Business Tax Tips
What Happens to Your Tax When You Have Two Jobs?
October 1, 2026What Happens to Your Tax When You Have Two Jobs? Having two jobs is increasingly common. You might have: A full-time job and an evening job Two part-time jobs Seasonal work alongside your main employment A PAYE job alongside a pension Multiple casual or zero-hours roles Having more than one job does not automatically mean
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Can You Claim Tax Relief for Using Your Own Car for Work?
September 30, 2026Can You Claim Tax Relief for Using Your Own Car for Work? Using your own car for work can become expensive. Fuel, servicing, insurance, tyres and depreciation all add up, particularly if your job involves regular travel. If your employer reimburses you for business mileage, you may already receive some money towards those costs. But
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Do You Pay Tax When You Sell Your Home?
September 14, 2026Do You Pay Tax When You Sell Your Home? Selling your home can involve a large amount of money. If the property has increased significantly in value since you bought it, it is natural to wonder: “Will I have to pay tax on the profit?” For many homeowners, the answer is no. If the property
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Do You Have to Pay Tax on Money You Inherit?
September 13, 2026Do You Have to Pay Tax on Money You Inherit? Receiving an inheritance can create a lot of financial questions. You may inherit: Cash Property Investments Shares Savings Personal possessions And one of the first questions is often: “Do I need to pay tax on it?” In many cases, you do not pay Income Tax
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Do You Pay Tax When You Sell Shares in the UK?
September 11, 2026Do You Pay Tax When You Sell Shares in the UK? Investing has become much more accessible. Online platforms now make it possible to buy and sell shares within minutes, and more people are building investment portfolios outside pensions and workplace schemes. But selling an investment for more than you paid for it can create
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How Long Should You Keep Tax Records in the UK?
September 11, 2026How Long Should You Keep Tax Records in the UK? Keeping financial records is not the most exciting part of managing your finances, but it can become very important if HMRC asks questions later. Many people are unsure how long they should keep: Tax returns Bank statements Payslips Receipts Property records Business invoices Investment statements
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Tax breaks but more reporting: the key summer 2026 tax changes for businesses Summer 2026 brings a mix of useful tax breaks and extra reporting obligations for UK businesses, directors, landlords, sole traders and individuals with cryptoassets. Some of the changes are designed to reduce costs, such as the temporary VAT cut for family attractions
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The Only Three Ways to Grow a Business
August 19, 2026The Only Three Ways to Grow a Business Business growth can quickly become complicated. There are marketing strategies, sales systems, pricing models, automation tools, new products, recruitment plans and countless other ideas designed to help businesses grow. But underneath almost every growth strategy are the same three fundamentals. There are only three basic ways to
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What Happens If I Take Too Much Money Out of My Limited Company? A practical guide to salary, dividends, Director’s Loans and what happens when you withdraw more money from your company than expected. Taking money out of your limited company is one of the biggest advantages of being a company director. However, it’s also
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Can I Pay My Children Through My Limited Company?
August 2, 2026Learn when your limited company can employ your children, the HMRC rules you need to follow and how to structure the arrangement correctly and compliantly. Many business owners involve their children in the family business from an early age. They might help with filing, packing orders, social media, cleaning the office or carrying out simple
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