From April 2026, if you’re earning over £50,000 from self-employment or rental income, you’ll need to keep digital records and send updates to HMRC every quarter.
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MTD for Income Tax: What It Means for You and What to Do Now
From April 2026, if you’re earning over £50,000 from self-employment or rental income, you’ll need to keep digital records and send updates to HMRC every quarter.
How Does Cash Flow Forecasting Help Avoid A Business Crisis?
For many small and medium enterprises (SMEs) across the United Kingdom, one of the most common and disruptive challenges is a sudden business crisis linked to poor cash flow management.
Tax Tips To Help Landlords Manage Buy-To-Let Finances Efficiently
Managing a buy-to-let property in the UK can be financially rewarding, but things often feel confusing and overwhelming when it comes to taxes.
What Are The Best Ways For Small Businesses To Recover From Debt?
Debt can be one of the most challenging obstacles a small business faces. However, it’s important to remember that recovery is entirely possible with the right approach, planning, and support.
Choosing the Right Accounting Software for Making Tax Digital (MTD)
Most business owners don’t dream of spending their evenings picking accounting software. I get it — you’d probably rather focus on running and growing your business.
What Small Businesses Need To Know About MTD
Making Tax Digital (MTD) is a government initiative designed to modernise the tax system and make it easier for businesses to handle their tax affairs. The aim is to replace traditional paper-based tax records with digital accounting.
How To Set Competitive IT Contractor Rates Without Undervaluing Yourself
As an IT contractor, one of your most important decisions is determining how much to charge for your services. Setting the proper rates is crucial to ensure you’re compensated fairly for your skills and expertise, but it can also be a delicate balancing act.
IT Contractors vs Full-Time Employees: Who Pays More Tax In The UK Today?
In the UK, the taxation of IT professionals varies significantly depending on whether they operate as contractors or are employed full-time. Understanding these differences is crucial for financial planning and compliance with tax regulations.
Fresh Funding Insights to Help Your Organisation Thrive
To support CICs and charities in their fundraising efforts, I’ve compiled a detailed funding update packed with actionable insights. This resource will help you identify funding opportunities, understand key financial risks, and improve your organisation’s financial health.
Spring Statement & OBR Forecasts – What It Means for Your Business
Last week, Chancellor Rachel Reeves delivered her Spring Statement, outlining the government’s latest economic plans, tax policies, and public spending decisions.
Two Free Networking Events in Rochdale
If you’re a small business owner in the North West, we run two completely free networking events designed to help you connect without awkward elevator pitches or forced referrals.
Spring Statement 2025 – key takeaways
On 26 March 2025, Chancellor Rachel Reeves delivered her Spring Statement. With slow economic growth and rising government borrowing costs, she’s sticking to her ‘non-negotiable’ fiscal rules—which means no new tax cuts or rises for now.
Key Changes in DUAB for Small Businesses
Building on the shelved Data Protection and Digital Information Bill, DUAB will impact how businesses handle data, market to customers, and use artificial intelligence (AI). Here’s a practical breakdown of what you need to know.
HMRC’s U-Turn on Double Cab Pick-Up Taxation
The Autumn Budget confirmed that from April, double cab pick-ups will face company car tax treatment rather than the lower van tax rate. This change dramatically increases BIK tax for drivers using these vehicles for work.
Rachel Reeves Spring statement March 2025
So, the latest Spring Statement is in, and – shockingly – things aren’t quite as rosy as the government would like us to believe.
HMRC Duplicate Employment Records – A Growing Issue
HMRC are experiencing issues with duplicate employment records when companies change accountants mid-year. In some cases, this is leading to underpayments in tax, as employees appear to have two sets of income from the same employer.
Optimising Your Director’s Salary for 2025/26
As a director of a UK limited company, structuring your salary tax-efficiently is key. Changes in the 2025/26 tax year—including adjustments to National Insurance Contributions (NICs) and the Employment Allowance—could affect your take-home pay.
For charities and Community Interest Companies (CICs), financial management is often a complex, time-consuming process. Unlike traditional businesses, these organizations must track multiple income sources, manage restricted and unrestricted funds, and report to various regulators, including the Charity Commission, Companies House, and HMRC.
When Should Freelance Consultants Seek Professional Tax Advice?
Freelance consultants enjoy the flexibility of working for themselves, but with that freedom comes the responsibility of managing taxes. While many freelancers are comfortable handling their tax matters, there are times when seeking professional tax advice is essential.
Inside Vs. Outside IR35: What It Means For Your Business
In our recent blog, we explained what IR35 is. Today, we’ll explore the critical distinction between “inside” and “outside” IR35 and what it means for your business. Understanding these classifications is essential for contractors, freelancers, and businesses.
Understanding IR35: A Comprehensive Guide for Contractors in 2025
The IR35 legislation, also known as the off-payroll working rules, is a crucial topic for contractors, freelancers, and businesses in the UK and understanding how it affects your contracting work in 2025 is essential.
The Benefits Of Professional Accounting Services For Freelancers
Freelancing is an exciting and dynamic career path. It offers freedom, creativity, and the opportunity to be your own boss. But with this freedom comes the responsibility of managing your finances, taxes, and compliance with ever-changing regulations.
What Is IR35 In The UK? Do The Rules Apply To You?
Understanding tax laws can feel overwhelming, but some rules directly impact how you work and get paid. One such rule is IR35. If you’re a contractor, freelancer, or work through a limited company, the term IR35 might already be on your radar. But what does it really mean?
How To Manage Cash Flow? Guide For Freelancers
Managing cash flow is essential for freelancers, as you’re responsible for your work and finances. Unlike traditional employees, freelancers often face fluctuating income, making it challenging to cover expenses, pay bills, and save for the future.
Buy-to-Let: Should You Buy Through a Limited Company or in Your Own Name?
This guide helps provide clear, actionable advice to clients on whether to purchase buy-to-let (BTL) properties through a limited company or in their personal name.
Hi there, Welcome to your February dose of business insights! Packed with useful updates, this update will help you stay ahead of the curve. Got questions or need tailored advice? Just shout—we’re here to help!
Pay Less Tax: February 2025 Edition
Hello there! Welcome to February’s edition of Less Tax -your guide to all things tax, simplified for your busy life. We hope you find this update useful. Got questions? We’re just a call or email away!
Hi there, Welcome to the latest edition of Protect Your Family! In this issue, we’ll explore updates in estate administration, big changes to death certificates in England and Wales, and key takeaways from the Autumn Budget 2024.
How Effective Tax Planning Can Minimise Corporate Tax Liabilities
Corporate tax liabilities are one of the most significant financial obligations for businesses. Whether you’re a small enterprise or a multinational corporation, minimising your tax burden can enhance profitability, improve cash flow, and provide more resources for reinvestment.
How To Prepare Your Business For A Financial Audit
Preparing for a financial audit is a crucial step for any business, ensuring that your financial records are accurate, compliant with regulations, and ready for review.
A Guide To Managing Business Expenses For Long-Term Success
Managing business expenses is a critical part of ensuring your company’s success. Proper expense management helps maintain cash flow, enhances profitability, and secures financial sustainability.
Top Tax Saving Strategies for Entrepreneurs
As a start-up entrepreneur or business owner, one of the most crucial aspects of managing your finances is understanding how to save tax legally.
The new Chancellor Jeremy Hunt had warned the public and the financial markets that his Autumn Statement would include “eye-watering” cuts in public spending and tax rises for those with the ‘broadest shoulders’.
If you have any specific questions or would like to see how we can help you, feel free to reach out to us on 01706 225 617 or email enquiries@uk-ccm.com.