Got a Tax Question? Don't Let TikTok Cost You Thousands

The Rise of the Finfluencer

It's a new word that's becoming more common.

A finfluencer is someone who shares money, tax or business advice on social media. Some are qualified professionals, but many are simply people creating content to get views and followers.

Then there's AI. Instead of calling their accountant, lots of business owners are asking ChatGPT or Google for instant tax answers.

There's nothing wrong with using these tools to learn something new—but they're no substitute for advice that's based on your business.

10 Reasons Why One Size Doesn't Fit All

Whether you're a plumber, electrician, builder, joiner, roofer or run your own small business, your tax situation is unique.

A 30-second video can't tell whether you're a sole trader or a limited company.

AI doesn't know what expenses you've already claimed, whether you've bought a new van or tools, or what your plans are for the future.

That's why professional advice still matters.

1. Your Business Is Different

Just because something worked for another business doesn't mean it'll work for yours.

Good tax advice is based on your own circumstances.

2. AI Doesn't Know the Full Story

AI only knows what you tell it.

Your accountant knows your business, your accounts and your long-term plans.

3. Tax Rules Change

Budgets happen.

HMRC updates its guidance.

Tax rules change.

Your accountant keeps up with those changes, so you don't have to.

4. Just Because It's Online Doesn't Mean It's Right

A video with thousands of likes can still give poor advice.

Unfortunately, bad information spreads just as fast as good information.

5. Mistakes Can Be Costly

Following the wrong advice could mean:

• Paying more tax than you should

• Missing out on tax relief

• Getting a surprise bill from HMRC

• Paying penalties or interest

Getting it right first time is always cheaper.

6. Your Accountant Could Save You Money

A good accountant doesn't just fill in tax returns.

They'll help you claim everything you're entitled to and spot ways to make your business more tax efficient.

7. You've Got Someone to Ask

When tax gets confusing, it's reassuring to speak to a real person who knows your business—not a chatbot.

8. Every Business Grows and Changes

• Maybe you're taking on staff.

• Buying a new van.

• Moving into bigger premises.

• Becoming a limited company.

These are all things your accountant can help you plan for.

9. Less Stress

Running a business is hard enough without worrying whether you've followed bad advice from the internet.

Professional advice gives you confidence that you're doing things properly.

10. Your Accountant Is on Your Side

Your accountant wants your business to succeed.

We're here all year round—not just when your tax return is due.

Use AI... But Don't Rely on It

AI is a brilliant tool for getting quick information and understanding the basics.

But when real money, tax and your business are involved, it's worth checking with someone who knows what they're talking about.

We work with tradespeople and small businesses across the North East every day. We understand the challenges you face because we've helped businesses like yours for years. So before you act on something you've seen on TikTok, Facebook or an AI chatbot, give us a call. It could save you far more than you think.

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