Empowering small businesses, for lasting success.

Everything you need to know about payments on account

Understanding the UK tax system can be tricky, especially if you’re self-employed or have extra income from things like renting out property or investments. One important part of this system you need to understand is Payments on Account. This blog post will help break down what payments on account are, who needs to make them,…
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Tax efficient ways to reward your team

Rewarding employees in a manner that is both motivating and tax-efficient can significantly enhance job satisfaction and culture within your team. There are various strategies that businesses can use to provide benefits without incurring heavy tax liabilities. This post outlines effective methods to do so, ensuring both employees and the company gain the most out…
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Illegal Dividends

Illegal Dividends for Limited Companies

As a limited company director, navigating dividend distributions is a critical aspect of financial management. Dividends represent distributions of company profits to shareholders, serving as a key method of rewarding investors for their financial support. However, declaring and distributing dividends must be approached cautiously to avoid the pitfalls of illegal dividends, which can have serious…
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How to Prepare for the End of the Tax Year

As the tax year winds down, businesses are entering a crucial phase in their financial planning. With various responsibilities and obligations on their plate, it’s essential for businesses to prepare thoroughly to comply with UK tax regulations and optimise their financial standing.  In this guide, we’ll explore the key steps and considerations for businesses as…
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How To Easily Switch Accountants

Changing accountants can be daunting. However, sometimes it’s necessary to ensure your business needs are met. Have you outgrown your current accountant? Are you looking for better services? Or do you just want a fresh perspective? Knowing how to navigate the process is essential for a smooth transition and peace of mind. In this blog,…
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Stop Leaving Your Tax Return To The Last Minute

Are you fed up with leaving your tax return to the last minute? Many business owners find that tax returns can be a real headache, causing unnecessary stress. But fear not! With some clever planning and savvy decision-making, we can turn this seemingly daunting process into something way more manageable. This blog post is here…
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Breaking Up with Your Accountant: A Guide on How to Switch

UK Contractors Self-Assessment Guide

Being a contractor in the UK is an exciting and flexible job where you work on various projects. It’s great because you can use your skills in many areas. But there are some essential things to take care of, including handling your taxes and self-assessment. This blog post is like a helpful guide for UK…
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Your Guide to Tax-Deductible Parties

A team Christmas party is a long-standing tradition. It brings everyone together, makes them happy, and boosts morale. But the thought of dealing with taxes might make the celebration a little less jolly. No worries, though! The UK tax system allows businesses to have parties while scoring tax deductions. Check out our blog “Staff and…
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Tax Planning For Limited Companies

Taxes can be tricky for many business owners, especially if you aren’t a financial expert. With a bit of tax planning, you can make things a whole lot easier for your limited company. Tax planning isn’t just a fancy term—it’s basically about managing your money smartly. In this guide, we’ll break down some simple strategies…
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The Little And Often Approach To Small Business Finances

Effective financial management serves as the lifeblood of any small business. It’s the powerful engine that not only keeps the wheels turning but also propels the business forward. From covering day-to-day expenses to providing the fuel needed for growth and expansion, sound financial management is the cornerstone of success. However, navigating the financial landscape can…
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