Monthly Archives: August 2026

Imagine that tomorrow morning you were suddenly unable to work.Not permanently, but for three months.Could your business continue operating normally without you?For many owner-managed businesses, the answer is less certain than the owner might like to believe. The business may employ capable people, have established customers and generate healthy profits, but important knowledge, authority and…

Companies House identity verification is now part of the compliance responsibilities of UK companies. If you are a company director or person with significant control, it is important to understand when you need to verify and what happens afterwards.Mandatory identity verification was introduced from 18 November 2025. However, this did not mean that every existing…

Tax debts can quickly become a serious problemA profitable business can still experience difficulty paying its tax bills.VAT, PAYE, Corporation Tax and Self-Assessment payments can create significant demands on cash reserves, particularly where trading conditions have become more difficult or customers are taking longer to pay.Recent reports of increasing use of HMRC's Time to Pay…

The first quarterly deadline has passedMaking Tax Digital for Income Tax is now a reality for many self-employed people and landlords.Those brought into MTD from 6 April 2026 are required to keep digital records and use compatible software to send quarterly updates to HMRC. For those following the standard quarterly periods, the first update covered…