HMRC’s new ‘tax gap’ report – what it means if you’re self employed
In June 2025, HMRC published new figures on the UK’s tax gap, which show that self employed people are a key part of the story.
Keeping on top of your accounts is a key part of running a small business.
In this section, you’ll find practical guides on recording expenses, tracking your income and expenditure, choosing the right accounting software, and keeping accurate records for self assessment time!
We also have extensive guidance on accounting for Making Tax Digital (MTD) changes, which take effect from April 2026.
Whether you manage the accounts yourself or hire an accountant, understanding how accounts work will save you time, money, and stress.