Blog - Holeys

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

04-08-2026

Summer season success: Don’t get caught out by the unique payroll requirements of seasonal workers

Seasonal workers are the backbone of many British businesses during the busy summer months. However, employers must understand the unique payroll responsibilities for these workers to ensure

04-08-2026

Parents with teenagers could lose out on Child Benefit after 31 August

If you or any of your employees have children aged 16 to 19, it is worth noting an important HMRC deadline that could affect household finances. What

04-08-2026

MTD is here – What happens if you miss the first deadline on 7 August?

Making Tax Digital (MTD) for Income Tax became mandatory this year for sole traders and landlords with qualifying income over £50,000 and the first quarterly update deadline