Discover the best accounting practices for sole traders and limited companies for hassle-free tax efficient business.
In this guide, you’ll discover why you need this software, what accounts you need to keep and our top picks for the best self-employed accounting software for businesses in the UK. We’ve been self-employed since 2009 and have collected lots of experience in using different self-employed accounting software in that time. Our reviews are all … Read more
Management accounts are a secret weapon for small businesses – yet they are only used by a tiny fraction of businesses in the UK. Find out the benefits of having management accounts for your small business. By helping you track, record and report all finances in a personalised way, management accounts are a great way to … Read more
Running your own business and want to extract money in the most tax-efficient way possible? We look at how do dividends work in the UK to help you succeed.
National Insurance Contributions (NIC) can be confusing when self-employed. Find everything you need to know about NIC for self-employed in our ultimate guide.
Want to purchase property through your business? Find out all the details with this guide to buying property through a limited company.
Business rates are one of the oldest UK taxes, which apply to all business premises in the UK. Even if you’re working from home, you could be liable for paying business rates on the part of your home which you use for your business – so they are an important aspect to get right. Make sure … Read more
As of April 2024, cash accounting will become the default method for self-assessment tax returns in an effort to make the tax process easier. However, businesses can still choose to opt out of cash accounting and opt for accrual accounting instead. No matter which option is selected, being able to stay on top of your … Read more
As you’ll be more than aware as a business owner, each year, your business has to share its accounts with the Companies House. Although there’s no way to get out of this process as a limited company, there are ways to submit shorter versions of accounts to make this process easier if you’re a small … Read more
Some small businesses can be classified as micro-entities, allowing them to file simpler accounts – discover what micro-entity accounts are and more here.
Thinking of cashing in on the profit you’ve built up? Find out how to extract profit from a limited company in this complete guide.