If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you need to pay them.
What Sole Traders need to know about tax


If you are about to start your business or are currently running a small business, it is important that you understand your tax obligations and when you need to pay them.

AI is rapidly becoming a part of every aspect of life and business and you may have been implementing your own AI services to make life easier.

If you manage or run an incorporated business such as a limited company, you are required to register for Corporation Tax which means you need to know your obligations and ensure you are paying your bill on time.

For the second consecutive month, inflation in the UK has stayed at 3.8 per cent which effectively means general costs have stayed at the same price.

There’s plenty of pessimism about the UK jobs market at the moment, but not every change is a bad omen.
A recently released report from HM Treasury has confirmed that the Chancellor Rachel Reeves is reviewing the Small Business Rates Relief (SBRR), as she attempts to kick-start the economy and give businesses a platform to expand and grow.

The way pay-as-you-earn (PAYE) taxpayers can make a pension tax relief claim has changed with HM Revenue and Customs (HMRC) confirming all claims must be made online or by letter and include supporting evidence.

Given the major changes to Companies House, Making Tax Digital (MTD), and various other regulations in a short space of time, it is no wonder that business owners can be feeling a bit confused about their current obligations.

During the 2024 Autumn Budget, Chancellor Rachel Reeves announced that from 2027, unused pension pots will be taken into account when working out the total value of an individual’s estate.

The Chancellor Rachel Reeves has announced she will deliver her Autumn Budget on Wednesday, 26 November 2025.