Ruddocks and Co Chartered Certified Accountants

22/07/2026

Your bank balance isn't the full picture.

Cash in your account already has multiple claims—from HMRC, VAT, payroll, suppliers, and future tax liabilities.

The businesses that stay financially strong don't just track cash—they forecast it.

Swipe through to discover the hidden cash flow traps every business owner should know.

22/07/2026

Alert for married couples and civil partners: You could be paying more Capital Gains Tax than necessary! Transfers between spouses might lower your overall tax bill without immediate charges. Curious how your home or investments could benefit? Read on to find out why this matters now.

Married couples and civil partners are taxed separately for Capital Gains Tax (CGT), meaning each person has their own annual tax position. However, with careful planning, transferring assets between spouses or civil partners can sometimes help

21/07/2026

Have you updated your mileage claims?

For the first time in 15 years, HMRC's approved mileage rate has increased.

From April 2026, the rate for the first 10,000 business miles has risen from **45p to 55p per mile**.

If you're still using the old rate, you could be missing out on valuable tax relief.

Watch this video to understand what the change means and whether it affects your business.

📩 Comment **MILEAGE** or send us a direct message if you'd like us to review your business mileage claims.

🌐 [www.ruddocksandco.co.uk](http://www.ruddocksandco.co.uk)

21/07/2026

Alert for property owners: Not all repair costs are equal when it comes to tax relief. Knowing what counts could save you money. Find out why it matters now.

Property owners often incur costs for repairs, and understanding which costs can be deducted is important when calculating taxable property income. You can generally claim tax relief for repairs carried out on a property business, provided the cost

20/07/2026

Alert for UK business owners: If your taxable sales hit £90,000 in a year or will soon breach this threshold, you must register for VAT. Don't miss the deadline, find out why this matters now and what to do next.

Businesses must register for VAT if their taxable turnover exceeds the VAT registration threshold, or if they expect it to exceed the threshold in certain circumstances. The VAT registration threshold is currently £90,000. The threshold applies to

20/07/2026

Alert: Your company's trading losses could lower your tax bill more than you think. Discover how using loss relief might ease cash flow. Read on to find out why it matters.

If your company makes a trading loss, it may be able to claim relief to reduce its Corporation Tax liability. Trading losses can often be used in different ways, depending on your company’s circumstances. A company may be able to use a trading loss

17/07/2026

Alert: Your savings could trigger a tax bill without you realising. Different allowances may cover your interest, but what if you exceed them? Find out why it matters now and what to watch for if your savings interest changes the tax picture.

Most individuals can earn interest from their savings without incurring a tax liability thanks to a number of allowances available each tax year (from 6 April to 5 April). These include your Personal Allowance, the starting rate for savings, and the

16/07/2026

Alert: Selling shares this tax year? You might face Capital Gains Tax if your profits exceed the £3,000 allowance. Costs and reliefs can change what you owe. Find out why this matters to your wallet and what to keep in mind before you report to HMRC. Read on for the essentials.

If you are selling shares or other investments, you may incur Capital Gains Tax (CGT) on any profit, or 'gain', you make. You will need to work out your gain to determine if you need to pay tax, which depends on whether your total gains exceed your

15/07/2026

Alert: Your Making Tax Digital quarterly deadline is approaching. Are your digital records ready for HMRC's new update system? Find out why it matters now and what you need to check before submitting your first update. Read on to stay ahead and avoid surprises.

If you are already registered for Making Tax Digital (MTD) for Income Tax, it is important to ensure you are ready for your first quarterly update deadline. Unlike a traditional self-assessment return, MTD requires you to keep digital records and

15/07/2026

Could HMRC one day recover unpaid tax directly from your bank account?

A recent government proposal could expand HMRC’s debt recovery powers, allowing low-value tax debts to be collected through direct instalments from bank accounts—without going to court.

It’s important to remember: this is currently a proposal, not law.

The best protection is staying on top of your tax obligations and speaking to HMRC early if you’re struggling to pay. In many cases, a Time to Pay arrangement can help before matters escalate.

💬 DM us “BANK” if you’d like to understand what this proposal could mean for your business.

At Ruddocks & Co, we’re here to help you stay compliant and plan ahead with confidence.