Finance & Tax8 min
Accruals and Prepayments UK - Year-End Guide 2026
Accruals and prepayments for UK trade businesses: the matching concept, accrued and deferred income, worked examples and a summary table to get year-end right.
The Tradesmith blog
Advice for trades that want more of the right work.
Pricing, compliance, tax, marketing and growth: practical guides written for UK tradespeople.
Finance & Tax
- Finance & Tax8 min
Amend a Self Assessment Tax Return UK - Guide 2026
How to amend a Self Assessment tax return in the UK: the 12-month deadline, amending online or by post, overpayment relief afterwards, penalties and interest.
- Finance & Tax8 min read
Apprenticeship Funding UK - Trade Businesses (2026)
Apprenticeship funding UK 2026: the 0.5% levy on £3m+ pay bills, 95% co-investment, 100% funding for 16-21 year olds and the £1,000 incentive. Set it up right.
- Finance & Tax8 min read
Business Asset Disposal Relief UK - Trade Guide 2026
Business Asset Disposal Relief (BADR) UK 2026: the 10%, 14% then 18% rate path, the £1m lifetime limit, qualifying conditions and how to plan your exit.
- Finance & Tax8 min read
Asset Finance for Trade Businesses UK - Guide 2026
Asset finance UK for trades: hire purchase vs finance lease vs contract hire, tax and VAT treatment, AIA, and funding vans and tools without draining cash flow.
- Finance & Tax8 min read
Associated Companies and Corporation Tax UK 2026
Associated companies divide the £50,000 and £250,000 Corporation Tax limits, pushing UK trade companies into marginal relief or 25% sooner. Plan around it.
- Finance & Tax8 min
Balancing Charges and Allowances UK - Guide 2026
Balancing charges and allowances for UK sole traders: the tax effect when you sell, scrap or give away a van, tools or machinery you claimed allowances on.
- Finance & Tax8 min read
HMRC Budget Payment Plan UK - Spread Your Tax 2026
HMRC Budget Payment Plan for UK trades 2026: pay your next Self Assessment bill in advance by weekly or monthly Direct Debit and smooth out seasonal income.
- Finance & Tax8 min read
Business Property Relief UK - Trade Business Guide 2026
Business Property Relief UK: 100% or 50% IHT relief on a qualifying trade business, the 2-year ownership rule, the trading test and the £1m cap from April 2026.
- Finance & Tax8 min read
Business Rates for Trades UK - How to Cut the Bill
Business rates for UK trades 2026: how rateable value works, Small Business Rate Relief (100% under £12,000), empty property relief and challenging your value.
- Finance & Tax8 min read
Capital Gains Tax on Selling a Trade Business UK 2026
Capital Gains Tax when you sell or wind up a UK trade business: how BADR can cut the rate, the £1 million lifetime limit, two-year conditions and planning tips.
- Finance & Tax8 min read
Capital vs Revenue Expenditure UK - Trade Guide 2026
Capital vs revenue expenditure for UK trades: what you deduct now vs what attracts capital allowances, repairs vs improvements, AIA and full expensing.
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