The Benefits of Having a Virtual Accountant vs. Traditional Accountancy Services

As more UK businesses embrace digital operations, the way they handle their finances is evolving too. Traditional accountancy - with face-to-face meetings, piles of paperwork, and fixed office hours - is rapidly being replaced by virtual accountants offering a flexible, digital-first approach.

What Documents Do You Need for Self Assessment?

For many people, completing a Self Assessment tax return can feel daunting - especially if it’s your first time. One of the most common stumbling blocks is simply knowing which documents you need to gather before you start.

Understanding the Statutory Sick Pay (SSP) Rules for Employers in the UK

As an employer in the UK, you're legally required to provide Statutory Sick Pay (SSP) to eligible employees who are off work due to illness. But with qualifying conditions, payment thresholds, and HMRC reporting obligations, it’s crucial to understand the SSP rules for employers to ensure compliance and fair treatment of your staff.

Self-Assessment Guide for Freelancers

If you're a freelancer in the UK, understanding and managing your self assessment tax obligations is essential. Whether you're just starting out or have been self-employed for years, getting your tax return right means avoiding penalties, maximising allowable expenses, and staying in control of your income.

What is a Personal Service Company?

In this post, we unpack exactly what a personal service company is, where it fits within the IR35/off‑payroll working rules, how recent and upcoming changes affect you, and the practical steps to stay compliant while running a sustainable business.

Year End Accounts Checklist UK

The end of the financial year is a critical time for any small business owner in the UK. It's when you need to ensure all your financial records are in order, your accounts are up to date, and you’re ready to submit your tax returns.

What is Non-Resident Landlord (NRL) Scheme

If you own property in the UK but live overseas, you’re not exempt from UK tax rules. Any rental income you receive from UK property may still be subject to UK tax and this is where HMRC’s Non-Resident Landlord (NRL) Scheme comes in.

A UK Business Guide to Withholding Tax Limits

If your business operates across borders, you are likely to encounter the concept of withholding tax. This is a tax that is deducted at source – meaning it is taken out of certain types of payments before the recipient receives the funds.

What is Debt Financing for Small Businesses

In the UK, debt financing for small business is one of the most common and accessible ways to raise capital. From traditional bank loans to alternative online lenders, government-backed schemes, and trade credit, debt financing provides a crucial lifeline for businesses that need funds without giving up ownership.

Key Accounting Dates for October 2025

October is a busy month for UK businesses when it comes to tax and compliance. From Corporation Tax payments and returns to Self Assessment notifications, PAYE, CIS, and even Plastic Packaging Tax, there are several key deadlines that business owners need to keep firmly on their radar.
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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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