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Profit matters but cash flow is what keeps business alive and moving forward. You can be profitable on paper and still face a crisis if cash isn't landing when you need it. The difference between businesses that grow with confidence and those that constantly feel under pressure? Clarity and planning. Here's how to get both: Know Your Future Cash Position — Not Just Today's Balance Your bank balance tells you where you are right now. A cash flow forecast tells you where you’re

With the end of the tax year approaching, a popular question when sitting down with my clients is “what can I actually claim for?”. Here’s a straightforward guide to what you can and can't claim as allowable business expenses. What are allowable business expenses? Allowable expenses are costs that are “wholly and exclusively” for the purpose of running your business. Key points to remember: The cost must have a genuine business purpose, not mainly personal. You need evidence.

When I started my new business, one of the first decisions I made was choosing the right business structure. Whether to be a sole trader, enter a partnership or set up as a limited company (Ltd). The structure i choose affected how i pay tax, handle my finances and protect my personal assets. Today, I break down the most common UK business structures, highlighting the pros, cons, and key things to know before you get started. Sole Trader Becoming a sole trader is the simplest

It was a warm summer’s evening when I finally made the choice to take the leap of faith and set up my own business. One week later, I handed my notice in and two months after that, I had left full time employment to begin my journey as an entrepreneur. What have I learnt? It’s sometimes better who you know rather than what you know! I say that because all my clients so far have been family friends or friends of friends. Especially in my profession, it is a very trust-based se

With the HMRC self-assessment tax return deadline fast approaching on the 31 st January, I have decided to write this month’s blog on what information is required when filing your tax returns. This means that your tax return is accurate, compliant, and optimised — helping you avoid penalties, errors, and unnecessary tax. 1. Personal Information - Full name - Date of birth - National Insurance number - Unique Taxpayer Reference (UTR)

This month I’ve decided to write my monthly blog on the budget that was announced by the government last week and how this impacts small businesses going forward. I will include the changes that impact individuals at the end of my blog but won’t go into as much detail. What are the Changes to Businesses of the Government Budget and what do they mean? Changes to business from the Government Budget What does this change mean? From April 2026, the writing down allowance (WDA) ma

You may have heard of Making Tax Digital (MTD) for Income Tax and be wondering, “How does this impact me or my business?”. Below is a simple breakdown of what it means, who it applies to and the key dates to be aware of. Who does it impact? MTD for Income Tax applies to Sole traders and Landlords. If you are a LTD company director or a part of a partnership, you will continue to submit an annual self-assessment tax return by the usual 31 st January deadline. When does it imp