Employer National Insurance now costs 15% on pay above £5,000 a year — but the £10,500 Employment Allowance can wipe…
Category: Accounting
UK accounting, bookkeeping and compliance guides.
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,…
PAYE and Payroll Basics for UK Employers: A Complete Guide
A complete guide to PAYE and payroll for UK employers: registering with HMRC, RTI and Full Payment Submissions, paying HMRC,…
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…
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…
How to Set Up a Limited Company in the UK: A Step-by-Step Guide
Setting up a limited company takes a few steps: choose a name and SIC code, appoint directors, record people with…
Self Assessment Tax Return Deadlines in the UK: Key Dates, Penalties and How to File
The Self Assessment deadline for the 2025/26 tax year is 31 January 2027 for online returns and payment — with…
Cash Flow Forecasting for UK Small Businesses: A Simple 13-Week Guide
A rolling 13-week cash flow forecast shows you exactly when money comes in and goes out — so you can…
Director’s Loan Account Rules in the UK: Tax Charges, Deadlines and Repayment
If a director borrows from their company, Section 455 tax of 33.75% can apply, plus benefit-in-kind charges on cheap loans…