Hub Chartered Accountants

20/05/2026

💡 Can You Charge Interest on a Director’s Loan Account — and Is It Tax Efficient?

If your company owes you money through a credit Director’s Loan Account (DLA), you may be able to charge the company interest on that balance.

In some situations, this can be a tax-efficient way to extract funds from your business — especially when dividends aren’t available.

But there are important rules to follow 👇

✅ The interest rate must be commercially reasonable
✅ The loan should be properly documented
✅ The company may need to withhold basic rate tax and file CT61 returns
✅ Timing matters for corporation tax relief
✅ The director may still need to declare the interest on their Self Assessment tax return

For many owner-managed businesses, this is an overlooked planning opportunity — but getting it wrong can create unexpected tax issues.

If you’re unsure whether charging interest on your DLA is right for your situation, it’s worth taking professional advice before implementing it.

📞 Need help reviewing your Director’s Loan Account or extracting profits tax-efficiently? Get in touch with the team at Hub Accountants.

18/05/2026

📚 Book Recommendation: The Drift by Aynsley Damery

“Businesses don’t collapse. They drift.”

That line from the book perfectly captures Aynsley’s perspective, and it’s exactly why his thinking resonates with so many business owners.

It’s been a pleasure supporting Aynsley on the launch of The Drift. We’ve worked with him over the past three years, and he consistently shares practical, no-nonsense guidance for ambitious businesses and their advisors alike.

The book is packed with clear, actionable advice—focusing on doing the simple things well, consistently, rather than overcomplicating growth.

A strong read for any business owner looking to build clarity, momentum, and sustainable growth. Highly recommended.

15/05/2026

Paul and the team are officially flipping the script on accounting! 🙃✨

The crew had an amazing day checking out the latest tech at Accountex. Of course, they couldn't resist stopping by the Xero booth for a quick gravity-defying photo op.

Proof that even when business gets upside down, we always find a way to keep things balanced and fun. 💙

13/05/2026

Why its a good idea to submit your Self Assessment tax return now?

You don’t have to wait until January — you can complete and submit it now, at a time that suits you.

Why submit early?

✅ Get tax refunds sooner
If you’re due a refund, HMRC can process it earlier.

✅ Know what you owe
Submitting early gives you time to budget ahead for the 31 January 2027 payment deadline. You can even set up a Budget Payment Plan to spread the cost.

✅ Less stress
Avoid the January rush and last-minute pressure.

✅ Proof of income
A completed tax return can help support mortgage, loan or benefit applications.

Remember: submitting your tax return early does not mean you need to pay early.

You still have until 31 January 2027 to pay your 2025–2026 Self Assessment tax bill.

08/05/2026

We love receiving feedback like this from our clients ⭐️

Supporting businesses with independent advice, strategic insight, and practical guidance is at the heart of what we do — so it’s always rewarding to hear when our work is making a real difference.

A big thank you to our clients for putting their trust in Paul and the team. We’re proud to be part of your journey and look forward to continuing to support your growth.

05/05/2026

🚨 Landlords: Are you ready for the Renters’ Rights Act?

From 1 May 2026, the biggest change to renting in England for a generation is now in force — and it applies to all tenancies, new and existing.

Here’s what you need to know 👇
🔹 Section 21 abolished – no more “no-fault” evictions
🔹 All ASTs now become periodic tenancies
🔹 Stronger tenant security across the board

📌 What this means for you:
✔️ Review your eviction processes
✔️ Understand the new possession grounds
✔️ Update your internal procedures
✔️ Provide the official Renters’ Rights document to tenants by 31 May 2026 (or risk fines)

💡 If you haven’t already, now’s the time to audit your tenancy agreements and compliance records — and seek professional advice to stay on the right side of the new framework.

28/04/2026

We keep seeing the same mistakes costing business owners time, money… and a lot of unnecessary stress.

Here are 3 of the most common 👇

1. Leaving things until the last minute
Rushed decisions often mean missed opportunities (and bigger tax bills).
👉 Fix: Regular check-ins throughout the year — not just at year-end.

2. Not knowing your numbers
If you’re unsure on cash flow, profit, or what’s coming up, it’s hard to make confident decisions.
👉 Fix: Keep your finances up to date and review them monthly — even a simple snapshot helps.

3. Treating accounting as just a compliance task
If it’s only about “getting it done,” you’re missing the bigger picture.
👉 Fix: Use your numbers to guide decisions — from pricing to growth plans.

The businesses that stay ahead aren’t necessarily the biggest — they’re the ones that stay informed.

That’s exactly what we focus on through our HubSmart programme — helping you stay on top of your numbers, plan ahead, and make better decisions with confidence.

📩 Book your free consultation: [email protected]
Start making the changes that put you back in control of your business finances.

When you started in business, you had a passion, a goal, and a desire to make a difference. But business today is more complex and volatile than ever. It’s easy to get distracted or blown off course. And it can be tough to get back on track.

24/04/2026

Proof that great ideas don’t just grow on trees… 🌿💡

…but they do pair nicely with a fresh cup of coffee ☕😉

Here’s to a week of smart thinking, tidy numbers, and just enough caffeine to keep it all balanced.

Happy Friday from Hub!

23/04/2026

🚀 The ONE number every accounting firm should track?

Revenue per Employee.

It shows how efficiently your firm turns people into profit — and most firms are under-optimising it.

A few quick wins:
• Stop doing work for free
• Increase & standardise pricing
• Focus on advisory services
• Automate low-value tasks

💡 Firms that introduce repeatable advisory can triple profits.

At Hub, our HubSmart programme helps you turn these ideas into real growth — without just adding more work.

Contact us on [email protected] for more information or book a free consultation to learn more!

20/04/2026

Are You Ready for E-Invoicing?

HMRC has released new research on how SMEs are adopting electronic invoicing—and the results may surprise you.

📊 While 59% of businesses are familiar with e-invoicing, only:

29% are currently using it
10% of SMEs both send and receive e-invoices

Most businesses still rely on PDFs, emails, or even paper invoicing.

With plans to make e-invoicing mandatory for VAT invoices by 2029, now is the time to start preparing. E-invoicing can streamline your processes, integrate with your accounting system, and help improve the accuracy of your tax returns.

💡 Not sure if your system is ready? We can help you assess your setup and plan the transition.

🔗 Learn more: https://www.gov.uk/government/publications/electronic-invoicing-sme-usage-and-attitudes/electronic-invoicing-quantitative-research-into-small-and-medium-sized-enterprises-usage-and-attitudes