⭐ FEBRUARY – WEEK 3

Helpful Hint: Keep Business and Personal Finances Separate — It Saves You Money

Mixing business and personal spending is one of the biggest mistakes sole traders make.

It may seem harmless, but by the end of the year it causes:

• Confusing records
• Missed expenses
• Overclaimed personal items
• Hard-to-track income
• More time spent sorting everything
• Higher accountancy costs
• Greater risk of HMRC questions
• 
  

DIY bookkeeping becomes nearly impossible when everything is mixed together.

❗ Why Mixing Accounts Makes DIY Tax Returns Even Riskier

When your finances aren’t separated:

• You can’t easily identify true business income
• You’re more likely to misreport expenses
• You may accidentally claim something personal
• Your tax calculations become unreliable
• HMRC may challenge your figures
• 
  

One wrong claim can trigger penalties — even if it was accidental.

💼 How We Can Fix This From Now Onwards

We help you:

• Set up a clean business account - can be a separate personal account for sole traders.
• Separate spending properly
• Track income and expenses accurately
• Reduce errors at year-end
• Improve cash flow clarity
• Make tax time simple, not stressful
• 
  

A small change now saves huge problems later.



👉 Let us help you get your finances organised before the new tax year begins.