Creating a realistic budget is one of the smartest steps a UK director can take to strengthen cash flow, control costs, and plan confidently for growth. This guide walks you through the essential budgeting process - from analysing past performance to forecasting revenue, managing expenses, planning for tax, and building a financial buffer that keeps your limited company resilient and future-ready.

Understanding which expenses you can claim as a sole trader is one of the simplest ways to reduce your tax bill. This guide breaks down the rules on allowable expenses, capital allowances, home office costs, and mileage so you can confidently claim every deduction you're entitled to — and avoid paying more tax than you need to.

VAT can be confusing for sole traders, but it doesn’t have to be. This post looks at when to register, which VAT scheme suits your business, and how to manage returns under Making Tax Digital.