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 PILON? A Guide to Payment in Lieu of Notice

PILON is a common feature in UK employment law and can appear in both standard contracts and negotiated settlement agreements. It’s important for both employers and employees to understand how it works, because it affects contractual rights, final pay calculations, and even tax treatment.

How to Structure Dividends and Salaries for Limited Company Tax Savings

Running your own limited company in the UK offers you more flexibility and control than being self-employed. But with that flexibility comes responsibility particularly when it comes to deciding how you pay yourself.

Borrowing Money from Your Limited Company

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.

What Is Financial Forecasting?

Financial forecasting is the process of estimating a business’s future financial performance based on historical data, current market conditions, and anticipated trends.

Donating to Charity Through Your Company

Supporting charitable causes is not only good for society, but it can also be beneficial for your company’s finances and reputation. If you’re considering donating to charity through your business, there are several important tax rules, methods, and compliance requirements to keep in mind.

IR35 Explained A UK Guide for Contractors and Employers

The IR35 legislation has long been a complex and often misunderstood part of UK tax law. Whether you're a self-employed contractor, a limited company director, or a business that hires off-payroll workers, understanding IR35 is crucial for staying compliant and avoiding unexpected tax liabilities.

Common Accounting Questions for UK Small Businesses

Running a business comes with plenty of financial responsibilities and just as many questions. Whether you’re a sole trader, limited company, or freelancer, understanding the basics of business accounting is key to staying compliant, efficient, and profitable.

How to Prepare for an HMRC Tax Inspection

In this guide, we will walk you through some of the steps of preparing for an HMRC tax inspection, what to expect during the audit, and the best practices for ensuring that everything runs smoothly.

Is an External Audit of Accounts of a Limited Company Required?

As a limited company in the UK, there are various legal and financial obligations you must meet, one of which is determining whether an external audit of your company's accounts is required.
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