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Money & Tax

HMRC Investigation Triggers for Small Businesses: What Puts You on the Radar

An HMRC investigation is a compliance check into your tax return, VAT return, payroll or company accounts. HMRC opens one when something in your...

Closing a Limited Company: Tax Implications in the UK

Closing a limited company creates tax in two places. The company pays Corporation Tax on its final profits. You then pay personal tax on...
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Tax Deductible Business Expenses UK: Full List for Sole Traders and Limited Companies (2026/27)

A tax deductible business expense is a cost you can subtract from your business income before tax is worked...

Entrepreneurs’ Relief vs Business Asset Disposal Relief: What Changed and What It Means in 2026

Entrepreneurs' Relief and Business Asset Disposal Relief (BADR) are the same tax relief. The government renamed it on 6...

How to Claim R&D Tax Credits in the UK: Step-by-Step Guide

You claim R&D tax credits on your Company Tax Return (CT600). Before that, you may need to send HMRC...

HMRC Self Assessment Allowable Expenses: What Sole Traders Can Claim

Allowable expenses are business costs you can deduct from your income on a Self Assessment return. They cut your...

Customs Duties After Brexit: A Practical Guide for UK Small Businesses (2026)

Updated 5 October 2026 Small businesses do pay customs duties after Brexit, but not on every shipment. What you owe...

IR35 Rules for Small Businesses in 2026: Are You Exempt, and From When?

IR35 rules for small businesses in 2026 come down to one question: is your business small? If it is,...