RCG

Rohan Corporation Group LTD | Building & investing across construction, technology, finance & social impact. Innovation • Enterprise • Sustainable Growth 🇬🇧

[RCG @rohancorpgroup]

Sole trader or landlord? Check whether Making Tax Digital for Income Tax applies to you. Our plain-English guide covers thresholds, quarterly dates and sign-up, based on https://t.co/VL3yRGy3Wx. https://t.co/C4YqvioIB4

[RCG @rohancorpgroup]

Most money worries in a small business start as small unanswered questions. Write the question down on Monday and the answer on Friday, and a vague worry becomes a short to-do list.

[RCG @rohancorpgroup]

Making Tax Digital for Income Tax runs on 'qualifying income': your total turnover from self-employment and property, before expenses. Over £50,000 and you should have started from 6 April 2026. Source: https://t.co/VL3yRGy3Wx. General information only. #MakingTaxDigital

[RCG @rohancorpgroup]

Myth: tax is a January job. A calmer way to see it: glance at your numbers a little each month, so January becomes a check rather than a scramble.

[RCG @rohancorpgroup]

Cannot pay a tax bill in full? https://t.co/VL3yRGy3Wx says you may be able to set up a payment plan to pay in instalments, and HMRC checks whether the plan is affordable. Source: https://t.co/VL3yRGy3Wx, 'Difficulties paying HMRC'. General information, not tax advice.

[RCG @rohancorpgroup]

Sole traders and small business owners: which admin job do you keep putting off? Receipts, invoices, mileage, something else? Tell us, and we will cover the most common answer in a future post. #SmallBusiness

[RCG @rohancorpgroup]

Not sure where to start when a tax bill is bigger than your balance? We have turned the https://t.co/VL3yRGy3Wx guidance on payment plans into plain-English questions and answers. https://t.co/3J3DLIl1u9

[RCG @rohancorpgroup]

Small habit, big relief in January: once a month, drop your business receipts and invoices into one folder, paper or digital. Ten minutes now beats a weekend of hunting before the Self Assessment deadline.

[RCG @rohancorpgroup]

Did you know? https://t.co/VL3yRGy3Wx lists the main rate of Corporation Tax as 25% for profits over £250,000 and a 19% small profits rate at £50,000 or less, with marginal relief in between. General information, not tax advice. #CorporationTax

[RCG @rohancorpgroup]

Try this today: open your banking app and add a short note to any payment you cannot place at a glance. 'Printer ink, Nov' takes five seconds now and saves a puzzled hour at year end. #SoleTrader

[RCG @rohancorpgroup]

Admin has a reputation problem. It looks like paperwork, but most of the time it is simply the business remembering what it did. Ten minutes of remembering on a Friday saves an afternoon of guessing in January.

[RCG @rohancorpgroup]

Freelancers and sole traders: which expense did you only remember to claim after the year had ended? Tell us below so others can learn from it. #SelfEmployed

[RCG @rohancorpgroup]

Good record keeping is less about clever systems and more about doing the small thing on the day: save the receipt, note the reason. Future you will be grateful, and so will your accountant.

[RCG @rohancorpgroup]

What can a sole trader actually deduct? Our plain checklist runs through the main expense headings, what is off limits and how long to keep your records: https://t.co/y31TY1FKYv

[RCG @rohancorpgroup]

Did you know? https://t.co/VL3yRGy3Wx says you cannot claim expenses if you use the £1,000 trading allowance, and you cannot claim capital allowances either. It is one route or the other, so work out which suits your costs. General information only. #SelfAssessment

[RCG @rohancorpgroup]

Tip for sole traders: once a month, sort your spending under headings such as travel, stock and software, and note the business share of anything you also use privately. Twelve short sessions beat one frantic January weekend.

[RCG @rohancorpgroup]

Did you know? https://t.co/VL3yRGy3Wx says you can ask HMRC to reduce payments on account if you expect a lower bill, online or with form SA303. Be realistic though: if the bill is higher, you pay interest on the difference. #SelfAssessment

[RCG @rohancorpgroup]

Tip: when you move money into a tax pot, give the transfer a clear reference such as 'tax pot Nov'. A tidy bank statement is half of a tidy record.

[RCG @rohancorpgroup]

January's tax bill can look bigger than expected. Our plain-English explainer covers payments on account: who pays, how each payment is worked out and how to ask HMRC to reduce them. https://t.co/KNBfstzCnZ

[RCG @rohancorpgroup]

Quick poll for sole traders: which is hardest to keep on top of, receipts, invoices or mileage? Tell us in the replies, and share your best trick.