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Accountant costs vary depending on who you are, what you need help with and how complex your finances are. Some people only need a one-off Self-Assessment tax return. Others need regular support with bookkeeping, VAT, payroll, year-end accounts, Corporation Tax … Continue reading
Posted in Uncategorised | Comments Off on How Much Does an Accountant Cost in the UK?Many small business owners start by using one bank account for everything. When you are just getting started, it can feel simple and easy to manage. Over time, though, mixing business and personal transactions can make bookkeeping, tax returns and … Continue reading
Posted in Uncategorised | Comments Off on Why You Need to Keep Business and Personal Transactions SeparateIf you complete a Self Assessment tax return, 31 July is an important date for your calendar. For many sole traders, contractors, landlords and individuals, this is when the second payment on account is due. This can sometimes cause confusion, with the date being significantly later than … Continue reading
Posted in Uncategorised | Comments Off on Understanding Your 31 July Tax Payment Deadline (Second Payment on Account)A P60 is an end-of-year tax summary issued to employees and anyone paid through PAYE. It shows how much someone earned and how much tax they paid during the previous tax year, which runs from 6 April to 5 April. … Continue reading
Posted in Uncategorised | Comments Off on Everything You Need to Know About P60sIf you provide benefits or expenses to your employees, you need to know about P11Ds. While it’s easy to overlook the P11D deadline when organising your payroll, missing it could lead to penalties and unnecessary stress for your business. The … Continue reading
Posted in Uncategorised | Comments Off on P11D Filing Deadline 2026: What You Need to KnowIf you run a limited company as a contractor or a small business owner, VAT becomes more of a priority as your turnover grows. You might have heard about the flat rate VAT scheme but may be unsure how it … Continue reading
Posted in Uncategorised | Comments Off on Flat rate VAT: Thresholds and RegistrationIf you run a limited company or small business, you’ve probably wondered what you can legally claim tax back on. It’s a sensible question, as claiming the right expenses reduces your tax bill because it lowers your taxable profit. In … Continue reading
Posted in Uncategorised | Comments Off on What You Can Claim Tax Back on as an SMEWith the new tax year starting on 6 April 2026, it’s an ideal time to check that your business finances are in order. The start of a new tax year is time to check your systems are working properly and … Continue reading
Posted in Uncategorised | Comments Off on Start the New Tax Year Right: A Practical ChecklistThe end of the tax year is an important date for sole traders, limited company directors and landlords. This year, the end of the 2025/26 tax year falls on 5 April 2026. While the January filing deadline often gets more … Continue reading
Posted in Uncategorised | Comments Off on End of the Tax Year: What to Finalise Before 5 AprilIf you’re confused by the tax audit thresholds in the UK, you’re not alone. The rules changed in April 2025, and many business owners are still unsure if they are affected. The main takeaway is that fewer companies now need … Continue reading
Posted in Uncategorised | Comments Off on Tax Audit Thresholds and Requirements: What Changed in April 2025? ← Older posts