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Pension Contributions Through Your Limited Company: Tax Relief and the £60,000 Annual Allowance

How pension contributions work through a limited company: Corporation Tax relief, no employer National Insurance, the £60,000 annual allowance, carrying…

VAT Schemes Compared: Standard, Flat Rate, Cash Accounting and Annual Accounting

The four main VAT schemes compared: standard accounting, the Flat Rate Scheme, cash accounting and annual accounting — who each…

IR35 Explained: Off-Payroll Working Rules for Contractors and UK Businesses

IR35 and the off-payroll working rules explained in plain English: inside vs outside IR35, who decides status, Status Determination Statements,…

Bookkeeping Basics for UK Small Businesses: Records You Must Keep and How Long to Keep Them

Good bookkeeping means recording every sale, expense and invoice — and keeping the records for 6 years if you run…

Capital Gains Tax in the UK: Rates, the £3,000 Annual Allowance and How to Report a Gain

Capital Gains Tax applies when you sell property, shares or business assets for a profit. The annual allowance is £3,000,…

Allowable Expenses for Self-Employed People in the UK: What You Can and Cannot Claim

Sole traders can claim costs that are wholly and exclusively for the business — from office costs and travel at…