Craker Business Solutions

Craker Business Solutions We offer a full range of accountancy, tax and advice services.

We can take care of everything from bookkeeping to acting on your behalf with HMRC and making filings at Companies House.

📌 Payment on Account deadline: 31st JulyA quick reminder to all self-assessment taxpayers — your second Payment on Accou...
09/07/2026

📌 Payment on Account deadline: 31st July

A quick reminder to all self-assessment taxpayers — your second Payment on Account for the 2024/25 tax year is due by 31st July 2026.

✅ Log in to your HMRC account and check exactly how much is owed — the figure is based on last year's tax bill, but it may have changed if you've filed your return or made adjustments.
✅ If your income has dropped this year, you can apply to reduce your Payments on Account so you're not overpaying.
✅ Pay on time to avoid interest charges — HMRC's late-payment interest adds up quickly.

29/06/2026

One of the biggest changes many company directors may not be aware of is the new Self Assessment reporting requirements for the 2025/26 tax year.
If you're a director of a close company (which includes most owner-managed businesses), HMRC now requires additional information to be included on your tax return, including:

🔹Company name and registration number
🔹Dividends received from the company
🔹Your percentage shareholding

It's another reminder that tax compliance continues to evolve, and keeping on top of these changes is becoming increasingly important for both directors and their advisers.

If you're a company director and complete a Self Assessment tax return, now is a good time to ensure you're aware of these new reporting obligations before filing your tax return.

🚗 Mileage rates are going up!HMRC has updated the approved mileage allowance payments (AMAPs) — good news for anyone usi...
12/06/2026

🚗 Mileage rates are going up!
HMRC has updated the approved mileage allowance payments (AMAPs) — good news for anyone using their own vehicle for business travel.

📈 New rates:
• Cars & vans — 55p per mile (first 10,000 miles)
• Motorcycles — 24p per mile
• Bicycles — 20p per mile

If you reimburse employees (or claim as a sole trader/director), make sure your policies, expense apps and payroll are updated to reflect the new figures.

🔗 Full guidance: https://lnkd.in/dvYqTuF

💼 A director's loan account (DLA) tracks money flowing between you and your company. It seems simple — until HMRC gets i...
05/06/2026

💼 A director's loan account (DLA) tracks money flowing between you and your company. It seems simple — until HMRC gets involved.

Here's what most directors miss: 👇

When YOU owe the company money: If your DLA is overdrawn at year-end and not repaid within 9 months ⏳, your company pays Section 455 tax at 33.75% on the balance. That tax is only repaid by HMRC when YOU repay the loan.

When the company owes YOU money: You're in the safer position, but watch out: if the company pays you interest, it's a deductible expense for the company but taxable income for you.

🌟 The golden rules:
Keep detailed records of every transaction 📝
Repay overdrawn balances before the 9-month deadline ⏰
Charge commercial interest rates if the company borrows from you 💰
Document everything in board minutes 📄

Most business owners don't need to be VAT experts. But these three are non-negotiable 👇1️⃣ £90,000 — the line in the san...
22/05/2026

Most business owners don't need to be VAT experts. But these three are non-negotiable 👇

1️⃣ £90,000 — the line in the sand
If your taxable turnover hits £90,000 in any rolling 12-month period (not your tax year — any 12 months), you must register with HMRC.
You also need to register if you expect to cross £90,000 in the next 30 days alone.
Miss the deadline and HMRC will backdate your registration.

2️⃣ Zero-rated is NOT the same as exempt ⚠️
➡️ Zero-rated (0%) — children's clothes, most food, books.
➡️ Exempt — insurance, postage stamps, most financial services, healthcare.

3️⃣ Every 3 months — HMRC wants its update
Quarterly VAT returns. Submitted digitally under Making Tax Digital. Payment due roughly one month and seven days after the quarter ends.

Late filing = penalty points. Enough points = automatic fines. HMRC doesn't send polite reminders.

The new HMRC penalty regime under Making Tax Digital — in 30 seconds:Late filings:→ 1 point per missed update→ £200 fine...
08/05/2026

The new HMRC penalty regime under Making Tax Digital — in 30 seconds:
Late filings:

→ 1 point per missed update
→ £200 fine at 4 points

Late payments
→ 3% daily interest after 15 days
→ +3% of the balance after 30 days
→ 10% per annum thereafter

If your quarterly process is not yet bulletproof, let's fix that now.

28/04/2026

A huge thank you to Craker Business Solutions for renewing their pitchside banner and programme advert 🔴⚪️

Your continued support means a lot to the club 🤝

A good accountant doesn't promise loopholes. We promise attention.Three quiet wins worth reviewing before your next year...
24/04/2026

A good accountant doesn't promise loopholes. We promise attention.

Three quiet wins worth reviewing before your next year-end:

→ Salary & dividends, calibrated to the optimum threshold — so April holds no surprises.
→ Director pension contributions that reduce corporation tax, not your lifestyle.
→ The reliefs most directors miss: R&D, capital allowances, electric vehicles.

None of it is loud. All of it is legal. And done well, it compounds — year after year, into something genuinely meaningful.

If your tax bill feels heavier than it should, it probably is.

09/04/2026

📊 Bookkeeping isn’t admin… it’s your business radar

If your books aren’t up to date, you’re not seeing the full picture.
And with Making Tax Digital (MTD) becoming more important, that can quickly turn into a problem 👇

🚨 MTD is expanding:
📅 From April 2026 – many self-employed individuals & landlords earning £50k+ must follow MTD rules

💡 That means:
✔️ Digital records are a must
✔️ Regular updates (not once a year!)
✔️ Submitting information quarterly

So bookkeeping isn’t just about staying organised anymore…
It’s about staying compliant.

🚩 Common issues we see:
– Leaving everything until year-end
– Missing receipts
– Mixing personal & business spending
– Using systems that aren’t MTD-ready

💡 The good news?
Simple, consistent bookkeeping now = a smooth transition later.

Don’t wait until MTD is forced on you. Get ahead of it.

📩 If your books need a tidy-up or you’re not sure if you’re MTD-ready, drop me a message.


💰 Dividends in 2026/27 – what company directors need to knowIf you run a limited company, how you pay yourself still mat...
19/03/2026

💰 Dividends in 2026/27 – what company directors need to know

If you run a limited company, how you pay yourself still matters… a lot.

👉 A few quick reminders:

The dividend allowance is just £500
Dividends are still taxed at lower rates than salary
You still need enough profits to pay dividends legally
Timing your dividends across tax years can make a big difference

⚠️ We’re seeing more directors caught out by:

Taking dividends without realising the tax due
Not setting money aside for their personal tax bill
Mixing salary and dividends inefficiently

💡 A quick review now can save you a surprise later.

If you’re not sure whether you’re paying yourself in the most tax-efficient way, feel free to get in touch — happy to help.

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Brighton And Hove

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