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In this post, we’ll explore the essential business tools for plumbing business owners, with a focus on administrative, accounting, and management solutions. We’ll also include expert tips from an accounting perspective to help you improve efficiency, compliance, and profitability.
If you’re self-employed in the UK, understanding your National Insurance obligations is vital for staying compliant and avoiding unexpected tax bills. One key component is Class 4 National Insurance Contributions (NICs). But what exactly is Class 4 NIC, how is it calculated, and when do you need to pay it?
In this post, we look at the essentials of how to handle corporation tax for a partnership or LLP in the UK, including the latest updates for the 2025/26 tax year. Whether you’re starting out or looking to ensure compliance, here’s what you need to know.
Running a limited company in the UK offers a range of financial and tax planning opportunities, but borrowing money from your own company isn’t as straightforward as transferring funds from one account to another. As a director, you need to understand the tax implications, legal rules, and reporting requirements that apply.
While sole traders often operate alone, there’s no legal barrier preventing them from building a team. Whether you run a small café, offer plumbing services, or freelance in digital marketing, you may find yourself needing an extra pair of hands as your business grows.
Running an ecommerce business in the UK is fast-paced, competitive and often complex especially when it comes to accounting. With multiple sales channels, digital tools and tax regulations to consider, it’s easy to slip up. But accounting errors can lead to cash flow problems, HMRC penalties, or even long-term financial instability.
If you’re self-employed in the UK whether as a sole trader, freelancer or contractor then keeping proper tax documentation isn’t optional. It’s essential for accurate reporting, maximising allowable expenses, and staying compliant with HMRC.
Financial forecasting is the process of estimating a business’s future financial performance based on historical data, current market conditions, and anticipated trends.
Companies House has been rolling out voluntary identity verification for company directors, Persons with Significant Control (PSCs), and individuals submitting filings on behalf of a company. This forms part of a wider set of reforms introduced by the Economic Crime and Corporate Transparency Act 2023 (ECCTA).
Stay on top of your accounting with this guide to upcoming key UK tax and filing deadlines in August 2025. Avoid penalties with this checklist for businesses and the self-employed.
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Accounting Wise is a trading style of Accounting Wise Ltd, a limited company registered in England under company number 09365202. Our registered office is: The Carriages, Station Road, Ware, SG12 9PL UK.
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