News & Updates

Keeping digital records for MTD

Keeping digital records for MTD

Keeping digital records for MTDJess Brooks
Published on: 16/02/2026

MTD for ITSA starts 6 April 2026 for eligible sole traders and landlords. Learn what “digital records” mean, software/bridging options, what must be recorded, and key easements for jointly let properties and turnover under £90k.

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How can sole traders obtain relief for trading losses?

How can sole traders obtain relief for trading losses?

How can sole traders obtain relief for trading losses?Jess Brooks
Published on: 11/02/2026

Made a trading loss as a sole trader? You may be able to claim relief—against other income (same/previous year), against capital gains, or by carrying it forward to future profits. Opening/closing year rules and relief caps can apply.

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Tax implications of reimbursing employees’ expenses

Tax implications of reimbursing employees’ expenses

Tax implications of reimbursing employees’ expensesJess Brooks
Published on: 09/02/2026

Reimbursing staff expenses isn’t always tax-free. Learn when the exemption applies, common traps (like commuting costs), and the new 6 April 2026 rules that make reimbursements for eye tests, flu jabs and homeworking equipment tax-free.

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Claiming a tax refund

Claiming a tax refund

Claiming a tax refundJess Brooks
Published on: 04/02/2026

Paid too much tax? HMRC won’t always refund it automatically. Learn common causes of overpayment, how to spot it (P800, Simple Assessment, HMRC app), and the quickest ways to claim your refund.

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