Thinking about closing your limited company? Perhaps you’re retiring, moving on to something new or simply no longer need your business. One of the biggest questions we get asked is: “How do I close my company and what happens to the money left in the bank?” If your company is solvent, meaning it can pay
Category Archives: Bookkeeping
Changes to Tax Rates & Thresholds, Corporation Tax, HMRC Updates & Changes, Important News from HMRC, Self-Assessment/ Personal Tax, Tax Planning & Saving Tips, Year-End Preparation Tips
Autumn Budget 2026: What does it mean for you and your business?
The Autumn Budget 2026 has been announced, bringing changes to tax, business expenses, employment costs and household finances. But what do these changes actually mean for you? Whether you’re a sole trader, limited company director, landlord or employee, some of the announcements could affect how much tax you pay and how you plan your finances.
Allowable Limited Company Expenses, Common Bookkeeping Mistakes, Self-Assessment Tips for Sole Traders, Tax Planning & Saving Tips, VAT Tips for Small Businesses
Christmas business gifts and parties: What can you claim against tax?
Christmas is a time for showing appreciation. Whether you’re sending hampers to clients, buying your team a bottle of wine or organising the office Christmas party, it’s important to understand what HMRC will allow you to claim. The rules aren’t always straightforward. A Christmas gift might be a genuine business expense but still not qualify
Tax Planning & Saving Tips, Year-End Preparation Tips
Why didn’t my accountant tell me? Reactive vs proactive accounting explained
It’s a conversation we’ve had more than once over the years: “I wish I’d known that before the year-end.” “I didn’t realise there was a way to reduce my tax bill.” “Why didn’t my accountant tell me?” The truth is, your accountant probably wasn’t trying to keep secrets. More often than not, it comes down
MTD for Income Tax (ITSA), Organising Your Receipts & Invoices, Self-Assessment Tips for Sole Traders, Self-Assessment/ Personal Tax
The Tax Return mistakes that cost people time, stress and money
When it comes to self-assessments, most people fall into one of two groups. The first group starts gathering information months in advance, keeps everything organised and submits their tax return without a hitch. The second group spends January frantically searching through emails, bank statements and paperwork, trying to remember whether they received interest, dividends, pension
Corporation Tax, Director’s Pay vs Dividends, Tax Planning & Saving Tips, Year-End Preparation Tips
So you want to take a dividend from your company?
Thinking about taking some money out of your limited company? Before you hit ‘transfer’, it’s worth understanding how dividends actually work — and what to check before you pay yourself. Dividends can be a brilliant, tax-efficient way to pay yourself as a business owner, but they come with a few rules and responsibilities. Let’s break
start-ups, Tax Planning & Saving Tips, Year-End Preparation Tips
Why Every Business Owner Should Keep Their Will Up to Date
Running a business keeps most of us busy enough without thinking too far ahead. But one of the most practical – and caring – things you can do for your family and your business is to make sure you have a Will in place, and that it’s kept up to date. It’s not the cheeriest
Allowable Limited Company Expenses, Director’s Pay vs Dividends, Tax Planning & Saving Tips, Year-End Preparation Tips
Salary, dividends or both? What you need to know about directors’ loans
If you run a limited company, one of the biggest perks is the flexibility in how you pay yourself. But with that flexibility comes confusion. Should you take a salary, dividends… or a bit of both? And what’s this “director’s loan account” everyone keeps talking about? Let’s break it down in plain English (with no
Allowable Limited Company Expenses, Corporation Tax, Organising Your Receipts & Invoices, Tax Planning & Saving Tips, Xero Tips & Tricks, Year-End Preparation Tips
Year-end tax planning for limited companies – top saving tips
Year-end tax planning for limited companies is all about making the most of reliefs and allowances before the clock runs out. If your company’s financial year-end is on the horizon, now’s the perfect time to review your finances and make sure you’re not missing any golden opportunities to save tax. From pension contributions to equipment
Bookkeeping, Corporation Tax, DNA News, Self-Assessment/ Personal Tax, VAT
Who We Don’t Work With (And Who Might Be a Perfect Fit)
We love working with businesses that align with our values and approach. But we also know that not every client is the right fit—and that’s okay! Being upfront about this helps both of us save time and focus on businesses where we can really make a difference. In this post, we’ll share some red flags