Running your own limited company comes with plenty of perks including flexibility, control, and often more tax efficiency. But one of the biggest advantages is the ability to claim business expenses, helping reduce your taxable profit (and ultimately, your Corporation…
When you see “National Insurance” (NI) on your payslip, it’s easy to think of it as just another tax deduction but it’s much more than that. National Insurance contributions (NICs) play a vital role in funding key public services and…
Running a business is exciting but the UK tax system can be confusing. Over the years we’ve noticed the same questions come up again and again. Here’s how we typically respond so you have all the answers. 1. Should I…
Many small business owners breathe a sigh of relief when their Profit & Loss (P&L) statement shows a healthy net income. On the surface, it looks like everything is going well—sales are up, expenses are managed, and the bottom line…
Transforming Your Bookkeeping with Kara and Jenesys Jack In today's dynamic business environment, maintaining a competitive edge involves innovating with technology. Our collaboration with Jenesys.co is poised to bring a transformative shift to bookkeeping for businesses worldwide. By leveraging AI-powered…
Do you use LinkedIn as a marketing tool? If not, it’s definitely worth considering! LinkedIn can be a great place to highlight your professional portfolio, experience, and expertise. Making relevant connections is a great place to start to identify potential…
In a pivotal speech addressing upcoming elections, Chancellor Jeremy Hunt revealed crucial financial policies that are set to mold the nation's economic landscape. But how do these decisions directly affect your personal finances? Let's delve into the key takeaways: Tax…
In the ever-evolving landscape of business and finance, staying informed about the intricacies of taxation is crucial for business owners, entrepreneurs, and financial professionals alike. One significant aspect of the UK's taxation system is corporation tax – a levy imposed…
The UK government is planning to increase the amount of money that workers can save in their pension funds without having to pay extra taxes. Currently, this amount is £1.07 million over a person's lifetime, but it is expected to…
This is essential information for any VAT periods starting on or after 1 January 2023. Being aware of these changes can save money and avoid problems when it comes to submitting a VAT return. HM Revenues and Customs are replacing…