Blog Category – Advice
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What Business Owners Should Review Before 5 April 2026
A practical look at what business owners should review before 5 April 2026, from income and payroll to records, spending plans, and cash flow
Making Tax Digital for Income Tax: Are You Ready for April 2026?
Making Tax Digital for Income Tax is one of the biggest compliance changes in years for sole traders and landlords. With mandatory digital record-keeping and quarterly reporting starting from April 2026, this article explains who is affected, what will change, and how to prepare early to avoid last-minute pressure and penalties.
Why January Is the Best Time to Review Your Business Finances
January is the ideal time to step back, review your numbers, and set the year up properly. In this article, we share a simple, practical approach to reviewing cash flow, costs, tax and key performance so you can make clearer decisions early and avoid surprises later in the year.
Allowable Business Expenses: What You Can Claim (and What HMRC Often Queries)
Knowing what you can claim is one of the simplest ways to keep your tax position accurate and avoid unwanted attention from HMRC. This article breaks down common allowable expenses, the areas that are often queried, and how to claim confidently with clear records and sensible, compliant treatment.
Self Assessment: Common Mistakes Business Owners Make (and How to Avoid HMRC Penalties)
Self Assessment can feel straightforward, but small errors often lead to delays, unexpected tax bills, or HMRC follow ups. This guide highlights the most common mistakes we see; plus practical steps business owners, sole traders, and landlords can take to file accurately and reduce the risk of paying penalties.
Christmas Gifts, Parties, and HMRC Tax Rules: What Your Business Can Claim
Christmas gifts, staff parties and festive thank-yous can be a great way to recognise your team and clients, but the tax rules are easy to get wrong. From trivial benefits to the £150 per head party exemption, here’s a clear, practical guide to what your business can and cannot claim this Christmas.
Building a Future-Proof Business with Smooth Ownership Transitions
Thinking about exiting your business? A phased buyout can offer stability, smoother handover and real tax advantages with the right planning.
Understanding VAT Penalty Points: What Every Business Needs to Know
Late VAT returns add up fast. Here is what every business needs to know to stay compliant and avoid unexpected £200 penalties.
5 Profit First Wins You Can Achieve in 90 Days
Profit shouldn’t be an afterthought. With the Profit First method, you’ll build clarity, discipline, and confidence in your business finances. Discover how at our Profit First Workshop this October in Chichester.
Fraudulent Direct Debits: How to Spot Them and What to Do
Fraudulent direct debits are on the rise in the UK, leaving many businesses and individuals vulnerable. Learn how to identify suspicious activity, protect your accounts, and take action with expert guidance from Naylor Accountancy Services.
Why ESG Assurance Is Becoming a Business Imperative for UK Companies
Discover why ESG assurance is more than a trend, it's a growing business necessity. Learn how UK accountants are stepping into a crucial role in verifying ESG data.
Bringing your cashflow processes into the digital age
When economic times are tough, it helps to be in control of your cashflow. We explain how to improve your cashflow – and how this helps you run your business through tough times.
Preparing for the Financial Year-End 2025
As the financial year-end approaches, businesses in the UK must ensure they are well-prepared to meet their obligations and avoid penalties. Here's a comprehensive guide to help you navigate this crucial period.
Missed the Tax Deadline?
Naylor Accountancy Services' expert tips to recover from a self-assessment tax deadline.
Is Your Business in Financial Distress?
Being in financial distress is incredibly worrying for any business owner. When you’re facing County Court Judgements (CCJs), mounting debt and the possibility of insolvency, it can seem like there’s very little light at the end of the financial tunnel.
The Profit First Method: A New Financial Strategy
Navigating the financial landscape can be one of the biggest challenges facing a business, with numerous obstacles that hinder success. The Profit First methodology, developed by Mike Michalowicz, introduces a transformative way to tackle these barriers.
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