Practical answers for UK business owners and accounting professionals.
For many small companies, the first question is not whether equipment is deductible, but how quickly. The Annual Investment Allowance lets a business deduct the full cost of qualifying plant and machinery, up to £1…
Many owners know the VAT registration threshold, but fewer are clear about the lower threshold that can allow them to leave the VAT system. The two figures do different jobs, and falling between them does not…
For the 2026/27 tax year, from 6 April 2026 to 5 April 2027, most category A employees pay Class 1 National Insurance at 8% on earnings above the primary threshold and up to the upper earnings limit, and 2% above that…
Corporation Tax has two deadlines that are easy to confuse. The payment deadline and the Company Tax Return deadline are different dates. For most small companies, Corporation Tax is due 9 months and 1 day after the end…
I am considering selling my consultancy's client list to another firm, along with the brand name and some ongoing client relationships. I have run the business through a limited…
I work from home most days, using a spare room in our house as my office. My spouse owns the house in their sole name, and I have been wondering whether my limited company can…
My limited company had a serious disruption earlier this year when a burst pipe forced us out of our office for several weeks. We had to pause some client work, pay for temporary…
I have been with my current accountant for a few years, but communication has become slow and I am thinking about moving to a new firm part-way through my financial year. I do…
My consultancy is growing, and I am thinking about hiring a virtual assistant based overseas to help with inbox management, diary bookings, and chasing invoices. The work would…
I am planning to take about six months away from my consultancy next year, with no new client work during that time. My limited company will still exist, and I want to get the…
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