Taxtful

Taxtful A different type of accountants. An experienced collective of straight-talking business aficionados

Meet Chris, Founder of TaxtfulBy day, Chris works with construction and trades businesses to help them gain clarity and ...
28/08/2026

Meet Chris, Founder of Taxtful

By day, Chris works with construction and trades businesses to help them gain clarity and control over their finances. He supports businesses turning over between £500k and £3m with everything from bookkeeping and reporting to cash flow, pricing, business valuations, tax planning and fractional CFO support. As a business owner himself, he understands the challenges clients face and is passionate about helping them make better decisions with clear, reliable numbers.

Outside of Taxtful, Chris is the Finance Director at He's also the type of person who gets stuck in and is always happy to help wherever it's needed.

26/08/2026

Taking a dividend this year? You could be putting aside too little for tax.

If you’re a director or business owner planning to take a dividend, it’s worth checking how much you’re setting aside for your personal tax bill.

From April 2026, dividend tax rates increased by 2%, which means the amount you’ve previously put aside may no longer be enough to cover the tax due.

The important thing to remember is that you don’t pay the tax at the point you take the dividend, so it can be easy to take the money, spend it and forget that a tax bill is still coming later.

This is why tax planning is so important. Knowing what you’re likely to owe in advance means you can put the right amount aside and avoid an unexpected bill when your Self Assessment payment is due.

It’s a conversation we have with our clients regularly as part of their wider tax planning, helping them understand the tax implications of the decisions they’re making throughout the year.

If you’re planning to take a dividend, have you checked that the amount you’re setting aside is still enough?

Taking a dividend this year? Your tax bill just got bigger.Dividend tax rates have increased by 2% - so if you’re taking...
24/08/2026

Taking a dividend this year? Your tax bill just got bigger.

Dividend tax rates have increased by 2% - so if you’re taking a dividend this year, the amount you’ve previously been putting aside may no longer be enough.

It’s an easy change to overlook, particularly when you’re used to putting away the same percentage each time. But with the higher rates now in place, it’s worth reviewing your tax provision before taking your next dividend.

The tax isn’t usually paid when you receive the dividend, which means it can be tempting to think about the money as yours to spend straight away. But that tax bill is still coming and finding out you haven’t set enough aside can be an unpleasant surprise.

This is why we encourage our clients to look at dividends as part of their wider tax planning, rather than treating each payment in isolation.

If you’re planning to take a dividend soon, have you checked that the amount you’re putting aside reflects the current rates?

“How much should I pay myself?”This is a question I get often from my clients and there isn’t a one-size-fits-all answer...
21/08/2026

“How much should I pay myself?”

This is a question I get often from my clients and there isn’t a one-size-fits-all answer.

There are a few things to consider when deciding what’s right for you:

- How much your business is bringing in
- Your regular business expenses and upcoming costs
- Your tax liabilities
- How much you need to keep in the business
- What you personally need to cover your living costs

The right amount is about finding a balance between paying yourself enough and keeping your business financially healthy.

Start with your numbers, understand what your business can comfortably afford and make a decision based on that.

Need advice? Get in touch - https://links.oompf.global/widget/booking/TdokGrCVkT0oPbuoXLyr

19/08/2026

The HMRC grace year is not a year off.

While there won’t be penalty points for late MTD Self Assessment submissions in year one, that doesn’t mean you should leave everything until the last minute.

Putting off your bookkeeping now could mean a much bigger job later - chasing receipts, finding old bank statements and spending far more time (and money) getting everything back in order.

Get your bank feeds set up, start using the software available to you and keep on top of your finances throughout the year.

It might feel like extra admin now, but it’ll save you a whole lot of stress later.

Get in touch if you need support - https://links.oompf.global/widget/booking/TdokGrCVkT0oPbuoXLyr

How much should you be paying yourself from your business?There’s plenty of advice online telling you what successful bu...
17/08/2026

How much should you be paying yourself from your business?

There’s plenty of advice online telling you what successful business owners “should” be paying themselves, when they should start taking more money out, or how much they need to be earning to know they’ve made it.

But your business isn’t someone else’s business.

Before deciding how much to take out, look at what your business can actually afford. What’s coming in, what needs to go back out, what tax bills are coming up, and how much cash do you need to keep the business running comfortably?

It’s not about taking as much as possible, or keeping everything in the business to prove you’re growing.

It’s about finding a level that gives you stability and keeps you in control of your finances.

So before you follow the latest piece of business advice on TikTok, look at your own numbers first.

They’re a much better guide than someone else’s highlight reel.

Need advice? Get in touch - https://links.oompf.global/widget/booking/TdokGrCVkT0oPbuoXLyr

Thought tax returns were a once-a-year task?If your turnover was £50,000 or more on your 2024/25 tax return, Making Tax ...
14/08/2026

Thought tax returns were a once-a-year task?

If your turnover was £50,000 or more on your 2024/25 tax return, Making Tax Digital could mean more frequent reporting to HMRC.

The sooner you understand what this means for your business, the easier it will be to stay compliant and avoid any last-minute surprises.

Not sure where to start? Get in touch with the Taxtful team - we're here to help you understand your options.

12/08/2026

If you're self-employed, your tax admin could be about to change.

If your turnover was £50,000 or more on your 2024/25 tax return, the way you report your income has changed. That means keeping on top of your records throughout the year is more important than ever.

For many people, the biggest challenge isn't the extra submissions - it's knowing which software to use, what HMRC expects and whether there's a more suitable way to structure your business.

The good news? You don't have to figure it out alone.

If you're unsure what these changes mean for you, get in touch with us. We'll explain your options, make sure you're compliant and help you find the approach that works best for your business.

Have questions about Making Tax Digital? Drop them in the comments or book a call with us.

https://links.oompf.global/widget/booking/TdokGrCVkT0oPbuoXLyr

28th October is already circled in a lot of business owners' calendars.It's the date of the new Burnham government's fir...
10/08/2026

28th October is already circled in a lot of business owners' calendars.

It's the date of the new Burnham government's first Budget and it's one of the biggest topics our clients are asking about right now.

"What should I be doing?"
"Should I expect tax changes?"
"Is it worth making decisions now or waiting?"

The honest answer? We don't know exactly what will be announced yet.

What we do know is that the first Budget from a new government often sets the direction for the years ahead, so it's understandable that people are paying close attention.

For now, our advice is simple:
- Don't panic.
- Don't make major financial decisions based on speculation.
- Make sure your records are up to date and your business is in the best position to adapt if changes are announced.

As soon as the Budget is released on 28th October, we'll be breaking down what it actually means for small businesses, landlords and individuals - without the jargon.

What questions do you have ahead of the Budget? Let us know below, and we'll do our best to cover them.

Want to maintain a healthy cash flow?Of course you do.That's one of the biggest benefits of maintaining your Gross Payme...
07/08/2026

Want to maintain a healthy cash flow?

Of course you do.

That's one of the biggest benefits of maintaining your Gross Payment Status.

When you receive payments in full, you have more control over your cash flow, helping you pay suppliers, cover project costs and keep your business moving.

Yes, you'll still need to set money aside for your tax bill. But keeping that money in your business until it's due gives you greater flexibility than having 20% deducted before you're paid.

The key is staying compliant. Small admin mistakes or missed deadlines could put your Gross Payment Status at risk. And recent changes mean getting it back could take much longer than it used to.

Need help staying compliant? Get in touch with our team via the link in the comments.

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Workshed Carriage Works, , London Street
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