by Therap_Admin | Sep 17, 2025 | Uncategorized
Therapists and mental health professionals know that time is precious. Between managing sessions, safeguarding clients, and handling paperwork, financial administration can feel overwhelming. Fortunately, artificial intelligence is reshaping accountancy in ways that...
by Therap_Admin | Aug 25, 2025 | Uncategorized
As a therapist running your own practice, completing your Self-Assessment doesn’t need to be stressful. Here’s your streamlined guide. 1. Do You Have To File? If you earned over £1,000 from your therapeutic services (e.g., counselling, coaching, workshops), you must...
by Therap_Admin | Jul 26, 2025 | Uncategorized
If you’re a therapist, counsellor, psychologist, or mental health professional, big changes are on the horizon for how you manage your tax. Starting April 2026, Making Tax Digital (MTD) for Income Tax will apply to anyone earning over £50,000 from...
by Therap_Admin | Jun 28, 2025 | Uncategorized
Recent figures reveal that around £6.6 billion in old UK banknotes and coins remain unreturned — despite many of them no longer being legal tender. Paper £20 and £50 notes were withdrawn in 2022, and yet 375 million paper notes are still in circulation, including...
by Therap_Admin | May 24, 2025 | Uncategorized
From 1st June 2025, HMRC is updating its Advisory Fuel Rates (AFRs) – the amounts you can claim for business mileage in company vehicles or repay for personal use. While the changes are small, they can affect your practice’s expenses and tax position. Key updates...
by Therap_Admin | Apr 21, 2025 | Uncategorized
From 6 April 2025, HMRC increased its interest rates on late tax payments – a change that could impact the finances of many mental health professionals across the UK. With the late payment rate rising by 1.5 percentage points, there’s never been a better time to...
