Making Tax Digital Is SCARY (If You Don’t Understand This)

2026-02-09

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Making Tax Digital is scary.If you don’t understand it.And most people don’t.Hi, I’m Clare Bailey, founder of Retail Champion.In this episode of Retail Reckoning, I’m joined by accountant Rachel Parker, someone I trust with my own business finances.We’re talking about Making Tax Digital.What it actually means.Why so many small business owners are panicking unnecessarily.And what really matters if you want to stay compliant without losing sleep.This isn’t an episode about jargo...

Making Tax Digital is scary.

If you don’t understand it.

And most people don’t.

Hi, I’m Clare Bailey, founder of Retail Champion.

In this episode of Retail Reckoning, I’m joined by accountant Rachel Parker, someone I trust with my own business finances.

We’re talking about Making Tax Digital.

What it actually means.

Why so many small business owners are panicking unnecessarily.

And what really matters if you want to stay compliant without losing sleep.

This isn’t an episode about jargon, scare stories, or buying expensive software you don’t need.

It’s about understanding how your business structure, reporting habits, and routines affect your tax, your cash flow, and your stress levels.

We talk about why Making Tax Digital feels overwhelming, why spreadsheets aren’t the enemy, how business structure choices quietly shape your tax position, and why monthly financial routines are where calm actually lives.

This episode isn’t about becoming an accountant.

It’s about feeling more in control of your business.

This episode breaks down:

What Making Tax Digital really is (and what it isn’t)

Why your business structure matters more than you think

How VAT and reporting decisions create knock-on effects

Why people cost more than just salaries

Why businesses fail on cash flow, not profit

How monthly financial habits reduce panic and penalties

If you’ve been quietly stressing about tax, deadlines, or whether you’re doing things “right”, this episode will help you breathe a bit easier and see the bigger picture.

Less panic.

More clarity.

Better decisions.

Let’s get your Retail Reckoning together.

Useful links:

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Retail Champion

https://theretailchampion.co.uk

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