HMRC is now taking action against taxpayers who should already be using Making Tax Digital but haven’t registered. If you’re a sole trader or landlord, here’s what you need to know. Let’s be honest. Making Tax Digital (MTD) has been talked about for years. Some businesses have already made the switch. Others have been getting […]
Read MoreDid your accountant tell you HMRC has increased the car and van mileage rate from 45p to 55p per mile? If you use your own car or van for business, there’s an important change you need to know about. From 6 April 2026, HMRC increased the approved mileage rate for cars and vans from 45p […]
Read MoreIf you’re self-employed, a sole trader, landlord, contractor or company director who completes a Self Assessment tax return, one date you shouldn’t overlook is 31 July 2026. For many UK taxpayers, this is the deadline for making the second Self Assessment Payment on Account for the 2025/26 tax year. While January tends to receive most […]
Read MoreFor many business owners, Making Tax Digital (MTD) sounds like another government initiative that’s going to create more paperwork and more admin. The truth is rather different. When implemented properly, Making Tax Digital for small businesses can actually make bookkeeping simpler, improve cash flow visibility and remove much of the stress that comes with preparing […]
Read MoreRunning a business can be rewarding, but let’s be honest: financial stress is one of the biggest challenges faced by UK business owners. Whether you’re an IT contractor, engineer, tradesperson, digital agency owner, ecommerce seller, coach, fitness professional or content creator, worrying about cash flow, tax bills and paperwork can quickly become overwhelming. The good […]
Read MoreRunning a growing business comes with enough pressure already. But one thing we see time and time again at Honest Accounting is this: Most accounting problems don’t happen overnight. They build slowly. A few missed receipts.Tax not being set aside properly.No visibility on cash flow.Systems getting ignored because business is “too busy.” And before long? […]
Read MoreHow should you pay yourself from a limited company? If you’re a director of a limited company, one of the biggest financial decisions you’ll make is how you pay yourself. Get it right, and you’ll keep more of your income.Get it wrong, and you could be paying more tax than you need to—every single year. […]
Read MoreWhen you’re running a business, dealing with HMRC penalties probably isn’t top of your priority list, until it becomes unavoidable. The reality is that penalties can build up quickly, often from simple oversights like late filings or missed deadlines. Understanding how they work (and how to avoid them) can save you both money and unnecessary […]
Read MoreWe’re here to make things simple. Whether you’re unsure about tax, need clarity on our fixed pricing, or just want some straightforward advice, ask away. At Honest Accounting, we’ll give you clear answers and practical solutions—no overpromises, just the support your business needs to move forward.
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