If you’re a sole trader in the UK, you’ve probably heard about Making Tax Digital (MTD). It’s one of the biggest changes to how HMRC collects and manages tax, and it’s going to affect almost every self-employed person. Making Tax Digital (MTD) If you’re a sole trader in the UK, you’ve probably heard about Making Tax Digital (MTD). It’s one of the biggest changes to how HMRC collects and manages tax, and it’s going to affect almost every self-employed person.

Offering benefits to your employees can help you attract and retain top talent — but it’s important to understand the tax and reporting obligations that come with them. In the UK, certain perks are classed as Benefits in Kind (BIKs) and must be reported to HMRC, usually via a P11D form.

Access to the right funding at the right time can make the difference between a business idea staying on paper and it becoming a thriving enterprise. At IQ Advisory, we work with sole traders, limited companies, and growing SMEs across the UK to identify, prepare for, and secure the funding they need.

The UK construction and trades industry is busier than ever—but while the tools on site may have evolved, accounting headaches remain the same. Whether you're a self-employed tradesperson, subcontractor, or running a construction firm, staying on top of your tax, VAT, and payroll obligations is crucial.

As we move into Q3 of 2025, UK small businesses and self-employed individuals are facing a perfect storm of economic uncertainty, rising costs, and compliance pressures. From HMRC updates to payment delays and funding challenges

Running a small business in the UK? Here’s what your accountant wishes you knew. If you're a start-up founder or small business owner in the UK, good accounting isn't just about compliance – it's about growth. At IQ Advisory, we help clients across the UK streamline their finances, meet HMRC requirements, and make smarter business decisions.