There’s a big change coming to UK tax in 2026, and if you’re a small business owner or landlord , it might shake up how you do your bookkeeping. It’s called Making Tax Digital (MTD) for Income Tax , and it kicks in from 6 April 2026  for certain taxpayers. Instead of a single yearly tax return rush, MTD will require more frequent, digital reporting of your income and expenses. Sounds daunting? Don’t worry – this post breaks down what’s happening, who’s affected, and how you c

New year, tight deadline.  January 31st is the UK’s Self Assessment tax return deadline – and if you’re a busy small business owner or sole trader, it’s coming up fast. Missing the deadline isn’t an option unless you fancy a £100 late filing penalty  (and more penalties as time goes on). The good news? There’s still time to get your tax return sorted if you act now. This guide will help you survive the last-minute rush and avoid being one of the 1.1 million taxpayers who miss

Understanding the January Slump January often exposes issues that were hidden by December’s busyness. It’s essential to recognise these challenges early. By understanding the factors at play, you can take proactive steps to ensure your business remains resilient. 1. Review Your Cash Position Early Before the month gets underway, take time to review: Current bank balances Outstanding invoices Upcoming bills VAT, PAYE, and Corporation Tax deadlines Direct debits and subscriptio

Introduction: why these numbers matter now If you’re nudging past £500k and eyeing the £1m mark, “looking busy” can hide profit leaks. Projects run long, invoices slip and hiring decisions get made on gut feel. The fix isn’t more spreadsheets — it’s a short list of service business KPIs  that give you forward-looking visibility, so you can price with confidence, plan capacity and protect cash before year-end. And with late payments still biting UK SMEs, the right KPIs help yo

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