calculator provides instant, accurate information to help you … Read more
VAT Filing & Payment Date Calculator
Simplify your VAT management with our user-friendly VAT Filing & Payment Deadline Calculator. Designed for businesses across the United Kingdom, this tool swiftly determines your upcoming VAT deadlines, helping you stay compliant with HMRC requirements. Whether you’re a seasoned business owner or new to VAT submissions, our calculator offers clear, instant insights to support your … Read more
Child Benefit Calculator
Navigate the complexities of UK Child Benefit with our easy-to-use calculator. Designed for families across the United Kingdom, this tool swiftly determines your potential Child Benefit entitlement, helping you understand your financial support for raising children. Whether you’re expecting your first child or planning your family’s finances, our calculator offers clear, instant insights to support … Read more
Employment Income Tax Calculator
Easily determine your tax obligations with our Employment Income Tax Calculator. Tailored for UK residents, this tool quickly calculates the taxes due on your earnings, helping you understand your take-home pay and tax liabilities. Whether you’re navigating a new job or planning your finances, our calculator offers clear, instant insights to support your financial planning. … Read more
Pension Tax Relief Calculator
Maximise your pension contributions with our Pension Tax Relief Calculator. Designed for UK residents, this tool helps you swiftly calculate the tax relief you’re entitled to on your private pension contributions. Whether you’re self-employed or employed, our calculator provides clear, instant estimations to guide your retirement planning effectively. Simplify your pension contributions and enhance your … Read more
Capital Gains Tax Calculator
Discover how to optimise your tax savings with our Capital Gains Tax Calculator. Perfect for UK residents, this tool helps you swiftly calculate potential taxes on the sale of assets or property. Whether you’re a first-time seller or a seasoned investor, our calculator provides clear, instant estimations to guide your financial decisions effectively. Simplify your … Read more
FAQs
Our FAQs sections offer concise answers to common queries, helping you navigate the complexities of VAT with ease. For official guidance, our HMRC FAQs compile key information directly from the source. Whether you’re seeking quick answers or authoritative details, these resources will help you stay informed and compliant with UK VAT regulations.
HMRC FAQs
Navigating the complexities of UK tax laws and HMRC regulations can be daunting. That’s why we’ve created this dedicated hub, offering concise, up-to-date answers to your most pressing tax-related questions.
Accounting FAQs
Unravel the complexities of accounting with our FAQ section. We tackle common queries on bookkeeping, financial reporting, and regulatory compliance. Get clear, concise answers to help you manage your finances effectively and make informed business decisions. Our accounting FAQs are your quick guide to financial clarity.
Bank Export Guides
These days, an export of your business banking account is often enough information for an accountant. However, working out how to do a full export can often be challenging! As such, we’ve put together these quick bank export guides for common providers.
How to Download a Bank Statement from Halifax for Accounting
Log in to Halifax Online Banking (desktop version only – this feature isn’t available on the mobile version). Select the account from which you’d like to download statements. Click on the ‘Statement Options’ menu on the right-hand side, then select ‘Monthly PDFs’. Choose the months you wish to save or download. Click ‘View PDF’ to … Read more
How to Export Bank Statements from Lloyds
What is a CSV file? A CSV file is a type of Excel spreadsheet that contains all your transactions within a selected date range. It’s the most efficient way for an accountant or bookkeeper to review your transactions and prepare your accounts. Using a CSV file saves time on printing, posting, processing – and sometimes … Read more
How to Export Bank Statements from HSBC Kinect
Exporting your bank statements from HSBC Kinect is quick and easy, making it simple to manage your financial records or share data with your accountant. Follow the steps below to download your statements. Step 1: Open the App Open and log in to the HSBC Kinect app. Begin by selecting the account you wish to … Read more
How to Export Bank Statements from Revolut Bank for Accounting
Exporting your bank statements from Revolut is quick and easy, making it simple to manage your financial records or share data with your accountant. Follow the steps below to download your statements. How easy it to file a tax return with Dead Simple Accounting?
How to Export Bank Statements from Monzo Bank for Accounting
Exporting your Monzo bank statements is simple and can be done directly through the app. Follow these steps to download your statements in PDF, CSV, or QIF formats. How easy it to file a tax return with Dead Simple Accounting?
How to Export Bank Statements from Tide Bank for Accounting
Exporting your transaction data from Tide is simple and can be done directly from the mobile app. Follow these steps to download and share your bank statements. How easy it to file a tax return with Dead Simple Accounting?
How to Download Bank Statements from Barclays For Accounting
Exporting your Barclays bank statements in CSV format is quick and simple, making it easier to manage your finances or share data with your accountant. Follow the steps below to download your transactions. Steps to Download Your Barclays Statement How easy it to file a tax return with Dead Simple Accounting?
How to Download a Bank Statement from Nationwide for Accounting
Exporting your bank statements from Nationwide is quick and ensures your financial data is ready for accounting or tax purposes. Follow this step-by-step guide to download your transactions as a CSV file. How easy it to file a tax return with Dead Simple Accounting?
How to Download Bank Statements from Santander for Accounting
Exporting your Santander bank statements is simple and ensures your financial data is ready for accounting or tax purposes. Follow these steps: Steps to Download Your Statements How easy it to file a tax return with Dead Simple Accounting?
How to Download a Bank Statement from NatWest for Accounting
Exporting your NatWest bank statements in CSV format is straightforward and ensures you can easily share data with your accountant or organise your finances. Follow these step-by-step instructions. How easy it to file a tax return with Dead Simple Accounting?
