Payments on account are advance payments towards your next Self Assessment tax bill (in this case for the year 25/26). You pay them on top of any tax you owe for the previous (24/25) tax year. HMRC uses payments on account to help spread the cost of your tax across the year rather thanContinue reading “The UK’s payments on account system catches a lot of new sole traders by surprise.”
Author Archives: Editor
12 New Year Resolutions to make yours a thriving business in 2026
By Liz Barclay – co-founder http://www.business111.com It’s that time of year. Many of us are thinking about how we’ll do things differently over the next 12 months with the aim of making our businesses thrive. After all the disruption and uncertainty coupled with challenges like the rising cost of doing business and customers withContinue reading “12 New Year Resolutions to make yours a thriving business in 2026”
Coping mechanisms: the ABC approach
There is no single solution to mental health challenges in business. What helps is a framework that people can adapt to their own circumstances. This episode introduces the ABC approach: A — AwarenessRegularly checking in with yourself. Noticing how work affects your mood, sleep and energy. Identifying patterns — what lifts you upContinue reading “Coping mechanisms: the ABC approach”
What pressures are damaging small business mental health?
Business111.com Podcast Series One – Episode Two Small business stress rarely comes from one dramatic event. It builds slowly, through everyday frictions that pile up. Late payment is one of the biggest contributors. Waiting for money that’s already been earned affects sleep, confidence and decision-making. Ghosting — where clients disappear after requesting quotes orContinue reading “What pressures are damaging small business mental health?”
Taking care of yourself when business feels isolating
Series 1 Episode 3 Isolation in business is not just about being physically alone. Many people work around others every day and still feel unable to talk honestly about stress, fear or overwhelm. Clients are not always safe spaces for openness. Admitting pressure can feel risky when future work depends on appearing capableContinue reading “Taking care of yourself when business feels isolating”