From mixing personal and business finances to missing the MTD deadline — discover the 5 most common bookkeeping mistakes UK sole traders make and exactly how to fix each one before they cost you money.
Plain-English bookkeeping, VAT, and Making Tax Digital advice — written by a Xero Certified advisor who works with UK businesses every day.
From mixing personal and business finances to missing the MTD deadline — discover the 5 most common bookkeeping mistakes UK sole traders make and exactly how to fix each one before they cost you money.
MTD for Income Tax is live from 6 April 2026. If you earn over £50,000 as a sole trader, your first quarterly deadline is 7 August 2026. Here is exactly what you need to do.
Most UK sole traders are confused about the difference. This guide explains what each does, what you actually need at your stage of business, and how to avoid overpaying for services you do not need.
The first MTD for Income Tax quarterly deadline lands on 7 August 2026. Here is what to submit, by when, and how to avoid a last-minute scramble.
HMRC's mandatory two-factor authentication rollout for agent services began in June 2026. Here is what is changing and what you need to do.
From Corporation Tax payments to advisory fuel rate updates — a practical rundown of what UK businesses need to action this month.
HMRC updated its advisory fuel rates from 1 June 2026. Here is what changed and how it affects company car mileage claims.