Call us today on 01297 692 200 to find out how Bowes Brooks can help you!

Blog

Latest Blog & Articles

Stay informed with expert financial insights! Explore our latest blogs on wealth management, retirement planning, and smart investment strategies. Empower your financial future with practical tips and expert advice.

Are you exempt from MTD for ITSA?

Are you exempt from MTD for ITSA?

MTD for Income Tax Self Assessment becomes mandatory in April 2026 for self-employed individuals and landlords earning £50,000+. But some people can claim exemption if they’re digitally excluded. Here... ...more

General

December 23, 20253 min read

Using the advisory fuel rates

Using the advisory fuel rates

HMRC’s advisory fuel rates help employers reimburse business mileage or recover private fuel costs for company cars. Here’s how the rules work, including new rates for electric vehicles from September... ...more

General

December 22, 20253 min read

When the real tax percentage is 60%

When the real tax percentage is 60%

High earners between £100,000 and £125,140 can face an effective tax rate of 60% due to the withdrawal of the personal allowance. Here’s why it happens, and how pension contributions or salary sacrifi... ...more

Entrepreneur

December 17, 20253 min read

Tax relief for unpaid rent

Tax relief for unpaid rent

When tenants fall behind on rent, landlords may be entitled to tax relief, but how the relief works depends on whether accounts are prepared on the cash basis or the accruals basis. Here’s what HMRC a... ...more

Property

December 16, 20252 min read

Overdrawn directors’ loan accounts and section 455 tax

Overdrawn directors’ loan accounts and section 455 tax

If a director’s loan account becomes overdrawn, the company may face a Section 455 tax charge. Here’s what close companies need to know about reporting, repayment deadlines and potential benefit-in-ki... ...more

General

December 15, 20253 min read

Are you ‘hustling’ this Christmas? From hobby to taxable business

Are you ‘hustling’ this Christmas? From hobby to taxable business

Selling crafts, reselling online, or earning from content creation this Christmas? Your “hustle” may count as a taxable business. Here’s what HMRC looks at, and when you need to report extra income. ...more

Entrepreneur

December 10, 20253 min read

The Bowes Brooks Difference

Simple, Honest Advice — With No Surprises

We work on fixed monthly fees, with unlimited calls and meetings included — so you can ask questions anytime, without worrying about the cost.

Your first meeting and initial advice are always free.

We speak plain English, not accountancy jargon. You shouldn’t need a finance degree to understand your own numbers — and we’ll explain everything clearly so you feel confident, not confused.

We’ve seen it time and again: when clients understand their accounts and taxes, they make better decisions. That’s why we focus on accessible advice, regular check-ins, and smart tax planning throughout the year.


We're not the cheapest Accountant around and we don't want to be!  We provide a reliable, quality service at a fair price

Helping you achieve financial success with expert guidance and personalised strategies.

© Bowes Brooks. 2026. All Rights Reserved.