New Year bookkeeping tips
The period between Christmas and New Year is often quieter for small business owners. It’s a time when many people start thinking about the year ahead and how they want things to feel — less rushed, more organised, and hopefully less stressful. When it comes to finances, the good news is that starting the new […]
Vinted Tax Rules UK
Do you sell your unwanted clothes or household items on Vinted? If so, you might be wondering whether you’re doing it as a hobby, or whether HMRC would consider you a business (a trader). The difference really matters — especially when it comes to tax. You might also have noticed that Vinted sometimes asks for […]
How to pay your tax
Deadline for paying tax due is 31 January. Understanding your payment options can help you avoid penalties, interest, and last-minute stress. Below is a simple, easy-to-follow guide to the different methods you can use to pay your Self Assessment tax bill. Pay Online via Bank Transfer (Faster Payments) This is one of the quickest and […]
Mandatory Companies House ID Verification from 18 November
Starting 18 November, Companies House is introducing mandatory ID verification for all individuals involved in running or owning a company in the UK. If you’re a company director, company secretary, person with significant control (beneficial owner), or anyone filing on behalf of a business, you must verify your identity to remain compliant with UK company […]
Employer Responsibilities in the UK: How to Properly Enrol Employees in a Pension Scheme (Auto-Enrolment)
Every employer in the UK is legally required to provide their employees with access to a workplace pension scheme. Since 2016, most businesses – regardless of size – must follow the rules of so-called auto-enrolment. Below is a step-by-step guide on what you need to do to comply with the regulations. Who qualifies for auto-enrolment? […]
Attention! Lost Your CIS Statement? New HMRC Rules Apply
If you’re working as a subcontractor under the Construction Industry Scheme (CIS), it’s essential to stay updated with the latest rules from HMRC. No More Phone Requests for CIS Statements In the past, subcontractors could request duplicate CIS statements by calling HMRC. However, from 1 July 2024, this is no longer possible. HMRC will now […]
Changes in Employers Allowance from April 6, 2025 – what do you need to know? part 2
In the previous article, we discussed changes for companies where the director is the sole employee. Today, we will look at other situations, including companies that employ more people. Two directors drawing salary If a company has two directors who receive a salary and each of them earns more than £6,504 per year, it means […]
Changes from April 6, 2025 – What You Need to Know
The new tax year 2025/2026 brings significant changes that will affect both employers and directors of Limited companies. The new regulations, effective from April 6, 2025, will have a particular impact on companies where the director is the sole employee. In this article, we’ll break down the key changes and explain how they might affect […]
Which Business Expenses Can Be Deducted from Tax? A Practical Guide for Ltd directors working from home.
Running a business from home in the UK is not only about managing daily operations but also about optimizing costs. One of the key tools to improve financial efficiency is deducting business expenses from tax. This article provides detailed information to help you understand which expenses you can include in your accounting records. 1. Office […]
Maximise Your Savings: Energy Efficiency Tax Relief for UK Businesses
In an era where sustainability is not just a buzzword but a business imperative, the UK government is offering substantial incentives for companies investing in energy efficiency. These tax reliefs and support programmes not only help businesses reduce their operational costs but also contribute to the nation’s environmental goals. Let’s explore how your company can […]