Accounting Blog

HMRC can legally revisit tax returns years after filing. This guide explains why enquiries arise, the difference between enquiries and discovery assessments, how far back HMRC can go, what information they can demand, and practical steps individuals and small business owners can take to manage stress, reduce risk, and resolve.

Learn how to calculate and plan taxes when business income fluctuates. This guide explains profit-based tracking, rolling forecasts, effective tax rates, and smart set-aside strategies to protect cash flow, avoid surprises, handle seasonality, and stay compliant even with irregular or highly volatile income for freelancers, startups, and growing companies worldwide.

Can you claim tax relief on business equipment bought on finance? This guide explains loans, hire purchase, and leases, how capital allowances work, which finance interest is deductible, and when monthly payments qualify as expenses. Learn how VAT, mixed use, and timing affect claims for small businesses and contractors worldwide.

This guide explains when medical checks and tests can (and cannot) be claimed as business expenses. Learn how tax authorities distinguish personal healthcare from legitimate business costs, which scenarios may qualify, how rules differ by work structure, and what documentation you need to reduce risk.

Learn how to record income paid through third-party platforms like marketplaces, payment processors, and gig apps. This guide explains gross versus net income, platform fees, refunds, taxes, payout timing, and clearing accounts, with practical bookkeeping workflows to keep records accurate, reconciled, and audit-ready for freelancers, creators, and small businesses worldwide.

Many people earn both employment income and self-employed profits. This guide explains dual status tax rules, how payroll and self-assessment interact, registration duties, allowable expenses, social contributions, VAT risks, and common mistakes. Learn how mixed income affects tax bands, cash flow, and compliance, and how to avoid bills or penalties.

Can business travel insurance be claimed as an expense? This guide explains when travel insurance is tax-deductible, how employees, freelancers, and companies should treat premiums, and what to do with mixed business and personal cover. Learn practical rules, common mistakes, and how to document claims properly.

Future-proof bookkeeping means building a scalable financial system that delivers accurate, timely, decision-ready numbers as your business grows. It goes beyond software, focusing on structure, processes, controls, and clean data so your books stay reliable through expansion, complexity, financing, and long-term strategic decisions.

Learn when VAT is due on deposits and advance payments, how to tell taxable part-payments from refundable security deposits, and why timing matters. This guide explains tax points, invoicing, cancellations, vouchers, and common mistakes, with practical examples to help businesses handle VAT accurately and avoid double counting and compliance risks.