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July is one of the busiest months in the tax calendar, with employer reporting deadlines clustered around the 6th, mid-month PAYE and CIS payments, and the Self Assessment second payment on account at the end. Here is a quick look at key dates for July 2026.
Social media is one of the most cost-effective ways for UK freelancers to find clients and build a reputation. This guide covers the right platforms, content that attracts work, and the HMRC rules every self-employed person needs to know.
Can sole traders register for VAT? Yes, and beyond a turnover of £90,000 it becomes compulsory. This post looks at the rolling 12-month threshold, the two tests HMRC uses, when voluntary registration makes sense, your ongoing obligations, and the penalties for registering late.
Every pound of legitimate expense you fail to claim is a pound you pay tax on unnecessarily. This post looks at how landlord tax deductions work: what you can claim against rental income, how Section 24 affects mortgage interest, the repairs versus improvements trap, and the record-keeping that keeps you compliant as Making Tax Digital rolls out.
Dividends are one of the most common ways directors pay themselves, but they come with rules that are easy to get wrong. This post looks at what dividends are, who can receive them, how they are taxed in the tax year, and exactly what you need to do to declare and record them correctly.
Sole trader or limited company? It is one of the most important decisions a UK business owner will make. This post looks at some of the key differences, covering tax rates, National Insurance, dividend rules, legal liability, Making Tax Digital, and when incorporation is likely to save you money.
From April 2026, sole traders and landlords earning above £50,000 have had to submit quarterly updates to HMRC under Making Tax Digital for Income Tax. If you have never done this before, our step-by-step guide walks you through everything you need to know, from setting up compatible software to hitting submit on your first return.
Sole trader invoices are more than a payment request. Get them right and you set clear expectations, look professional, and get paid on time. This guide covers what yours must include and how to make them work harder for your business.
Stay on top of your tax obligations with our complete guide to the key accounting dates for June 2026, covering Corporation Tax, PAYE, VAT, CIS, and payrolled benefits deadlines.
The VAT reverse charge shifts responsibility for accounting for VAT from the supplier to the customer. This guide explains how it works, who it applies to, and what UK businesses need to do to stay compliant.
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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.
Content is for general information only. Always take advice.
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