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4 articles
A first profitable year can feel like progress until HMRC asks for this year’s tax and a down payment on the next. Here is how payments on account work, with a worked example and a cash-flow checklist for sole traders and partners.
HMRC late payment charges grow quietly and then quickly. This practical guide explains how interest and penalties work in the 2026/27 tax year, when a Time to Pay arrangement is sensible and why early action almost always costs less.
Director’s loan accounts rarely cause trouble on day one. They become a problem when routine withdrawals, personal expenses and year-end timing collide. This check-up explains the warning signs, the questions to ask your accountant and the clean-up steps that reduce the risk of a section 455 charge or benefit-in-kind bill.
Christmas trading can hide a January cash problem. This 2026 checklist covers debtor chasing, stock planning, VAT, PAYE and the 31 January payment on account, with practical steps to protect cash before the festive slowdown.