Finance & Accounting>Pension
Pension savings in 2025/26
Putting money into a registered pension scheme can be tax efficient. Individuals can make contributions in their own right, or even for someone else, and
April 3, 2025
National Insurance
National Insurance changes from April 2025
Last October Chancellor Rachel Reeves announced somefar-reaching National Insurance changes which will affect employers from April 2025. She also confirmed the rates applying to employees
April 2, 2025
Changing from sole trader to limited company
Changing from a Sole Trader to a Limited Company: Is It Worth It?
If you’re currently operating as a sole trader in the UK, you might be considering whether changing to a limited company is the right move.
March 21, 2025
Savings Account Tax Warning
HMRC Savings Account Tax Warning: Important Information You Should Know
Many UK savers may not realise that interest earned on savings accounts could be taxable. With HMRC increasing its focus on unreported savings interest, it’s
March 21, 2025
Best Accountant
Best Accountant in England – Why Choose Us?
When it comes to managing your finances, finding the best accountant can make all the difference. Whether you’re a small business owner, a freelancer, or
March 19, 2025
National Insurance
Looking for your National Insurance number online in the UK?
Your National Insurance (NI) number is a unique identifier used by HMRC to track your tax and contributions. If you’ve misplaced it, don’t worry—you can
March 18, 2025
Child Benefit
How to Claim Family Allowance (Child Benefit) in the UK?
Family Allowance, officially known as Child Benefit, is a payment from the UK government to help parents or guardians with the cost of raising children.
March 18, 2025
Personal Allowance
Time running short to use your 2024/25 personal allowance
Most individuals are entitled to receive a personal allowance. This is the amount that they are able to earn before they pay tax. For 2024/25,
March 11, 2025
Timing your payments
Timing your payments around the year end
For unincorporated businesses, from 6 April 2024 onwards the cash basis is the default basis of accounts preparation. Unlike the accruals basis under which income
March 6, 2025
tax relief for expenses online
Claiming tax relief for expenses online
Employees who incur expenses in undertaking their job may be able to claim tax relief for those expenses where they are not reimbursed by their
March 5, 2025
Capital Gains Tax
Have you used your capital gains tax annual exempt amount?
Individuals have a separate tax-free allowance for capital gains tax purposes – the capital gains tax annual exempt amount. Although it has been reduced considerably
March 5, 2025
Finance & Accounting>Dividend
Should we pay a dividend before the end of the tax year?
If you are the owner of a personal or family company, it is prudent to review your dividend strategy before the 2024/25 tax year comes
March 4, 2025
Finance & Accounting>VAT Registration
Is That Company VAT Registered? Here’s How to Find Out
If you’re doing business with another company or simply curious, knowing whether they are VAT registered can be essential. In the UK, companies with an
February 28, 2025
Accountant for My Limited Company
Should I Hire an Accountant for My Limited Company in the UK?
Starting and running a limited company in the UK involves several financial responsibilities, including filing annual accounts, managing payroll, and staying compliant with HMRC. If
February 24, 2025
Rental Income
How to Legally Reduce Tax on Rental Income in the UK
Rental income can be a great source of additional income, but it also comes with tax responsibilities. Fortunately, there are several legitimate ways to reduce
February 24, 2025
Salary Sacrifice Arrangement
Using salary sacrifice to beat the rise in employer’s NIC
One of the more unpopular Budget announcements was the rise in employer’s National Insurance from 13.8% to 15% from 6 April 2025. The Class 1A
February 22, 2025
Finance & Accounting>Tax Return
Action you can take if you are struggling to pay your tax
Tax due under Self Assessment for 2023/24 should have been paid in full by midnight on 31 January 2025, along with the first payment on
February 22, 2025
Finance & Accounting>Corporation Tax
Understanding Corporate Gains Tax in the UK?
Corporation Tax on Chargeable Gains, often referred to as Corporate Gains Tax, is a critical aspect of corporate taxation in the UK. Businesses that dispose
February 15, 2025
HMRC Change Of Name
How to Change My Name with HMRC in the UK
If you have changed your name due to marriage, divorce, or any other reason, it is essential to update your records with HMRC to ensure
February 15, 2025
HMRC Tax Refund Cheque
HMRC Tax Refund Cheque – What You Need to Know
Receiving a tax refund from HM Revenue & Customs (HMRC) can be a pleasant surprise, but many people wonder how they will get their money
February 14, 2025