You didn’t start your business to be an accountant! You DON’T need to know it all. So don’t beat yourself up about the fact that you don’t know it all, or feel that you need to spend all hours of the day and night researching and finding things out!   You DON’T need to know […]

Most business owners live in a fantasy when it comes to their company’s value. They look at their annual revenue, multiply it by some number they heard at a networking event, and convince themselves that is what someone would pay for their business. The reality is far more complex and often far less flattering. Your […]

So you have had to buy a smart new outfit for an important client meeting. Surely you can put this clothing through as a business expense right? Unfortunately no! To qualify as a business expense, you must use the clothing “wholly and exclusively for business” to meet HMRC’s basic test. This means no personal benefit. […]

Simplify Multi-Platform Selling with Dext Commerce How many different ways can your customers buy from you — and on how many platforms? As a consumer, I know the journey can vary. Sometimes I head straight to a brand’s website. Other times, I discover products on Amazon, Etsy, or Not On The High Street.  When it’s […]

Making Tax Digital for Income Tax is coming, and if you’re a sole trader or landlord, you’ll need compliant MTD software to manage your tax obligations from April 2026. While the technical requirements might seem daunting, choosing the right software can actually make your life easier and save you money in the long run.   […]

It’s inevitable. We live in the UK! It’s going to rain (physically, and, metaphorically!) So, if a rainy day spoils your plans, what can you do to make the most of it?   1) Clear that Inbox  We’re all guilty of it. Snoozing emails, or leaving them unread at the bottom of the inbox, just […]

In your First Year of business, it’s tempting to believe success should happen yesterday. You’ve put in the work, launched with enthusiasm, and now… where’s the overflowing bank account you were promised?  Here’s the truth: most businesses don’t make a profit in their first year. And that’s not failure—it’s part of the process. Year one […]

From 6 April 2026, Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) officially begins its phased rollout. This will be a significant change in how self-employed individuals and landlords report income to HMRC.   Who does this apply to? From April 2026, anyone who is self-employed and landlords who have a combined […]

In the dynamic realm of small business finance, one of the most perplexing challenges entrepreneurs face is the discrepancy between their bank balance and their profit and loss (P&L) statement. It’s a common misconception that these two figures should align perfectly, but the reality is often quite different. However, don’t panic! This divergence doesn’t necessarily […]