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- Rachel Wait
About the Author
Rachel Wait is a regular contributing writer at Money.co.uk. She uses her personal finance expertise to help our readers understand their financial needs and options.
Rachel has spent the majority of her career writing about personal finance for leading price comparison sites and the national press, beginning as a reporter for Shares Magazine in 2007, although she started out writing business newsletters before that, in 2004.
She was Editor and then Managing Editor at Moneysupermarket for over eight years and since 2020, has written extensively on credit cards, pensions, insurance and mortgages for the Mail on Sunday, The Observer, The Spectator, the Evening Standard, Forbes UK, The Sun, as well as other publications.
Expertise
Insurance
Credit cards
Pensions
Mortgages
Education
BA (Hons) English, University of Exeter

What is qualifying income for MTD for Income Tax Self-Assessment?
Learn how to calculate qualifying income for Making Tax Digital for Income Tax Self-Assessment and ensure you meet the requirements on time.
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MTD bridging software: what it is, how it works and how to use it
If you prefer using spreadsheets to manage business finances, bridging software enables you to stay MTD-compliant without switching to full accounting software
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Can HMRC access my bank accounts? A guide for small businesses
Learn when HMRC can access your bank accounts and the steps you can take to reduce the risk of it happening.
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Making Tax Digital for VAT explained for small businesses
Everything you need to know about Making Tax Digital for VAT-registered businesses.
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Interest-free business credit cards: all you need to know
We explain how an interest-free business credit card could benefit your company.
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Balance transfer business credit cards: an in-depth UK guide
Discover how a business balance transfer credit card could help you pay off existing debts more quickly
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Making Tax Digital for landlords: your checklist to get MTD-ready
Find out what steps you need to take to prepare for Making Tax Digital and stay compliant.
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10 steps to running a successful business
Learn the key steps to running a successful business, from managing finances and marketing to staying compliant and protecting your well-being.
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13 golden rules for managing your small business finances
Discover the key rules for managing your business finances to improve your chances of long-term success.
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Making Tax Digital for sole traders: your MTD-ready prep checklist
This straightforward guide explains everything sole traders need to know to prepare for Making Tax Digital.
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How to do competitor analysis for your small business in seven steps
Understanding your competitors is essential for helping your business stand out in the market.
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Choosing the right business structure: seven key factors to consider
We outline the essential issues you should think about when deciding which business structure is right for you.
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Business partnerships in the UK: types, how they work and key pros and cons
Discover how UK business partnerships work, the differences between general, limited and LLP structures, and the advantages and disadvantages of each.
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How to start a business partnership in the UK – a practical nine-step guide
Step-by-step guide to starting a business partnership in the UK, including how to register, choose a partner and meet legal requirements.
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Business expenses: what you can (and can’t) claim
Discover what counts as a business expense and how claiming such expenses can lower your tax bill.
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Do you need a joint bank account for your business partnership?
Setting up a business partnership? Learn whether you need a joint business bank account and how to set one up if you do.
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What is a business credit card and why do you need one?
Discover the benefits of holding a business credit card, how to apply for one, and what to watch out for.
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13 practical ways to get finance for your business
Discover the different types of business finance, along with their pros and cons, so you can decide what works best for you.
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How to accept credit card payments: a step-by-step guide
With card transactions on the rise, it’s more important than ever to understand how your business can accept credit card payments.
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Business credit card eligibility check: what you need to know
Discover the benefits of using an eligibility checker before applying for a business credit card
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What do you need to open a business bank account in the UK?
Applying for a business bank account? Find out what documents and details you need to provide
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Business financial planning 101: a small business owner’s guide
Discover everything you need to know about the importance of financial planning for your business.
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Overcoming cash flow challenges: practical solutions for small businesses
If your small business faces cash flow problems, it’s important to know how to fix them. This guide offers seven solutions to common cash flow challenges.
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Cash flow management: the ultimate guide for small businesses
Find out why managing your cash flow is so important and how to do it.
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Simple business template with step-by-step guide (plus example)
Write your business plan today with our free step-by-step guide, template and practical example – structured and tailored for any business type.
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Invoice factoring explained: how it works and what to consider
If your business relies on invoicing, invoice factoring can provide early access to customer payments, helping to improve cash flow.
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Term loans explained: how they work and when to use one
A term loan lets you repay a lump sum of cash over a fixed term, but is it right for your business?
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What is invoice discounting and how does it work?
Discover how you could improve your company’s cash flow by borrowing against your unpaid invoices.
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Business finance explained: how to choose the right funding for your business
Explore the key types of business finance, why they matter and how to find the right funding option for your business needs.
