Tailored Accounting Ltd

29/05/2026

Alert: Did you know certain business sales or share disposals might trigger a reduced 18% Capital Gains Tax rate? Find out why this could matter for your next move. Read on to see if you're eligible for a valuable tax relief and how it could impact your financial planning.

Business Asset Disposal Relief (BADR) applies to the sale of a business, shares in a trading company, or an individual’s interest in a trading partnership. When this relief is available, a reduced 18% rate (2026-27) of Capital Gains Tax (CGT) applies. 

28/05/2026

ID checks at Companies House are rolling out – if you're a company director or have significant control, it's time to get verified. Most can do it online or in person at selected Post Offices. Don't miss out, find out why this matters to you today.

Identity verification requirements at Companies House became a legal requirement for directors and people with significant control (PSCs) from 18 November 2025. This date marked the start of a 12-month transition period for identity verification. 

27/05/2026

“💬 My mate said his accountant allows it…” 👀

“My mate said his accountant allows his family holiday as an expense because he checked his emails while away” ✈️

“My mate said his accountant allows massage costs because he needs his back healthy for work” 💆

“My mate said his accountant said they can claim costs for their dog because it acts as security” 🐶

(It doesn’t.)

“My mate said his accountant allows Netflix because he watches business documentaries” 📺

This usually means one of three things:

1️⃣ You’ve got a dodgy accountant… and you’re the one taking the risk if HMRC investigates.

OR

2️⃣ The costs are being posted to the Director’s Loan Account.

Meaning:

• The company paid for it
• It’s not reducing the Corporation Tax bill
• And if the company has enough reserves, it will usually need covering by dividends
• If not, it may leave you with an overdrawn Director’s Loan Account

OR

3️⃣ Someone’s confused the difference between:

❌ “The business paid for it”
and
❌ “It’s an allowable business expense”
Big difference.

Just because money leaves the business account doesn’t mean HMRC allows tax relief on it.

If you’re unsure what you can actually claim, get proper advice before it becomes an expensive mistake.

☎️ 01480 400598 / 07585 290883
💻 www.tailoredaccounting.co.uk⁣⁣⁣⁣
📧 [email protected]

27/05/2026

Alert for landlords: Are you sure about your tax and National Insurance on rental income? Find out what might affect your bottom line and pension rights. Read on to get the details landlords often overlook.

When renting out property, landlords may have both Income Tax and National Insurance considerations to consider. However, rental income is generally taxable.

27/05/2026

Hidden changes in tax rules may mean many could be paying more tax without noticing. Wage rises might be pushing you into higher tax bands — find out why it matters now.

The freezing of tax thresholds can result in a phenomenon commonly referred to as 'fiscal drag'. This occurs when tax allowances and rate bands remain unchanged while wages and inflation increase. As earnings rise, more taxpayers are ‘dragged’ into paying tax or moving to higher tax bands, despi...

26/05/2026

Alert for small businesses: A VAT scheme lets you pay VAT only when your customers pay you. Could this be the cash flow boost you need? Find out why this matters now and if you could qualify.

The VAT Cash Accounting Scheme can help businesses improve cash flow by allowing VAT to be accounted for when customers actually pay invoices, rather than when invoices are issued. This can be particularly beneficial for businesses that offer credit terms or experience delays in customer payments.

26/05/2026

Urgent update for self-employed and landlords: Your choice of software for Making Tax Digital matters. Find out what features to look out for and why some can even link spreadsheets directly with HMRC. Ready to make the switch? Read on to see which tools suit you best.

Making Tax Digital (MTD) for Income Tax is now in force for many self-employed individuals and landlords. Since 6 April 2026, taxpayers with qualifying business or property income exceeding £50,000 are required to maintain digital records and submit quarterly updates to HMRC using compatible softwa...

22/05/2026

Alert: You might need to register for self-assessment even if you're mostly taxed through PAYE. Got business profits or untaxed income? Find out why this matters now and what you need to do. Read on to check if this applies to you.

Depending on your income and circumstances, you may need to register for self-assessment. This may be the case even if most of your income is taxed through PAYE.

21/05/2026

It’s about time!

It’s been the same 45p per mile for the past 15 years!

It should be even more in our view.

☎️ 01480 400598 / 07585 290883
💻 www.tailoredaccounting.co.uk⁣⁣⁣⁣
📧 [email protected]

21/05/2026

Alert: Your UK residence status could change how you're taxed on worldwide income. It's not just days spent in the UK but also your ties that matter. Find out why this could affect your wallet.

20/05/2026

Living away from your home might affect your tax bill more than you think. If you've had absences or second properties, find out why it matters. Read on to see how your time away could change your Capital Gains Tax relief.

Many homeowners assume that if a property has been their main residence at some point, any gain made on sale will automatically be free from Capital Gains Tax (CGT). Whilst in many cases, this is correct there are exceptions. For example, periods spent living away from your home can sometimes reduce...