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Hiring a first employee brings payroll duties that begin before day one. This adviser-led checklist sets out the registrations, reporting habits and records that keep small mistakes from becoming avoidable HMRC bills in 2026.
A Christmas party can be a tax-free thank-you, but only if the details are right. This guide covers the £150 per head limit, plus-ones, VAT and the staff-versus-client entertaining divide.
VAT registration is easier to manage when it is planned rather than discovered. This checklist-style audit helps UK freelancers monitor the £90,000 threshold, understand which turnover counts and prepare records before the first VAT return.
MTD for Income Tax is live in 2026 for sole traders above the £50,000 threshold. This practical workflow shows how to keep digital records, review the quarter and submit an update in around 30 minutes.
The £1,000 trading allowance is often presented as a simple default for sole traders. In 2026/27, choosing it without comparing actual expenses, capital allowances and loss relief can increase taxable profit. This guide sets out the comparison, the record-keeping consequences and a practical checklist.