Tax Planning — Guides, Tips & Expert Advice
Tax planning strategies, allowances, reliefs, and tips to reduce your tax bill legally.
178 articles on Tax Planning
How to Prepare Your Bookkeeping for MTD Quarterly Submissions
MTD means quarterly updates to HMRC. Here's how to stay on top of your bookkeeping so submission day is stress-free.
Tax on Business Grants and Government Subsidies
Most business grants are taxable income. Learn which grants are taxable, which are exempt, and how to report them correctly.
Can I Claim My Phone Bill as a Business Expense?
How to claim your phone bill as a business expense, including the two methods HMRC accepts and what records you need to keep.
What Happens If I Miss the Self Assessment Deadline?
The exact penalties for missing the Self Assessment deadline, from the initial £100 fine to the 5% surcharges, plus how to appeal.
Employing Family Members: Tax Benefits and HMRC Rules
How to legitimately employ your spouse, partner, or children in your business to save tax, and what HMRC expects.
Can I Claim Clothing as a Business Expense? HMRC Rules Explained
HMRC's rules on claiming clothing as a business expense. Uniforms and PPE yes, suits and smart clothes no. Here is exactly where the line is.
How Much Tax Will I Pay as a Sole Trader? Calculator and Examples
Worked examples showing exactly how much tax a sole trader pays at different profit levels for 2025/26, including income tax and NI.
Business Asset Disposal Relief: Selling Your Business Tax-Efficiently
How Business Asset Disposal Relief (formerly Entrepreneurs' Relief) cuts CGT to 10% when you sell your business, and how to qualify.
Self Assessment Deadlines 2025/26: Every Date You Need to Know
Every Self Assessment deadline for 2025/26 including filing dates, payment dates, and penalty amounts for missing them.
Starting a Business Mid-Year: How Tax Works in Your First Year
What you need to know about tax when you start a business partway through the year, from registration to your first return.
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