You’ve been working hard to grow your business, and it’s finally starting to pay off. The enquiries are rolling in, your income is rising month on month — and things feel like they’re gaining momentum. But here’s the reality check: without solid bookkeeping foundations, you could be unknowingly falling foul of the tax system.

This guide highlights 7 costly mistakes that business owners often make, and more importantly, how you can avoid them. Whether you're a sole trader, freelancer, partnership or running a growing business, these insights will help you stay compliant, save time, and keep more of what you earn.