Tax codes might look like a jumble of letters and numbers, but they play an important role in making sure employees pay the right amount of tax. For employers, understanding these codes is essential to ensure payroll is accurate and HMRC obligations are met.    What is a UK tax code A tax code tells

When you’re running your own business, there are no shortage of scary outcomes that can keep you up at night. Indeed, having seen a pandemic, high inflation and escalating utility costs in recent years, some business owners may have felt like they’ve had quite enough already. But often the most

When you run a business, one of the easiest mistakes to make is blurring the line between personal and business expenses. While it may feel convenient in the moment, HMRC takes a strict view on what qualifies as a legitimate business cost. Missteps can result in unexpected tax bills, penalties, or

April 2026 might feel a long way off, but for self-employed individuals and landlords earning over £50,000 a year, the clock is ticking. That’s when Making Tax Digital for Income Tax becomes mandatory, and the sooner you start preparing, the smoother the transition will be.   A reminder of who's

The UK government’s R&D Tax Credit reforms coming in April 2025 will reshape how small and medium-sized enterprises (SMEs) access innovation funding. While the aim is to simplify the system, many SMEs will notice significant changes in how relief is claimed and in the impact on cashflow.  At Haines

As autumn sets in and the days grow shorter, many business owners are turning their attention to the festive season and planning the annual staff Christmas party. A highlight of the year for many teams, these events are a fantastic way to reward staff, boost morale and bring everyone together.  But

Running a business is inherently demanding, but the uncertainty of managing finances when cash is tight can add an extra – and damaging – layer of pressure.   In a survey last year, one in four (24%) UK owner/managers reported that their mental health had been directly affected by the stress of