Prime Numbers

If you use your own car for business journeys, this is worth knowing.

On 21st May 2026 it was announced that mileage rate increased to 55p for the first 10,000 miles backdated to 06/04/2026. This has not been updated since 2011.

Here are the details: https://f.mtr.cool/ivlfqsnbux

Record keeping matters here, you need to know:

- Where you went
- Why the journey was for business
- How many miles you travelled
- When the journey took place

A calendar note, mileage app or monthly spreadsheet can make this much easier than trying to piece it all together at year end.

Small habits like this are not exciting, we know, but they are exactly what make tax returns cleaner, faster and less stressful.

One detail that’s catching people out: the £50,000 income test for Making Tax Digital starting in April 2026 is based on your 2024/25 tax return.

That return was due by 31 January 2026, which means HMRC already has the figures it will use to decide whether you’re brought into MTD from April.

If your income was close to the threshold, or last year was stronger than usual, it’s worth checking where you now stand and what this means for the way you manage your tax going forward.

Clarity now saves stress later.

https://f.mtr.cool/nozusguwfh

We're often asked what the one simple change is that makes the biggest difference to how a business is run.

The answer is always the same: regular management reporting.

When you have up-to-date numbers, decisions stop being guesswork. You can see what’s really happening in the business, spot issues earlier, and move forward with confidence rather than uncertainty.

It’s one of the most empowering shifts a business owner can make — because you’re leading with facts, not gut feel.

If you want 2026 to feel calmer, clearer and more intentional, this is a very good place to start.