The ‘bed and breakfasting’ trap
Jennifer Adams outlines the tax implications of an overdrawn director’s loan account at the end of an accounting period, and anti-avoidance rules designed to prevent
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.
IR35 for Contractors | Rules, Tax & Compliance Guide
Understanding the UK contracting structure can sometimes feel like a maze. Between chasing invoices, managing clients, and delivering high-quality work, contractors also have to contend
Common VAT Mistakes and How to Avoid Them
Value Added Tax (VAT) can be exhausting for many businesses in the UK. If you are juggling multiple responsibilities, this can be even more complex.
10 Expenses You’re Probably Missing on Your Self-Assessment
Filing your Self Assessment tax return? And, feeling overwhelmed? You are not alone. Also, if you want to save money while filing, you just have
Best Practice Management Software for Accounting Firms in the UK
If you run a business or are self-employed in the UK, getting your tax filings right is not optional; it is a legal requirement. Choosing
HMRC Self Assessment Penalties | How to Avoid Them?
Filing your Self Assessment tax return can be overwhelming and can make the tax year stressful. You have to gather receipts, log expenses, and calculate
The perils of dying intestate
Tristan Noyes looks at the impact of dying without a valid will and how that affects an individual’s inheritance tax position. Some find it morbid
Income tax is going to get even more complicated!
Kevin Read looks at the income tax rises coming in April 2027. At the November 2025 Budget, the Chancellor announced an increase in the tax
Online Accountant vs Traditional Accountant | Which is Better?
Choosing how to manage your business’s finances is an important decision to make for any business owner. In the UK, tax regulations and reporting requirements
Self Assessment Deadline 2026/27 | Everything You Need to Know
Filing taxes in the UK can sometimes make you feel overwhelmed. For many self-employed individuals, landlords, company directors, partners, and high earners, HMRC Self Assessment
Self Assessment Tax Return Filing | UK Guide for 2026
HM Revenue and Customs (HMRC) uses a system called Self Assessment tax return to allow individuals and businesses to report income and pay tax that
How to Get a Cheaper Accountant Without Sacrificing Quality?
Looking for a cheap accountant without compromising the quality? You are not alone. Hiring an accountant is one of the smartest moves for your business.
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