What is a Personal Tax Account? The Personal Tax Account system is a handy little online resource HMRC has provided to enable you to view and make changes to your personal tax information online. You will be able to manage your tax affairs through the account rather than phoning or […]

Have you ever had a meeting with your accountant and heard them they say a bunch of random words that you don’t understand? Here are a few key accountancy related terms and their definitions to help you out:   Audit – An independent review of financial statements to see whether […]

Corporate governance is no longer a term reserved for large multinational corporations. Small and Medium-sized Enterprises (SMEs) and Owner-Managed Businesses (OMBs) are increasingly recognising the significance of good governance, especially from an Environmental, Social, and Governance (ESG) standpoint. Here’s why.    Building Trust and Credibility   Good corporate governance ensures […]

Taxation is a critical aspect of running a business, and understanding its complexities is essential for limited company owners. Our comprehensive guide ‘Running a Limited Company: A practical guide for business owners’, provides a breakdown of key business tax considerations, including dividend tax, VAT, National Insurance Contributions (NICs), Corporation Tax, […]

Let’s delve into the fascinating realm of the UK tax treatment of Furnished Holiday Lets (FHLs). If you’ve ever dreamt of turning your cozy cottage or charming apartment into a holiday retreat, you’re in the right place. Here we will untangle the complexities of tax rules and discover how FHLs […]

With the UK Government being committed to ending the sale of new petrol and diesel vehicles by the end of 2035 the current tax regime for cars is naturally favourable for zero and low emission vehicles. A summary of the main low emission vehicle tax benefits is provided below.   […]

As a business owner, mastering your finances is crucial for long-term success. In our comprehensive guide ‘Running a Limited Company: A practical guide for business owners’, we explore the essential elements of financial management that every business owner should consider. From budgeting and strategic planning to maintaining a healthy financial […]

The dictionary definition of “Gig Economy” or gig workers is “A way of working that is based on people having temporary jobs or doing separate pieces of work, each paid separately, rather than working for an employer.”   Digital platforms are playing a big role in shaping this economy.  As […]

Running a successful business involves fulfilling various obligations and effectively managing key aspects of your operations. In our comprehensive guide ‘Running a Limited Company: A practical guide for business owners’, we delve into the importance of registering with HMRC, managing your budget, understanding insurance options, and staying on top of […]

Growing concerns about social and environmental issues as well as more attention being given to corporate governance and legal obligations on companies to disclose climate-related information, has led to greater interest in how companies should operate in a responsible way. Companies are increasingly expected to consider purpose as well as […]