Last updated: February 2026 Some of the links in this article are affiliate links, which means we may earn a commission if you sign up through them. This doesn’t affect our editorial independence or the price you pay. If you’re hiring your first employee or you’ve been muddling through payroll on spreadsheets, the best payroll […]
Last updated: February 2026 If you’re still typing bank transactions into a spreadsheet by hand, you’re spending hours on something that should take minutes. Every major UK accounting app now offers automatic bank feeds that pull your transactions straight into the software, then help you match them against invoices, bills, and expense categories. But the […]
If you’ve used QuickBooks for any length of time, you’ve probably run into an error or two that stopped you in your tracks. Sometimes it’s a cryptic number. Sometimes the whole thing just freezes. Either way, it’s frustrating, especially when you’re in the middle of something important. The good news is that most QuickBooks errors […]
If you’ve heard older landlords mention the “wear and tear allowance,” you might wonder why you can’t find it on your tax return. That’s because it was abolished in April 2016. Here’s what replaced it — and how the new system actually works in your favour if you’re replacing items in your rental property. What […]
Taking in a lodger is one of the most tax-efficient ways to earn extra income in the UK. Under the rent-a-room scheme, you can receive up to £7,500 a year completely tax-free — no receipts needed, no complex calculations. Here’s how it works. What Is Rent-a-Room Relief? Rent-a-room relief is a government scheme that lets […]
If your rental income is relatively small, you might not need to track expenses at all. The property income allowance lets you earn up to £1,000 from property completely tax-free — no receipts, no record-keeping, no fuss. But it’s not always the best choice. Here’s how to decide. What Is the Property Income Allowance? The […]
If you’re a landlord with a mortgage, Section 24 is one of the most important tax rules to understand. Introduced in 2017 and fully in effect since April 2020, it changed how landlords claim tax relief on mortgage interest — and for many, it meant a significantly higher tax bill. What Is Section 24? Section […]
You’ve quoted a job, the client’s agreed, but you want payment upfront before starting work. Do you send an invoice? Not quite — you send a pro forma invoice. It looks like an invoice, acts like a formal quote, but isn’t the same as either. Here’s when and why to use one. What Is a […]
If you invoice the same clients for the same amount regularly — monthly retainers, subscription services, ongoing maintenance — you’re wasting time creating each invoice from scratch. Recurring invoices automate the repetitive work, so you get paid without lifting a finger. What Are Recurring Invoices? A recurring invoice is one that your accounting software generates […]
You’ve chased the invoice three times. It’s now weeks overdue. Did you know you have a legal right to charge interest on that late payment? Most small businesses don’t realise this — or feel awkward using it. Here’s what the law says and whether it’s worth doing. Your Statutory Right Under the Late Payment of […]
