Can You Be a Sole Trader and Employed at the Same Time?

Yes, you can be a sole trader and employed at the same time in the UK. Millions of people do it. But there are tax obligations, HMRC registration requirements, and Making Tax Digital rules you need to understand. This guide covers everything you need to know.

What are Payments on Account?

Payments on account catch thousands of taxpayers off guard every January and July. This guide explains how they are calculated, when they are due, and how to apply to reduce them if your income has fallen

The Tax Implications of Selling Your Business

Selling a business is one of the most significant financial events in an entrepreneur's life, and the tax implications can be substantial. This post looks at what UK business owners need to know about Capital Gains Tax on a business sale, including Business Asset Disposal Relief, the current 2026/27 rates, share sales versus asset sales, earn-outs, and the planning strategies that can help reduce your overall liability.

How to Manage Business Expenses on the Go

Managing business expenses on the go doesn't have to mean lost receipts and end-of-month headaches. This guide covers the practical tools available to UK business owners, directors, and employers - from receipt capture apps and mileage trackers to cloud accounting integration - so every allowable cost is recorded accurately, compliantly, and with minimal effort.

What Is a Balance Sheet and How Do You Read One?

If you run a limited company, your balance sheet is one of the most important documents your business produces - yet it is often the least understood. This guide explains what a balance sheet is, how to read each section, and what your figures tell you about the financial health of your business.

Are You Ready for MTD for Income Tax?

Making Tax Digital for Income Tax becomes mandatory from April 2026 for many UK sole traders and landlords. This guide explains who is affected, what changes, and how to prepare early to avoid penalties and stay in control of your finances.

CIS Refund Form Explained

If you work in construction under the Construction Industry Scheme, you may be paying more tax than you owe. This guide explains how CIS refunds work, which form applies to your business type, what documents you need, and how to claim back overpaid tax through Self Assessment or the limited company repayment process.

What is a Balancing Payment?

Understanding a balancing payment is essential for anyone completing a Self Assessment in the UK. This post explains what a balancing payment is, who needs to make one, and how it is calculated. Learn how it interacts with payments on account, common mistakes to avoid, and practical tips for managing your tax liability effectively.

Key Accounting Dates April 2026: Important UK Tax Deadlines for Your Business

April 2026 is one of the most important months in the UK tax calendar. From Corporation Tax payments and VAT returns to the start of Making Tax Digital for Income Tax and sweeping changes to Inheritance Tax reliefs, there is a lot to stay on top of. This guide covers every key deadline and new measure, with add-to-calendar links for each date.

Can I go from Limited Company to Sole Trader?

Yes, you can move from a limited company to sole trader status, but it requires more than simply changing how you trade. This guide covers everything you need to know before making the switch.
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