Knowledge

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    Articles

    27 articles

    VAT invoices and order confirmations: what to keep and why

    An order confirmation is not a VAT invoice and a card slip is not a receipt. What each proves, where the real invoice hides, and what HMRC requires you to keep.

    Smith & Johnson · Published 25 September 2026 · Reviewed 25 September 2026

    Case study: how we saved a content creator £63,400 in her first year

    A UK content creator switched to S&J and recovered £26,000 in missed prior-year deductions plus £37,400 through restructuring as a limited company. Here's exactly what we did.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    What to expect when you switch accountants (and how the process works)

    A step-by-step guide to switching accountants in the UK. Professional clearance, HMRC agent reauthorisation, document handover, and what happens to your current year's work.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    What does a management accounts pack actually include?

    A plain English guide to management accounts. What a proper pack contains, how often it should be produced, and how it differs from statutory year-end accounts.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Making Tax Digital for Income Tax (MTD ITSA): who's affected and when

    A factual guide to Making Tax Digital for Income Tax Self Assessment. Who qualifies, the April 2026 and April 2027 start dates, what quarterly updates involve, and what sole traders and landlords need to do.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    VAT registration: when you must register, when you should, and when you shouldn't

    A factual guide to UK VAT registration. The £90,000 threshold, voluntary registration, flat rate scheme, and how to decide whether registering is right for your business.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Corporation Tax rates and marginal relief: a plain English guide for 2026/27

    How UK Corporation Tax works in 2026/27. The 19% small profits rate, 25% main rate, marginal relief calculation, and the rules on associated companies.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Understanding payments on account for Self Assessment

    A factual guide to HMRC payments on account. How they're calculated, when they're due, how to reduce them, and why your January tax bill might be 50% bigger than expected.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Outside IR35 Tax Planning 2026/27

    Outside IR35 tax planning 2026/27: the complete strategy for limited company contractors. Salary, dividends, pensions, and what proper planning saves.

    TJ Smith · Published 29 April 2026 · Reviewed 1 May 2026

    The 60% Tax Trap: £100k-£125k Personal Allowance 2026/27

    The 60% tax trap explained for 2026/27. Why earnings between £100k and £125,140 are taxed harder than anything else, and how to get out of the band.

    TJ Smith · Published 29 April 2026 · Reviewed 1 May 2026

    Extracting Money From Your Limited Company 2026/27

    The director's playbook for extracting money from your limited company tax-efficiently in 2026/27. Salary, dividends, pension, and what order to do them in.

    TJ Smith · Published 29 April 2026 · Reviewed 1 May 2026

    UK Content Creator Tax Guide 2026/27

    Tax for content creators UK: what influencers actually pay in 2026/27. Self assessment, expenses, VAT threshold, and the structure most creators never use.

    TJ Smith · Published 29 April 2026 · Reviewed 1 May 2026

    Section 24 Landlord Tax Calculation 2026/27

    Section 24 landlord tax calculation explained with £ figures for 2026/27. See what you owe, why the maths shocks most landlords, and how to reduce it.

    TJ Smith · Published 29 April 2026 · Reviewed 1 May 2026

    How directors' loan accounts work (and how to stay on the right side of HMRC)

    A plain English guide to directors' loan accounts. How overdrawn DLAs are taxed, what Section 455 means, and the rules for interest-free loans from your company.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Sole trader vs limited company: a side-by-side comparison for 2026/27

    A factual comparison of sole trader and limited company structures for UK business owners in 2026/27. Tax, admin, liability and the numbers that actually matter.

    Smith & Johnson · Published 16 April 2026 · Reviewed 16 April 2026

    Incorporating rental properties: when the maths work, what SDLT and CGT will cost, and planning the long-term exit

    Section 24 is costing you thousands. Here's exactly when incorporating your rental portfolio makes sense, what SDLT and CGT will cost, and how to plan the exit.

    TJ Smith · Published 16 March 2026 · Reviewed 17 March 2026

    The Student Loan Stealth Tax: Why Graduates Are Paying 51% On Every Extra Pound

    If you went to university after 2012 and you're now earning above £50,270, you're paying a 51% marginal tax rate. That's higher than what most people think only millionaires pay.

    TJ Smith · Published 14 February 2026 · Reviewed 17 March 2026

    Using Your Home as an Office: What You Can Claim and How It Affects Tax

    Claiming home office expenses through your limited company? Learn what you can deduct, how to stay compliant, and how to protect your PRR when you sell.

    TJ Smith · Published 8 July 2025 · Reviewed 14 February 2026

    How to Price a Service Business for Predictable Profit

    Pricing your service business right is the difference between chaos and profit. Learn how to structure packages, anchor pricing, and build recurring revenue.

    TJ Smith · Published 4 July 2025 · Reviewed 14 February 2026

    SEIS and EIS Explained: The Most Powerful Tax Reliefs Most People Aren’t Using

    Discover how SEIS and EIS offer UK investors generous tax reliefs, loss protection, and tax-free gains for backing startups, and why most high earners should consider them.

    TJ Smith · Published 24 June 2025 · Reviewed 14 February 2026

    HMRC Is Coming for Your Crypto: What the 2026 Reporting Changes Mean for You

    From January 2026, UK crypto platforms must report user data directly to HMRC. Learn what’s changing, who’s affected, and how to prepare for the new reporting rules.

    TJ Smith · Published 13 June 2025 · Reviewed 14 February 2026

    What the 11 June 2025 Spending Review Means for You

    What the 11 June 2025 Spending Review means for your money: full breakdown of funding changes, tax impacts, and how to prepare for what’s ahead.

    TJ Smith · Published 12 June 2025 · Reviewed 14 February 2026

    Making Tax Digital for Income Tax: The Ultimate Guide for Self-Employed and Landlords (2025/2026 Edition)

    From April 2026, landlords and sole traders must submit 5 tax returns a year. Here’s what Making Tax Digital means, and how to get ready.

    TJ Smith · Published 9 June 2025 · Reviewed 14 February 2026

    Maximising Your Amex Points for Free Travel: A Guide for High-Income Earners

    Turn everyday spending into luxury travel. This guide shows high earners how to earn, redeem, and maximise Amex points for flights, hotels, and more without spending extra cash.

    TJ Smith · Published 6 June 2025 · Reviewed 14 February 2026

    10 Tax-Saving Strategies Every UK Business Owner Should Know (But Most Don’t)

    Most UK business owners overpay tax simply from poor advice. Discover 10 smart, legal strategies to cut your company tax bill and keep more of what you earn.

    TJ Smith · Published 6 June 2025 · Reviewed 14 February 2026

    The Power of Proactive Tax Planning: How One Founder Saved £55,716 Without Changing Their Take-Home Pay

    One founder wanted £6.5K/month without losing more to tax. We restructured their setup - no schemes, no tricks - and saved them £55K a year while increasing their take-home pay.

    TJ Smith · Published 6 June 2025 · Reviewed 14 February 2026

    The Hidden Tax Trap on Bonuses: How a £10,000 Bonus Can Leave You With Just £2,900

    Earn a £10K bonus, take home just £2.9K? Welcome to the UK’s 62–71% tax trap. Learn why it happens, who’s hit hardest, and how smart planning can help you dodge it legally.

    TJ Smith · Published 24 April 2025 · Reviewed 14 February 2026