Blog - Holeys

01-09-2026

£4.4bn lost to the heat: Is your business ready for the next heatwave?

With temperatures breaking 30 degrees on multiple occasions in 2026, scorching heat is becoming the new normal. Consecutive heatwaves have wiped £4.4 billion from the UK economy,

27-08-2026

You don’t own the business, but do you still owe the tax? HMRC ‘failure to notify’ penalties following a share...

If you are a shareholder in a company you have little involvement in, you might not realise a share disposal can trigger Capital Gains Tax (CGT). Shares

26-08-2026

Pokémon cards and cryptocurrency: Understanding Capital Gains Tax when selling assets for a profit

Capital Gains Tax (CGT) receipts were up 17.6 per cent in July compared to July 2025, highlighting the growing importance of understanding the tax implications of asset

20-08-2026

Sole trader vs limited company for side hustles – Which is the most tax-efficient?

With many individuals starting a ‘side hustle’ to supplement their salary, setting up as a sole trader or limited company is the first big decision. Whether this

19-08-2026

HMRC is set to automatically sign up thousands of taxpayers to MTD after a slow uptake

The first quarterly filing deadline for MTD for Income Tax passed on 7 August, with 864,000 sole traders and landlords earning over £50,000 a year set to

13-08-2026

Why is keeping business and personal finances separate so important?

Where personal spending and business spending overlap, financial tracking can unnecessarily become a headache. A few transactions here and there might not seem like a huge deal

12-08-2026

The dangers of using AI for tax advice

AI is something that we cannot escape, as it is built into nearly everything that people use on a day-to-day basis. A recent study has found that

06-08-2026

UK petrol prices set to reach their highest level of 2026 – What this could mean for SMEs?

Geopolitical tensions are set to push UK petrol prices to the highest level of the year, with the average cost reaching 160p per litre, according to RAC

05-08-2026

Late payments are crippling SMEs: How to mitigate the impact

It has been estimated by the Small Business Commissioner that late payments are causing 14,000 businesses to close each year. That is equivalent to 38 businesses a

04-08-2026

Invoice financing – Liberating cash tied up in late payments

SMEs in the UK have struggled with late payments for years and cash tied up in unpaid invoices can put pressure on your business’s ability to operate

04-08-2026

I have received a HMRC enquiry letter – What do I do now?

HMRC enquiry letters are sent to individuals to notify them that HMRC has chosen to formally investigate their tax affairs. While some enquiries are carried out randomly,

04-08-2026

Companies House issues warning over scammers

Companies House has issued warnings to directors after a rise in scam emails following the organisation's new identity verification processes. The scams are designed to create urgency