Value Added Tax (VAT) can be one of the more confusing aspects of running a business, especially for small business owners juggling many hats. Even experienced business owners can fall into common traps that result in costly errors or HMRC…
So, you’re ready to grow your business and bring in your first employee—exciting times! Hiring someone can be a game-changer for small businesses, helping you take on more work, offer better service, and free up your time to focus on…
As the new tax year begins, it’s the perfect time to get your finances in order and ensure you’re making the most of available tax benefits. However, many individuals and businesses fall into common tax traps that can lead to…
As spring arrives, it's the perfect time to refresh not just your office space but also your business finances. A financial spring cleaning helps you stay organised, improve cash flow, and set your business up for success. Here’s a comprehensive…
A strong business strategy is essential for long-term success, but even the best plans require periodic reviews to stay relevant in an ever-changing market. Ignoring signs that your strategy needs a refresh can lead to stagnation or even decline. Here…
The General Data Protection Regulation (GDPR) has been shaping data privacy standards since its enforcement in 2018, holding companies to high standards of data handling and transparency. Designed to protect the privacy and rights of individuals in the European Union,…
One of the first and most important decisions you’ll make when starting a business in the UK is choosing the right business structure. Your decision will have significant implications for your taxes, legal responsibilities, and how you manage your business…
In an era where the gig economy is thriving and side hustles have become a common means of supplementing income, understanding the tax implications of your additional earnings is paramount. As of 2024, the UK has introduced new tax laws…
Nestled in the picturesque county of Hampshire, the historic market town of Romsey offers a unique and inviting backdrop for entrepreneurs looking to start or grow their businesses. This made it the perfect location for us to expand Kara Accountants.…
Are you looking to set up a Limited company? A limited company is a company ‘limited by shares’ or ‘limited by guarantee’. Read on to learn more. Limited by Shares Limited by shared companies tend to make a profit. Ultimately…