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Asset-based lending: what is it and how does it work?
Find out how you could use business assets to help you secure a loan.
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Invoice finance explained: a simple guide for SMEs and startups
Invoice finance could be an easy way to boost business cash flow if you regularly invoice clients.
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What is asset finance? Everything you need to know
Discover how your business could access new equipment or vehicles with minimal upfront costs.
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Merchant cash advance explained: a guide for small businesses
A merchant cash advance offers a flexible alternative to a business loan – but is it right for you? Discover the pros and cons in this helpful guide.
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15 low-cost business ideas with great potential for 2026
You don’t have to be a millionaire to start your own business. Discover 15 of the best low-cost business ideas for 2026.
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12 innovative startup business ideas for 2026
From running your own virtual reality events to building robotics, check out these innovative startup business ideas.
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What are the key benefits of a business credit card?
A business credit card can be hugely beneficial to your business, but this form of borrowing is not without its pitfalls. Find out what you need to know.
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Business credit score: what it is, how to check it and ways to improve yours
Having a good business credit score can help you secure finance and negotiate better deals. Discover practical steps to boost yours today!
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Personal vs business bank accounts: key differences explained
Understand how personal and business bank accounts differ and what to look out for when choosing between the two.
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Should you have two business bank accounts?
Discover the potential benefits and pitfalls of having more than one business bank account.
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8 practical tips to separate your personal and business finances
Discover how to differentiate your business and personal spending with this handy five-minute guide.
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How to choose a business bank account: 7 things to consider
Find out what every company needs to know when choosing a business bank account.
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What is VAT and how it works: a clear guide for business owners
If you run your own business, make sure you understand when you need to register for VAT and how to submit your VAT return.
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Business tax in the UK: 7 key types you need to know about
Confused about business tax? Learn more about the types of tax your business needs to pay and how to make payments.
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How to register for VAT: a step-by-step guide for small businesses
Follow our easy-to-follow guide to registering for VAT.
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Pros and cons of being VAT registered: key factors to consider
If you’re considering registering for VAT, be sure to weigh up the pros and cons first.
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What is the VAT registration threshold? A guide for UK businesses
Understand when you need to register for VAT as a business and the consequences if you don’t.
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The 4 main types of UK business structures explained
Starting your own business but not sure which type of business structure to use? Our guide explains all you need to know.
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The 7 types of business ownership and the right one for you
Learn about the different types of business ownership in the UK and what you need to consider before choosing the right structure for you.
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How to register as self-employed in the UK: a complete guide
If you’re setting up your own business, registering as self-employed is an essential step to getting started.
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How to set up as a sole trader: your practical nine-step checklist
Make sure you understand the rules and regulations that apply when setting up as a sole trader.
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How to set up a limited company in the UK: A step-by-step guide
If you’re setting up a limited company, it’s important to understand the rules you need to follow as part of the process.
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Small business line of credit vs loan vs credit card: which is best?
We explain the key differences between business loans, business credit cards and business lines of credit so you can find the right type of funding.
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7 reasons your business loan was rejected (and what to do next)
Discover the most common reasons for business loan rejections and what you can do to increase your chances of success.
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Bad credit business loans
Considering applying for a business loan but have bad credit? We explain your options for getting the finance you need.
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What is a secured business loan? Everything you need to know
Secured business loans typically let you borrow a larger sum at cheaper rates than an unsecured loan. But are they right for you?
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12 types of business loans: expert guide to choosing the right one
Ever wondered how the different types of business loans work? We explain everything you need to know.
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What is a business plan and why every entrepreneur needs one
Crafting a business plan boosts your chances of running a successful business and helps secure funding for your venture. Begin developing your plan today.
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What is cash flow and why is it important to a small business?
Find out how to stay on top of your cash flow and why it’s a crucial part of running a business.
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What is market research and why it matters for new businesses
Discover how market research can help you better understand your customers and competition and get to grips with the latest market trends.
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Insurance for startups: a guide to protecting your business
All you need to know about buying the right type of business insurance for your startup.
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What is business insurance and why is it so important?
Business insurance can protect your company from financial losses if something goes wrong. Here’s how it works.
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Pros and cons of a business savings account
Opening a business savings account can be hugely beneficial, but it also has its downsides. Find out if it’s right for you with this essential guide.
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How to save money as a small business: 10 cost-cutting tips
Running a small business? Discover 10 money-saving tips that can help you cut costs and boost the financial efficiency of your company.
