Category Archives: Corporation Tax

Busting the Myths About Taking Your Pension Tax-Free

Gillian (woman) talking on the phone about pension tax-free myths

Over the years, many of us end up with several pensions from different jobs — some large, some small, and sometimes a bit forgotten about until retirement looms. When it comes time to draw from them, one question comes up again and again: “Can I take the whole thing tax-free?” The rules around pensions can

Sole Trader vs Limited Company director – what’s best for your business?

woman thinking about Sole Trader vs Limited Company director – what’s best for your business?

Why it matters Setting up as a sole trader or limited company director isn’t just a bureaucratic choice—it’s a strategic decision that affects your taxes, your rights, and your long‑term goals. Whether you’re nearing £50K income and facing MTD ITSA, or edging over £100K and losing your personal allowance, this clear breakdown will help you

Not All That Glitters Is R&D: Why HMRC Is Clamping Down on Dodgy Claims

R&D tax relief - women planning on whiteboard

At DNA Accountants, we’ve seen a worrying pattern lately: clients who were encouraged by so-called Research & Development (R&D) “specialist” firms to make claims they never should have submitted. The result? HMRC is now knocking on the door, asking for the money back – and in some cases, charging penalties on top. R&D tax relief

Buying or Leasing a Van: What’s Best for Your Business?

Buying or Leasing a Van - man loading boxes into van

If you’re a business owner, choosing between buying or leasing a van can feel like a big decision. In this guide, we break down the pros, cons, and tax advantages of buying or leasing a van, so you can make a choice that suits your business needs and budget. What’s the Difference When Buying or

Why Alphabet Shares Could Be a Smart Move for Your Business

Woman thinking about alphabet shares structure dividends for family businesses

If you run a limited company, you might assume all shares are created equal. But that doesn’t have to be the case — and in many small businesses, it shouldn’t be. Creating different types of shares, known as alphabet shares (like A shares, B shares, C shares etc), can offer you flexibility, control, and some

What to Do When Your Limited Company Becomes Dormant

limited company becomes dormant, person typing on laptop

Many business owners set up a limited company to work as a contractor or consultant. But what if things change? Maybe you’ve landed a full-time job and no longer need to invoice through your company. Instead of shutting it down straight away, you have a few options. Let’s go through them step by step. 1.

Who We Don’t Work With (And Who Might Be a Perfect Fit)

Two young businesswomen talking near the office building, having a small talk during the coffee break outdoors.

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

Managing client expectations: How long will it take?

people working in an office with computers

We love working with our clients, but let’s be real – nobody enjoys chasing emails about deadlines. So, to keep things running smoothly, here’s a handy guide on when you can expect your accounts, tax returns, payroll, and everything in between to be completed. Key to Timelines ✅ Timelines below are based on receiving all