Treating your team to a night out or saying thank you to a subcontractor can feel like a well-earned reward after a busy period. But when it comes to putting it through the books, HMRC doesn’t always share the same sense of celebration! Here’s what counts (and what doesn’t) when entertaining staff, subcontractors – and
Category Archives: Self-Assessment/ Personal Tax
Allowable Limited Company Expenses, Automating Your Finances, Best Accounting Apps, P11D's, Self-Assessment Tips for Sole Traders
Cars and Limited companies: mileage logs vs fuel repayments (what HMRC says)
When you run a limited company, using a car for work can quickly get confusing. Should you log mileage and claim it back — or have the company pay for fuel? And what about tax? Let’s break down the limited company car mileage vs fuel benefit debate, straight from HMRC’s official rules, so you can
Corporation Tax, Director’s Pay vs Dividends, MTD for Income Tax (ITSA), P11D's, PAYE, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, Tax Planning & Saving Tips
Sole Trader vs Limited Company director – what’s best for your business?
Why it matters Setting up as a sole trader or limited company director isn’t just a bureaucratic choice—it’s a strategic decision that affects your taxes, your rights, and your long‑term goals. Whether you’re nearing £50K income and facing MTD ITSA, or edging over £100K and losing your personal allowance, this clear breakdown will help you
Allowable Limited Company Expenses, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips
Buying or Leasing a Van: What’s Best for Your Business?
If you’re a business owner, choosing between buying or leasing a van can feel like a big decision. In this guide, we break down the pros, cons, and tax advantages of buying or leasing a van, so you can make a choice that suits your business needs and budget. What’s the Difference When Buying or
CIS, CIS for Contractors, CIS for Subcontractors, CIS Useful Guides, Self-Assessment Tips for Sole Traders
The Construction Industry Scheme (CIS), decoded: A straight-talking guide for builders, subbies and contractors
If you’re in the building trade and you’ve ever scratched your head wondering why 20% got taken off your invoice — or whether you’re supposed to register with HMRC — you’re in the right place. We’ve put together a friendly, plain-English guide to the Construction Industry Scheme (CIS) that explains everything without the jargon. Whether
Automating Your Finances, Best Accounting Apps, MTD for Income Tax (ITSA), Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax, Xero Tips & Tricks
Tax-saving tips for sole traders: expenses you might be missing
Navigating self-employment in the UK comes with a learning curve, especially when it comes to managing your taxes. One of the easiest ways to reduce your tax bill is by making sure you’re claiming all the allowable business expenses you’re entitled to. But lots of sole traders miss out on some. That’s where these tax-saving
HMRC Updates & Changes, Important News from HMRC, MTD for Income Tax (ITSA), Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
Everything you need to know about our new MTD ITSA guide – your step-by-step companion
We know that Making Tax Digital for Income Tax Self-Assessment (MTD ITSA) can seem like a lot to wrap your head around. But don’t worry! At DNA Accountants, we’re all about making your life easier. That’s why we’ve put together a handy, downloadable guide to help you navigate these changes with ease. What’s MTD ITSA
HMRC Updates & Changes, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
The Death of SA302s: Why Are We Still Being Asked for Them?
Introduction For many years, the SA302 was the go-to document for self-employed individuals applying for mortgages. Accountants were frequently asked to provide these forms to verify a client’s income. However, in 2017, HMRC stopped issuing SA302s directly to accountants, instead providing alternative ways for taxpayers to prove their income. Yet, eight years later, mortgage advisors
Bookkeeping, Corporation Tax, DNA News, Self-Assessment/ Personal Tax, VAT
Who We Don’t Work With (And Who Might Be a Perfect Fit)
We love working with businesses that align with our values and approach. But we also know that not every client is the right fit—and that’s okay! Being upfront about this helps both of us save time and focus on businesses where we can really make a difference. In this post, we’ll share some red flags
Bookkeeping, CIS, Corporation Tax, PAYE, Self-Assessment/ Personal Tax, VAT, Year-End Preparation Tips
Managing client expectations: How long will it take?
We love working with our clients, but let’s be real – nobody enjoys chasing emails about deadlines. So, to keep things running smoothly, here’s a handy guide on when you can expect your accounts, tax returns, payroll, and everything in between to be completed. Key to Timelines ✅ Timelines below are based on receiving all