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Saving for retirement is a critical part of financial planning, and in the UK, workplace pensions make it easier for employees to build a nest egg. Thanks to the government’s auto-enrolment scheme, both employees and employers contribute to a pension pot. But what are the standard contribution rates, and how do they work?
The right digital tools can make your freelancer life easier, your business more efficient, and your clients happier. In this guide, we highlight the top tools for freelancers in the UK covering everything from time tracking to tax returns.
Whether you’re just starting out or looking to adjust your current pricing, understanding how to calculate your hourly rate as a freelancer is a critical step in building a sustainable and successful freelance business. Setting the right rate ensures you earn enough to cover your costs, reflect your skills and experience, and plan for the future.
Understanding how to calculate your break-even point is one of the most important steps in running a profitable business. Whether you’re launching a new product, reviewing your pricing strategy, or seeking funding, knowing the moment your business starts to cover its costs is essential.
If you run a limited company in the UK, you’ve likely encountered Corporation Tax – one of your business’s most important financial obligations. But what exactly is it, how much do you need to pay, and what are the consequences of getting it wrong?
Staying on top of your accounting deadlines is essential for keeping your business compliant and avoiding penalties. Whether you’re managing Corporation Tax, PAYE, VAT, or CIS obligations, June 2025 brings a number of key dates that UK businesses need to be aware of.
Owning and managing a property portfolio in the UK can be a lucrative investment, but it comes with its own set of tax responsibilities. Whether you’re renting out a single property or managing an entire portfolio, understanding your tax obligations and how to minimise them is crucial to maintaining healthy profit margins.
Paying tax once is enough – so what happens when you earn income abroad? Without safeguards in place, you could be taxed twice: once by the UK and again by the country where the income originates. That’s where double taxation treaties come in.
Running a Shopify store in the UK is an exciting opportunity, but along with sales and growth comes the responsibility of proper bookkeeping. Whether you’re just getting started or scaling your online business, understanding bookkeeping for Shopify is essential for staying compliant, profitable, and financially in control.
As a small business owner, staying on top of important tax deadlines is crucial to avoid penalties and ensure your operations run smoothly. May 2025 brings several key tax dates that all UK businesses must be aware of, from Corporation Tax returns to VAT payments and employee tax forms.
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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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