HM Revenue & Customs (HMRC) has recently launched a new artificial intelligence chatbot called GOV.UK Chat, aimed at answering taxpayers’ questions online. On the surface, this seems like a positive development: quicker answers, no waiting on hold, and readily available guidance. What’s there not to like? But would you trust it with your tax? The […]
Author Archives: Priya Raja-Motala
Business Tips, Tax Advice, Tax Planning, Tax Tips
Paying Your Children Through Your Business: Smart Tax Planning or More Trouble Than It’s Worth?
10
Jun
Jun
Running a small business often involves juggling multiple responsibilities. One moment you’re serving clients, and the next you’re managing cash flow, handling administration, and trying to keep up with marketing. However, there may be someone in your household who excels at these tasks. Younger family members can be an asset for social media posts, general […]
03
Jun
Jun
A couple of weeks ago, the Chancellor announced a package of measures designed to ease some of the pressure many of us are feeling right now with the cost of living. At first glance, some of these changes might seem quite small. But we think some of the announced measures need your attention as a […]
20
May
May
If you’re running a business, you’ll know that reporting requirements never really stand still. New tax return rules are coming, and here’s what it means for you. From the 2025/26 tax year, HM Revenue & Customs (HMRC) is asking for more detail in your Self-Assessment tax return. This is the tax return that is due […]
Business Tips, Tax Advice, Tax Planning, Tax Tips
Thinking About Stepping Back One Day? Apple’s CEO Handover Has a Lesson for You
13
May
May
Last month, Apple announced that Tim Cook will step aside as Chief Executive on 1 September 2026, handing over the role to John Ternus, the company’s long‑standing head of hardware engineering. Cook isn’t stepping away completely; he’ll still remain involved as executive chairman, helping support the transition and ensure continuity. Apple described this change as […]
Corporation Tax, P11d, Payroll, Personal Tax, Tax Advice, Tax Tips
Director’s Loan Accounts Explained: What Every UK Company Director Needs to Know
06
May
May
For many owner-managed businesses, the Director’s Loan Account (DLA) is one of the most commonly used yet most misunderstood parts of the company’s finances. Used well, it can offer flexibility and convenience. Used badly, it can trigger unexpected tax charges, increased scrutiny from HM Revenue & Customs (HMRC), and cash‑flow issues for both the director […]
Business Tips, Cash Flow
How Understanding Your Numbers Supports Financial Health and Business Growth
29
Apr
Apr
Let’s be honest, most business owners don’t wake up in the morning excited about management accounts, forecasts, or KPIs, because what really sits at the front of their mind is customers, cash flow, staff, and how on earth they keep everything moving in the right direction. But here’s the reality we see time and time […]
Corporation Tax, Tax Advice, Tax Planning, Tax Tips
Why Going Electric Through Your Company Just Makes Business Sense
15
Apr
Apr
Who isn’t currently keeping an eye on petrol and diesel prices almost every day? The answer is simple: those who drive electric vehicles (EVs). While fuel prices continue to rise and fluctuate due to global events, EV drivers enjoy a level of stability that traditional drivers can only wish for. This is only one reason […]
08
Apr
Apr
It’s completely normal to start thinking about tax planning towards the end of the tax year. This is typically when the urgency increases, deadlines loom, last-minute tips circulate, and there’s a rush to “do something before April 5.” We’ve all experienced this frenzied environment. However, it’s worth asking: shouldn’t we consider tax planning at the […]
Business Tips, Cash Flow, Myers Clark News
When Was the Last Time You Checked Your Business’s True Financial Health?
01
Apr
Apr
If you’re like most business owners, your days are filled with serving clients, solving problems, managing operations, and working to keep everything on track. Therefore, when someone asks, “How is the business doing financially?” it’s understandable to look at your bank balance, shrug, and respond, “I think we’re doing alright.” But when was the last […]