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Your guide to business bank account monthly fees
Opening a business bank account? Discover the ongoing fees you might face and how to limit what you pay.
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What is a business savings account and how does it work?
You could be making interest on your business's spare cash by moving it into a business savings account. Here is how they work and how to open one.
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How to open an online shop: everything you need to know
Find out everything you need to know about selling products online with your own web-based store.
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Bootstrapping for Startups
Find out how bootstrapping could help get your new business off the ground.
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Should You Pay in Local Currency?
When spending overseas, you might be asked if you want to pay in the local currency or sterling. We explain why choosing the local option can be cheaper.
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Tips for Travelling on a Budget
Do you love to travel but need to save money? Follow these top tips for travelling on a budget.
Read more about getting a travel money deal
Online Business Ideas to Dominate the Digital World
From dropshipping to online coaching, discover over 30 successful internet business ideas to get your online venture off the ground.
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Do you need a business bank account? Key rules, benefits and FAQs
Confused about the rules for business bank accounts? This guide explains all you need to know.
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Business overdrafts: what they are and how to apply
Learn how business overdrafts work, their benefits and how to apply for one.
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Benefits of a Business Bank Account
Discover why a dedicated business bank account is a smart move for sole traders, freelancers and startups as well as established businesses.
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How to Create an Effective Monthly Spending Budget
Follow our step-by-step guide to creating a monthly spending budget to take control of your finances.
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Should You Focus on Paying Off Debt or Saving Money?
Deciding whether to pay off debt or build a savings pot first isn’t always easy. Here’s what you need to know.
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How to get started in web development and design
Ready to work with the web? Discover how to level up your web design skills, learn web development essentials and find out what you could earn building websites
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How to Spot Loan Scams and Avoid Them
Discover what loan fraud is and how to protect yourself against loan scams.
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What insurance do I need for my business?
No one wants to pay for something they may never use, but sometimes business insurance isn’t an optional extra. We explain when business insurance becomes a legal requirement, and when it’s a matter of choice.
What you need to check for
What is public liability insurance and what does it cover?
Public liability insurance protects your business if someone sues you due to an injury or damage to their property. Here’s how it works.
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How Much Can You Put in an Isa?
ISAs are a tax-efficient way to save, but it’s important to understand how ISA allowances work.
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How do business loans work? Here’s what you need to know
This in-depth guide explains how business loans work, the types of business loans available, and who can apply.
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10 small business marketing ideas to boost growth
Learn how to best promote your business with these 10 smart marketing ideas for small businesses.
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How to create a memorable brand for your business
Set your business up for success by following our tips on creating a memorable brand identity.
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How to get a business loan: your step-by-step guide to approval
Boost your chances of approval for a business loan with our easy-to-follow guide.
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What Is Equity Finance For Businesses?
If you have a new business with little credit history, equity finance could help you get the funding you need. Our guide explains how it works.
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How to get out of business debt in eight steps
Use our step-by-step guide to address business debt and regain control of your finances.
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Take control of your business expenses to boost your profitability, reduce your tax bill and ensure your accounts remain accurate and up to date.
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How To Protect Your Business from Payment Fraud
Payment fraud is an increasing issue for businesses. Protect your company with these payment fraud prevention tips.
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30 small business ideas for 2026
Keen to set up a small business in 2026? Here’s our pick of the best businesses to start this year.
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How to improve cash flow in a small business: 8 practical ways
Learn how to improve cash flow in your small business with actionable tips on forecasting, payments and costs to keep your growth on track.
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What Business Tax Relief Are You Entitled to?
Find out how you can qualify for tax relief that could potentially reduce your small business' tax bill.
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55 business ideas to kick-start in the UK this year (2026 guide)
Thinking of starting a business? Here are 55 practical ideas to help you get started, including AI spinoffs, low-cost options and home-based working.
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How to make an invoice
If you’ve set up your own business, knowing how to create an invoice correctly is crucial to ensuring you get paid, as we explain.
Full guide to making an invoice
How to write a business plan in 10 simple steps
Follow our step-by-step guide to writing a business plan and setting your business up for success.
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How to save petrol while driving
With petrol and diesel prices hitting all time highs in the UK, we’ve tracked down some of the people who are managing to almost double the distance they can drive on a full tank to share their secrets.
Read moreBest exchange rate for Australian dollars September 2026
Find our best exchange rate for Australian dollars. Get more from your travel money by converting GBP to AUD to find the best rates today.
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How to Get the Best Exchange Rate for Your Holiday
Finding the best travel money exchange rates is an easy way to boost your holiday budget. Learn how to get the best deal with this comprehensive guide.
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