What is a Company Registration Number (CRN)? UK Business Guide
Starting a business is a huge undertaking. Additionally, legal-documentation often feels complex and ongoing. Many business owners find it difficult to keep their formal business
Accounting, Tax & Business Blogs
Explore expert accounting, tax, bookkeeping, and business advice from across the UK. Get practical tips, financial insights, and the latest updates to help you manage your finances and grow your business.
Going, Going, Almost Gone! What is Left of BADR?
The maximum capital gains tax (CGT) saving on a gain of £1m with the current rate of business asset disposal relief (BADR) of 14% (for
Reclaiming VAT on Motoring Expenses
The recovery of VAT on motoring expenses continues to cause confusion to businesses and advisers alike, so here is a quick look at the different
What is the 40% Tax Bracket? Thresholds | Allowances & How to Pay Less
Crossing a higher earnings threshold is a positive milestone; however, it comes at a very high price in terms of your tax bill. When one
Taxing dividends in 2025/26
Dividends are payments by companies to their shareholders as a way of distributing profits. Because those profits are subject to corporation tax, dividends have been
All That Glitters
Cowboy’ is a term often used to describe a tradesperson who is poor at their work and potentially untrustworthy. Similar to other trades and professions,
To Incorporate or Not to Incorporate – That is The Question!
Many small businesses will start out as sole traders – the owner and the business are one and the same. Personal and business assets are kept
Too Much Cash in the Company?
Whilst having a large bank balance represents financial security and flexibility, leaving significant sums of cash sitting idle in the company’s bank account (i.e., more than a
A ‘Deadly’ Combination! Death and Taxes
As well as being the two certainties in life, death and taxes often go hand in hand. This article highlights how they interact in certain
Nominate your Partner Carefully!
The ‘nominated partner’ of a partnership is responsible for: filing the partnership tax return; dealing with matters arising from an enquiry; and keeping the other partners
What Happens When HMRC Gives Incorrect Advice?
HMRC once had a generous policy on misdirection – although it was not necessarily generously applied! In Notice 48 (March 2002) Extra-Statutory Concessions, it stated: ‘If
MTD for Income Tax: What Small Businesses Need to Know
A significant development will reshape the way small businesses in the UK manage their tax affairs from 6 April 2026. VAT-registered businesses are already using
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