Individually, none of the recent changes look that dramatic. But when you put them together and actually run through the numbers, the overall impact feels a lot bigger. Especially for sole traders and smaller setups where there isn’t much flexibility to absorb it.
The main thing I’m seeing is the pressure on cash flow. Liabilities creeping up while day-to-day costs are also higher, which makes planning a bit more difficult than it used to be. You can forecast it, but it still feels tighter in practice.
It also feels like the gap between what you earn and what you keep is getting wider, even without any major changes to income.
With the next round of changes coming in April, I’m interested how others are approaching it. Are you adjusting payments on account, changing pricing strategies, or just keeping things as they are and seeing how it plays out?