A Director’s Loan Account (DLA) tracks all money moving between you and your company that is not explicitly classified as a salary, dividend, or legitimate business expense repayment. Because you and your limited company are separate legal entities, treating the company bank account as your own triggers strict HMRC tax rules. The Two States of … Continue reading
Making Tax Digital (MTD) was supposed to make life easier for self-employed people and landlords. Instead, it is doing the exact opposite. When HMRC announced the new rules, the promise was a modern, streamlined system that would magically reduce your paperwork. But now that the April 2026 rollout is here for anyone earning over £50,000, … Continue reading