The episode explains HMRC's renewed focus on the £40bn tax gap, the government’s investment in compliance staff and data tools, and why accurate record-keeping (primary and secondary records, VAT invoices, addressed invoices over £250) matters now more than ever.

We cover common trouble spots — Amazon and marketplace invoices, landlord rental income, work-from-home claims, software subscriptions and benefit-in-kind risks — and give practical guidance: keep clear records, be cautious with VAT claims, and consult a specialist accountant if you discover mistakes.

⭐ Rate, Review & Share this episode with fellow business owners, and let's grow together!

⭐ Subscribe to the weekly newsletter to get Expert Advice Straight to Your Inbox: https://www.profitcashgrowth.com/subscribe

⭐ Get a Free copy of Claire's book Profit By Numbers: https://www.profitcashgrowth.com/book

VALUABLE RESOURCES

Website

LinkedIn

YouTube

Facebook

ABOUT THE HOST:

Claire Hancott through Profit Cash Growth helps 6 & 7 figure business owners to increase their profit, improve their cashflow and grow their business using their numbers.

As a finance director & chartered management accountant, Claire has nearly 20 years’ experience in finance and running businesses of her own. This gives her a unique insight into the information and support business owners need to grow a financially successful business.

Claire passionately believes that every business should be run by the numbers because the numbers in your business are telling you a story about what is and isn’t working and where your opportunities lie. Claire’s mission is to provide insightful management accounts, reports and advice to business owners and support them to make smarter decisions.

*The content of this podcast is for entertainment purposes only and does not constitute professional advice.