Tyne Valley Accountants

11/05/2026

Probably one of the most common questions we are asked by sole traders is “how much tax will I actually pay?”

And the answer is usually more complicated than people expect — because it’s not just one tax.

We have written a blog explaining how self-employed tax works in a more practical way, including what starts building up behind the scenes as your income increases.

Not sure how much tax you’ll pay as self-employed? A simple guide to income tax, National Insurance and what to expect from your tax bill.

07/05/2026

One of the things that causes the most confusion for sole traders is expenses.

A business expense isn’t just “something you bought for the business” — it needs to be for business use, and some areas are less straightforward than people realise.

We’ve written a blog covering some of the questions we are asked most often, including travel, working from home, mobile phones and using your own car.

Not sure what expenses you can claim as a sole trader? A clear guide to allowable costs, common mistakes and how to reduce your tax bill.

28/04/2026

At some point, most sole traders ask:

“Should I be a limited company instead?”

It’s a good question—but there’s no one-size-fits-all answer.

It depends on things like:

- your profit levels
- how you want to take income
- your plans for the business

We’ve put together a simple guide to help you understand when it might be the right time:

https://www.tynevalleyaccountants.co.uk/blog/post/26398/when-should-i-go-limited-as-a-sole-trader/

If you want to chat it through, just drop us a message.

When should you go limited as a sole trader? Clear advice on tax, profits and next steps for small businesses in Newcastle and Gateshead.

01/04/2026

Have you heard about Making Tax Digital (MTD)?

You may already have received a letter from HMRC about upcoming changes to how your tax information is reported.

From April 2026, many self-employed individuals and landlords will need to keep digital records and submit updates to HMRC using compatible software.

Not sure if this affects you?
Have you received a letter and don’t know what to do next?

Get in touch for chat and we can help you understand where you stand and what steps (if any) you need to take.

25/02/2025

Quick Tip: Want to improve cash flow? Set up a cash flow forecast and track it regularly to avoid unexpected shortfalls. Need help? We’re just a message away! "

18/02/2025

Small Business Owners – Are You Making These Accounting Mistakes?

Managing your finances effectively is key to business success, but common accounting errors can lead to cash flow problems, tax penalties, and missed opportunities.

Here are some top mistakes to avoid:
📌 Poor cash flow management
📌 Mixing personal & business finances
📌 Missing tax deadlines
📌 Not claiming all allowable expenses
📌 DIY accounting without expert advice

Don't let accounting errors hold you back! Read our latest blog for tips on how to stay on top of your finances.

📖 Read here: https://www.tynevalleyaccountants.co.uk/blog/post/23782/common-accounting-mistakes-small-businesses-make-and-how-to-avoid-them

💬 Need help? Tyne Valley Accountants is here to support your business. Get in touch today!

11/02/2025

Are you ready for the 2025-26 tax year? Changes to Corporation Tax, VAT, Dividends, and Employer's NICs could impact your business!

Our latest blog covers:
✅ Corporation Tax & VAT updates
✅ Self-Assessment & Dividend Tax Rates
✅ Employment Allowance & Employer’s NICs
✅ Compliance & Filing Deadlines

Make sure you're up to date! Read the full blog now:

Running a limited company in the UK can offer financial and operational flexibility, but it also comes with tax and compliance responsibilities. Whether you’re a new director or looking to stay update