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…
Family businesses are the backbone of the UK economy but passing them on can be complicated. Without early planning, inheritance tax (IHT), capital gains tax (CGT), and ownership disputes can turn a proud legacy into an expensive headache. Here’s how…
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…
As we move into August 2025, much of the talk—particularly for UK small businesses and individuals—centres on what Chancellor Rachel Reeves may unveil in the Autumn Statement (aka Autumn Budget). Although the exact date hasn’t been confirmed, it is expected…
While many businesses slow down during August, with clients on holiday, inboxes quieter than usual, and meetings few and far between, this lull offers a hidden opportunity. Rather than waiting for the end-of-year scramble, August is the perfect time to…
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…
Every small business faces challenges. But over time, a clear distinction emerges between those that survive—or even thrive—and those that seem to operate in a constant state of financial stress. Surprisingly, it’s often not about how much revenue a business…
For many business owners, invoicing is one of those tasks that tends to get pushed to the bottom of the to-do list. But when invoices are disorganised, unpaid, or inconsistent, it can quickly impact your cash flow, financial clarity, and…
Keeping your financial records accurate and up to date is essential for making informed business decisions, staying compliant, and maintaining peace of mind. But it’s easy for bookkeeping to fall behind—especially when you're juggling the day-to-day demands of running a…