http://www.cashtrak.co.uk/blog/ The latest Blog feeds from www.cashtrak.co.uk en-us Thu, 17 Sep 2026 07:04:54 +0100 Rocketspark http://www.cashtrak.co.uk/blog/post/27150/first-mtd-quarter-complete-what-we-learned/ It's hard to believe that we're already a month on from the first Making Tax Digital (MTD) for Income Tax quarterly submission deadline on 7th August! 🎉Our first group of 10 clients has now completed the full MTD journey with us—from registration and identity checks to connecting bookkeeping software with HMRC and submitting those crucial first quarterly updates.And we were far from alone: more than 430,000 people with sole trader or property income signed up with HMRC during the first quar... Fri, 11 Sep 2026 13:42:34 +0100 http://www.cashtrak.co.uk/blog/#post27150 http://www.cashtrak.co.uk/blog/post/27121/hiring-a-self-employed-contractor-dont-make-this-costly-mistake/ One of our clients recently contacted us for guidance about bringing someone into their growing business on a self-employed basis, with the intention of potentially offering employment in the future if the workload became consistent enough.It's a question we are being asked more and more often by small business owners. As businesses grow, there often comes a point where extra help is needed, but committing to an employee straight away may not be financially viable.In this case, our client had do... Tue, 08 Sep 2026 15:24:27 +0100 http://www.cashtrak.co.uk/blog/#post27121 http://www.cashtrak.co.uk/blog/post/27082/is-your-bookkeeping-helping-your-business-grow/ Running a business often means wearing many different hats. Sales, customer service, marketing, operations, staffing and compliance can all compete for your attention on any given day. With so much going on, bookkeeping can sometimes become a task that's simply completed because it has to be.But good bookkeeping should be much more than a compliance exercise.At Cashtrak, we believe your bookkeeping should help you understand your business, make informed decisions and give you confidence in the n... Wed, 02 Sep 2026 11:09:51 +0100 http://www.cashtrak.co.uk/blog/#post27082 http://www.cashtrak.co.uk/blog/post/26595/can-you-claim-petrol-on-your-tax-return--what-hmrc-actually-allows/ For many self-employed people—especially dog walkers, pet sitters, cleaners, and mobile trades—your vehicle is essential to your business.But one of the most common mistakes we see at Cashtrak is this:Claiming petrol receipts as a business expense when the car is also used personally.Let’s break down why that’s not correct, what HMRC expects, and how you can claim the right way (without over complicating things).... Tue, 09 Jun 2026 14:32:29 +0100 http://www.cashtrak.co.uk/blog/#post26595 http://www.cashtrak.co.uk/blog/post/26477/exciting-updates-from-cashtrak/ Now we are more settled, we wanted to take the opportunity to update you with some exciting news and developments within the business.As many of you know, Sue took over Cashtrak in March, marking the beginning of an exciting new chapter for the practice. Over the past few months, our focus has been on ensuring a smooth and seamless transition for both our clients and our team – and we’re pleased to say that everything is now in place.While there is new ownership, what remains unchanged is th... Thu, 14 May 2026 16:10:49 +0100 http://www.cashtrak.co.uk/blog/#post26477 http://www.cashtrak.co.uk/blog/post/25972/different-trades-one-goal-master-your-finances-as-a-sole-trader/ Whether you are on a construction site in High Wycombe, baking artisan treats in your kitchen, or providing aesthetic treatments in a local studio, your day-to-day work couldn't be more different. However, once the tools are put away and the apron comes off, every sole trader shares one identical goal: making the business work financially.Now that the final rush of the January 31st tax deadline is (hopefully) behind us, we’ve reviewed the "first-time" returns we completed for our new clients. ... Wed, 04 Feb 2026 07:28:14 +0000 http://www.cashtrak.co.uk/blog/#post25972 http://www.cashtrak.co.uk/blog/post/25875/jingle-bells-and-balanced-ledgers-your-christmas-bookkeeping-guide/ Christmas is almost here: festive lights are up, the office secret Santa underway, the last thing on most business owners' minds is their "to-do" list for the taxman. However, a little bit of holiday prep now can save you a giant headache in January.At Cashtrak, we want you to enjoy your turkey and tinsel without worrying about your receipts. Here are our top tips for staying organised this Christmas.... Mon, 22 Dec 2025 11:44:09 +0000 http://www.cashtrak.co.uk/blog/#post25875 http://www.cashtrak.co.uk/blog/post/25560/dont-let-business-anxiety-haunt-your-books-/ The final quarter of the year is here, and whether you're decorating for a holiday or just enjoying the crisp weather, one thing's for sure: the dread of upcoming financial deadlines is real.If the thought of tax season gives you a cold sweat or payroll makes you want to hide under your desk, you're not alone. Many small business owners are haunted by the spectre of poor bookkeeping.At Cashtrak, we're here to be your friendly financial problem-solvers! We handle the anxiety-inducing work so you ... Tue, 21 Oct 2025 09:46:29 +0100 http://www.cashtrak.co.uk/blog/#post25560 http://www.cashtrak.co.uk/blog/post/25058/the-hidden-complexities-of-payroll-two-lessons-from-the-past-year/ This National Payroll Week 2025, we're taking a moment to reflect on some of the most complex payroll items we've handled over the last year. While many people think of payroll as a simple button-press, the reality is that it's a tightrope walk of regulations, calculations, and detailed compliance.Here are two examples that highlight why professional payroll support is so crucial.... Mon, 01 Sep 2025 15:16:32 +0100 http://www.cashtrak.co.uk/blog/#post25058 http://www.cashtrak.co.uk/blog/post/25057/payroll-is-more-than-just-pay--understanding-workplace-pensions-during-national-payroll-week-2025/ As we continue celebrate National Payroll Week 2025 under the theme “Celebrate That Payday Feeling,” it’s the perfect time to shine a light on the unsung heroes behind every payslip—and the intricate systems they manage. Payroll isn’t just about getting paid. It’s about compliance, care, and complexity. One area where this is especially true is workplace pensions.... Mon, 01 Sep 2025 14:24:00 +0100 http://www.cashtrak.co.uk/blog/#post25057