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January 24, 2026January 6, 2026Business StrategyMerranti

Using Losses to Reduce Tax

Using Losses to Reduce Tax in 2025/26: What Can Be Carried Forward and Offset Losses are an inevitable part of many businesses and investments, particularly in the early stages or during periods of change. While losses are never welcome, the…

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January 20, 2026January 6, 2026Personal TaxMerranti

Using the Trading Allowance in 2025/26: When the £1,000 Tax-Free Limit Applies

Using the Trading Allowance in 2025/26: When the £1,000 Tax-Free Limit Applies With more people earning money outside traditional employment — through side projects, online platforms, casual freelancing, or hobby income — questions around tax and small amounts of trading…

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January 19, 2026January 6, 2026VATMerranti

Why My VAT Bill Never Matches My Bank Balance

Why My VAT Bill Never Matches My Bank Balance Few things cause more confusion — or frustration — for business owners than VAT. One of the most common questions we hear is: “Why doesn’t my VAT bill match what’s in…

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January 18, 2026January 6, 2026Business InformationMerranti

My Business Makes Money but Feels Cash-Poor – What’s Going On?

My Business Makes Money but Feels Cash-Poor – What’s Going On? One of the most common frustrations business owners experience is this: “The business is profitable, but it constantly feels like there’s no money.” On paper, the numbers look fine.…

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Understand the points-based penalty system under MTD and how it affects late submissions and payments in the UK tax system.

January 17, 2026January 6, 2026Making Tax Digital (MTD ITSA)Merranti

Making Tax Digital for Income Tax from April 2026: What You Need to Know

Making Tax Digital for Income Tax from April 2026: What You Need to Know (and How to Get Ready) If you’re self-employed, rent out property, or do a bit of both, you’ve probably seen “MTD” mentioned a lot recently. In…

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Understanding the difference between accounting and bookkeeping is crucial for businesses looking to manage their financial health efficiently.

January 16, 2026January 6, 2026UncategorizedMerranti

My Accounts Don’t Look Right – What Should I Do?

My Accounts Don’t Look Right – What Should I Do? Realising that something doesn’t look right in your accounts can be unsettling. It might be a number that doesn’t make sense, profits that feel too high or too low, a…

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January 15, 2026January 6, 2026UncategorizedMerranti

Basis Period Reform

Basis Period Reform: Why 2026 Is Still Catching Sole Traders Off Guard Basis Period Reform was designed to simplify how profits are taxed for sole traders and partnerships. In theory, moving everyone onto a tax-year basis makes the system clearer…

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January 14, 2026January 6, 2026UncategorizedMerranti

Why “Allowable” Isn’t Always Obvious

Claiming Business Expenses: Why “Allowable” Isn’t Always Obvious Business expenses are often assumed to be straightforward. If a cost is connected to the business, it can be claimed. If it isn’t, it can’t. In reality, the position is more nuanced,…

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January 13, 2026January 6, 2026UncategorizedMerranti

Capital Gains Tax in 2026: Why the Timing of a Sale Matters as Much as the Sale Itself

Capital Gains Tax in 2026: Why the Timing of a Sale Matters as Much as the Sale Itself When people think about Capital Gains Tax (CGT), the focus is usually on the gain itself — how much profit has been…

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January 12, 2026January 6, 2026UncategorizedMerranti

Why Your Tax Bill Can Feel Higher Than Expected

Payments on Account: Why Your Tax Bill Can Feel Higher Than Expected For many individuals in Self Assessment, one of the biggest shocks isn’t the tax bill itself — it’s the amount due in January. People often expect to pay…

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