How to Register for the CIS

Learn how to register for the Construction Industry Scheme (CIS), who needs to register, how CIS deductions work and the key deadlines you need to know. This guide covers CIS registration, gross payment status, monthly returns, penalties and practical tips for UK contractors and subcontractors.

A Client Cancelled Your Contract – What Are Your Rights as a Contractor?

A client cancelling a contract is frustrating, but it does not always mean you walk away empty-handed. This post explains your rights as a UK contractor when a client pulls out: how to check whether the cancellation was allowed, when it becomes a breach of contract, what you can claim, and the tax and VAT points that catch people out.

How to Handle Client Relationships and Communication as a UK Freelancer

Strong client relationships are the backbone of a successful freelance business. This post is for UK freelancers showing how to set expectations, communicate professionally, handle contracts and invoicing, and stay on top of tax obligations to build trust and win repeat work.

The Link Between Financial Stress and Mental Health in Business Owners

Running a business means carrying a financial weight few people ever experience, and it takes a real toll on mental health. This guide looks honestly at why financial stress hits UK business owners so hard, how it affects wellbeing, and the practical steps you can take to ease the pressure, from smarter cash flow habits to the support HMRC offers when you cannot pay.

Copyright and IP Protection for the Self-Employed

Your ideas, brand and creative work are the foundation of your business, yet many freelancers and sole traders leave them exposed. This post gives an overview on how to protect your intellectual property under UK law, from automatic copyright and registered trade marks to contracts, NDAs and the tax treatment of IP costs.

How to Budget Effectively as a Sole Trader

Budgeting as a sole trader means knowing what you earn, what you owe, and what is genuinely yours to spend. This post looks at how to separate your money, set aside the right amount for Income Tax and Class 4 National Insurance, plan for payments on account, and stay ready for Making Tax Digital, along with the tools and accounts that make it all easier to manage.

Sick Pay for the Self-Employed: What You Need to Know

Self-employed and wondering what happens if you get ill? You can't claim Statutory Sick Pay, but you're not left with nothing. This guide walks through New Style ESA, Universal Credit, PIP and income protection insurance, plus the practical steps worth taking now so a spell of illness never turns into a financial emergency.

Key Accounting Dates July 2026

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.

Can I Be VAT Registered as a Sole Trader?

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.

How to Submit Your First MTD Quarterly Update

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.
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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.

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