Why is keeping business and personal finances separate so important?
Posted on August 13, 2026 Posted in - Blog, Finance, TaxWhere personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache.
The ongoing economic challenges that face individuals and businesses alike are placing a greater strain on charities.
It has been reported that UK taxpayers have paid £153.7 billion in tax and National Insurance (NI) in May 2026.
2029 may seem like a while away. However, from that point, B2B and B2G transactions must be invoiced electronically and businesses must be prepared to adapt to this new requirement with minimal disruption.
The revised version of FRS 102 has now come into effect for accounting periods starting on or after 1 January 2026 and it will affect how your business prepares accounts under UK GAAP.
Staff costs represent a substantial portion of your expenditure as a business owner, so it’s important that you understand what payments you have to make and how to plan for them.
Effectively managing your budget is crucial for business success, especially in challenging economic times.
From a tax planning perspective, incorporation of a business into a limited company has long been considered the gold standard in business development and growth – but is this still the right move?
If you’re a high earner with between £100,000 and £150,000 in net adjusted income, you’ll soon receive a letter from HM Revenue & Customs (HMRC) regarding whether you need to continue submitting a Self-Assessment tax return.
If you’ve invested in a property to let and furnished it, you will be liable to pay tax on the income you receive from letting the property out.