For many small business owners, VAT is one of the trickiest parts of managing finances. The rules can be confusing, the deadlines relentless, and the penalties harsh. But with the right systems in place, VAT doesn’t have to be stressful. Here’s why businesses often struggle — and what you can do about it 👇 ⚠️ Common VAT Challenges 1️⃣ Late registration  – Many owners forget that once turnover hits £90,000  (the current UK threshold), you must  register for VAT. Missing the d

Mixing business and personal finances is one of the most common — and costly — mistakes small business owners make. It might seem convenient at first, but it can lead to confusion, compliance risks, and tax troubles later on. Here’s why separation is key: ✅ Simpler bookkeeping:  You’ll know exactly what belongs to the business and what doesn’t. ✅ Easier tax filing:  No more sifting through personal expenses during tax season. ✅ Better financial insight:  You can clearly see h

HMRC’s Making Tax Digital (MTD)  initiative is transforming the way individuals and businesses keep records and submit tax returns. The...